India: Men Swimwear Market 2024

Men Swimwear Market Size in India

In 2021, the Indian men swimwear market decreased by -0.9% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption showed a relatively flat trend pattern. Men swimwear consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Men Swimwear Production in India

In value terms, men swimwear production totaled $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 11% against the previous year. Men swimwear production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Men Swimwear Exports

Exports from India

Men swimwear exports from India surged to X units in 2021, picking up by 128% against the year before. Overall, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 374%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, men swimwear exports soared to $X in 2021. Over the period under review, exports recorded a tangible increase. The growth pace was the most rapid in 2013 with an increase of 224% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X units), the United States (X units) and the United Arab Emirates (X units) were the main destinations of men swimwear exports from India, together comprising 59% of total exports. The UK, Australia, Nepal, Germany, Nigeria, Guyana and Canada lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guyana (with a CAGR of +154.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for men’s swimwear (excluding of knitted or crocheted textiles) exports from India, comprising 37% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 18% share of total exports. It was followed by Malaysia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+10.9% per year) and Malaysia (+62.9% per year).

Export Prices by Country

In 2021, the average men swimwear export price amounted to $X per unit, with an increase of 10% against the previous year. In general, the export price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2014 an increase of 39% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guyana (+42.2%), while the prices for the other major destinations experienced more modest paces of growth.

Men Swimwear Imports

Imports into India

In 2021, supplies from abroad of men’s swimwear (excluding of knitted or crocheted textiles) decreased by -46.4% to X units, falling for the third consecutive year after three years of growth. Overall, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2018 when imports increased by 280%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, men swimwear imports reduced notably to $X in 2021. Over the period under review, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 518% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Bangladesh (X units), China (X units) and Vietnam (X units) were the main suppliers of men swimwear imports to India, together comprising 90% of total imports.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +72.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) constituted the largest supplier of men’s swimwear (excluding of knitted or crocheted textiles) to India, comprising 44% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Vietnam, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value from Bangladesh totaled +82.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.8% per year) and Vietnam (+34.0% per year).

Import Prices by Country

The average men swimwear import price stood at $X per unit in 2021, rising by 56% against the previous year. Over the period under review, the import price, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2014 an increase of 125% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :