Romania: Women Knitwear Market 2024

Women Knitwear Market Size in Romania

The Romanian women knitwear market expanded notably to $X in 2022, growing by 10% against the previous year. Overall, consumption showed strong growth. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Women Knitwear Production in Romania

In value terms, women knitwear production contracted rapidly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 42%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Women Knitwear Exports

Exports from Romania

In 2022, overseas shipments of women's or girls' clothing (knitted or crocheted) increased by 21% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a abrupt slump. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, women knitwear exports expanded sharply to $X in 2022. Over the period under review, exports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 18%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X units), Germany (X units) and Italy (X units) were the main destinations of women knitwear exports from Romania, with a combined 59% share of total exports. Bulgaria, the UK, Poland, the Czech Republic, France and Croatia lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +32.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for women knitwear exported from Romania were Italy ($X), Germany ($X) and Hungary ($X), with a combined 66% share of total exports.

Among the main countries of destination, Hungary, with a CAGR of +27.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average women knitwear export price amounted to $X per unit, waning by -11.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2020 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Hungary ($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 France (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Women Knitwear Imports

Imports into Romania

In 2022, imports of women's or girls' clothing (knitted or crocheted) into Romania surged to X units, jumping by 18% against the year before. Overall, imports saw a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 37% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, women knitwear imports surged to $X in 2022. In general, imports posted a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 40% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Poland (X units), Hungary (X units) and Germany (X units) were the main suppliers of women knitwear imports to Romania, together accounting for 63% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +40.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest women knitwear suppliers to Romania were Poland ($X), Germany ($X) and Italy ($X), with a combined 56% share of total imports.

Poland, with a CAGR of +25.8%, saw 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

The average women knitwear import price stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% 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 +56.6% against 2012 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 19%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then reduced in the following year.

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 ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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