Scandinavia: Men Knitwear Market 2024

Men Knitwear Market Size in Scandinavia

For the seventh consecutive year, the Scandinavia men knitwear market recorded growth in sales value, which increased by 10% to $X in 2022. In general, consumption posted a buoyant expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Men Knitwear Production in Scandinavia

In value terms, men knitwear production amounted to $X in 2022 estimated in export price. In general, production showed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 24,866% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Men Knitwear Exports

Exports in Scandinavia

In 2022, the amount of men's or boys' clothing (knitted or crocheted) exported in Scandinavia skyrocketed to X units, picking up by 22% against the previous year. In general, exports enjoyed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, men knitwear exports surged to $X in 2022. Over the period under review, exports continue to indicate a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden prevails in exports structure, reaching X units, which was approx. 86% of total exports in 2022. It was distantly followed by Finland (X units) and Norway (X units), together comprising a 14% share of total exports.

Sweden was also the fastest-growing in terms of the men's or boys' clothing (knitted or crocheted) exports, with a CAGR of +11.8% from 2012 to 2022. At the same time, Norway (+6.2%) and Finland (+1.8%) displayed positive paces of growth. From 2012 to 2022, the share of Sweden increased by +13 percentage points.

In value terms, Sweden ($X) remains the largest men knitwear supplier in Scandinavia, comprising 86% of total exports. The second position in the ranking was taken by Finland ($X), with an 8.4% share of total exports.

In Sweden, men knitwear exports increased at an average annual rate of +14.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (+4.8% per year) and Norway (+6.3% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, with an increase of 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+2.9%), while the other leaders experienced more modest paces of growth.

Men Knitwear Imports

Imports in Scandinavia

In 2022, purchases abroad of men's or boys' clothing (knitted or crocheted) increased by 12% to X units, rising for the second year in a row after three years of decline. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +7.4% 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 +42.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 28% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, men knitwear imports stood at $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +8.5% 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 +50.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 32%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Sweden (X units) was the key importer of men's or boys' clothing (knitted or crocheted), generating 62% of total imports. Norway (X units) ranks second in terms of the total imports with a 20% share, followed by Finland (19%).

Sweden was also the fastest-growing in terms of the men's or boys' clothing (knitted or crocheted) imports, with a CAGR of +10.8% from 2012 to 2022. At the same time, Finland (+3.6%) and Norway (+3.6%) displayed positive paces of growth. Sweden (+16 p.p.) significantly strengthened its position in terms of the total imports, while Finland and Norway saw its share reduced by -8.1% and -8.4% from 2012 to 2022, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported men's or boys' clothing (knitted or crocheted) in Scandinavia, comprising 59% of total imports. The second position in the ranking was taken by Norway ($X), with a 24% share of total imports.

In Sweden, men knitwear imports increased at an average annual rate of +11.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Norway (+5.5% per year) and Finland (+5.5% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, increasing by 2.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2017 an increase of 8% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+1.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform