Ireland: Women Knitwear Market 2024

Women Knitwear Market Size in Ireland

The Irish women knitwear market reduced rapidly to $X in 2022, which is down by -43.3% against the previous year. In general, consumption, however, showed significant growth. As a result, consumption attained the peak level of $X, and then declined markedly in the following year.

Women Knitwear Production in Ireland

In value terms, women knitwear production stood at $X in 2022 estimated in export price. Overall, production recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 188% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Women Knitwear Exports

Exports from Ireland

In 2022, the amount of women's or girls' clothing (knitted or crocheted) exported from Ireland surged to X units, jumping by 92% on the previous year. In general, exports enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2014 with an increase of 124% against the previous year. The exports peaked at X units in 2016; afterwards, it flattened through to 2022.

In value terms, women knitwear exports soared to $X in 2022. Overall, total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +120.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 72%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The UK (X units) was the main destination for women knitwear exports from Ireland, accounting for a 66% share of total exports. Moreover, women knitwear exports to the UK exceeded the volume sent to the second major destination, Spain (X units), fivefold. The Netherlands (X units) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-0.2% per year) and the Netherlands (-0.6% per year).

It was followed by the Netherlands, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value to the UK stood at +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-2.8% per year) and the Netherlands (-6.1% per year).

Export Prices by Country

The average women knitwear export price stood at $X per unit in 2022, reducing by -33% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 73%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the Netherlands ($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 Czech Republic (+1.2%), while the prices for the other major destinations experienced a decline.

Women Knitwear Imports

Imports into Ireland

In 2022, women knitwear imports into Ireland fell rapidly to X units, which is down by -43.2% compared with the previous year's figure. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 205%. As a result, imports attained the peak of X units, and then reduced markedly in the following year.

In value terms, women knitwear imports reduced slightly to $X in 2022. Over the period under review, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 46%. As a result, imports reached the peak of $X, and then declined modestly in the following year.

Imports by Country

Bangladesh (X units), China (X units) and Cambodia (X units) were the main suppliers of women knitwear imports to Ireland, with a combined 63% share of total imports. Turkey, the UK, Spain, Myanmar, Vietnam, India, Sri Lanka and Germany lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +52.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Bangladesh ($X) and the UK ($X) constituted the largest women knitwear suppliers to Ireland, together comprising 47% of total imports. Turkey, Cambodia, Vietnam, Spain, India, Sri Lanka, Myanmar and Germany lagged somewhat behind, together comprising a further 35%.

Myanmar, with a CAGR of +46.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average women knitwear import price amounted to $X per unit, with an increase of 73% against the previous year. In general, the import price, however, saw a abrupt curtailment. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+20.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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