France: Women Knitwear Market 2024

Women Knitwear Market Size in France

The French women knitwear market dropped dramatically to $X in 2022, with a decrease of -27.3% against the previous year. Overall, consumption, however, recorded a temperate expansion. Women knitwear consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Women Knitwear Production in France

In value terms, women knitwear production skyrocketed to $X in 2022 estimated in export price. In general, production recorded a pronounced setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by 21%. Women knitwear production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Women Knitwear Exports

Exports from France

In 2022, shipments abroad of women's or girls' clothing (knitted or crocheted) increased by 25% to X units, rising for the sixth consecutive year after two years of decline. Overall, exports posted a buoyant expansion. The growth pace was the most rapid in 2019 when exports increased by 45% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, women knitwear exports rose notably to $X in 2022. The total export value increased at an average annual rate of +4.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 18% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X units), Italy (X units) and Germany (X units) were the main destinations of women knitwear exports from France, together accounting for 56% of total exports. Belgium, Poland, Switzerland, the Netherlands, Romania, the UK, Portugal, Hungary and China lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +45.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and Germany ($X) appeared to be the largest markets for women knitwear exported from France worldwide, together comprising 44% of total exports. Belgium, the UK, Poland, China, Switzerland, the Netherlands, Portugal, Romania and Hungary lagged somewhat behind, together comprising a further 36%.

China, with a CAGR of +40.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average women knitwear export price stood at $X per unit in 2022, declining by -9.6% against the previous year. Overall, the export price continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2016 an increase of 61% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-0.0%), while the prices for the other major destinations experienced a decline.

Women Knitwear Imports

Imports into France

In 2022, purchases abroad of women's or girls' clothing (knitted or crocheted) increased by 17% to X units, rising for the fourth year in a row after four years of decline. Over the period under review, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2020 when imports increased by 62%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, women knitwear imports soared to $X in 2022. The total import value increased at an average annual rate of +5.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 19% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Bangladesh (X units), China (X units) and Germany (X units) were the main suppliers of women knitwear imports to France, with a combined 47% share of total imports. Spain, Belgium, the Netherlands, India, Vietnam, Italy, Turkey, Myanmar, Tunisia and Morocco lagged somewhat behind, together comprising a further 46%.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +192.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Bangladesh ($X) appeared to be the largest women knitwear suppliers to France, with a combined 41% share of total imports. Spain, Belgium, Italy, the Netherlands, Vietnam, Turkey, India, Tunisia, Myanmar and Morocco lagged somewhat behind, together accounting for a further 49%.

In terms of the main suppliers, Myanmar, with a CAGR of +88.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average women knitwear import price stood at $X per unit in 2022, shrinking by -1.6% against the previous year. Overall, the import price showed a slight decrease. The pace of growth appeared the most rapid in 2017 when the average import price increased by 35% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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