Portugal: Women Knitwear Market 2024

Women Knitwear Market Size in Portugal

In 2022, the Portuguese women knitwear market decreased by -35.2% to $X, falling for the fourth consecutive year after three years of growth. In general, consumption, however, showed a slight expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Women Knitwear Production in Portugal

In value terms, women knitwear production fell rapidly to $X in 2022 estimated in export price. In general, production recorded a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 66%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Women Knitwear Exports

Exports from Portugal

In 2022, approx. X units of women's or girls' clothing (knitted or crocheted) were exported from Portugal; with a decrease of -25% compared with 2021. Overall, exports showed a noticeable shrinkage. The growth pace was the most rapid in 2016 when exports increased by 51% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, women knitwear exports dropped to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 37%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X units) was the main destination for women knitwear exports from Portugal, accounting for a 49% share of total exports. Moreover, women knitwear exports to Spain exceeded the volume sent to the second major destination, Germany (X units), fourfold. The third position in this ranking was held by France (X units), with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at -5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+3.8% per year) and France (-2.3% per year).

In value terms, Spain ($X) remains the key foreign market for women's or girls' clothing (knitted or crocheted) exports from Portugal, comprising 28% of total exports. The second position in the ranking was taken by France ($X), with a 13% share of total exports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+1.9% per year) and Germany (+4.4% per year).

Export Prices by Country

In 2022, the average women knitwear export price amounted to $X per unit, growing by 15% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, women knitwear export price increased by +15.3% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 31%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the 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 Sweden ($X per unit), while the average price for exports to Tunisia ($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 Tunisia (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Women Knitwear Imports

Imports into Portugal

In 2022, women knitwear imports into Portugal soared to X units, increasing by 19% against 2021 figures. Overall, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +1.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 60% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, women knitwear imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +5.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Spain (X units) constituted the largest women knitwear supplier to Portugal, accounting for a 54% share of total imports. Moreover, women knitwear imports from Spain exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. France (X units) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.0% per year) and France (+3.3% per year).

In value terms, Spain ($X) constituted the largest supplier of women's or girls' clothing (knitted or crocheted) to Portugal, comprising 51% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+21.3% per year) and Italy (+0.5% per year).

Import Prices by Country

In 2022, the average women knitwear import price amounted to $X per unit, with an increase of 2% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, women knitwear import price increased by +14.0% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 47%. Over the period under review, average import prices reached the peak figure 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 ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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