Scandinavia: Men Swimwear Market 2024

Men Swimwear Market Size in Scandinavia

In 2021, the Scandinavia men swimwear market decreased by -0.5% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, posted strong growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Men Swimwear Production in Scandinavia

In value terms, men swimwear production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production posted a significant increase. The pace of growth was the most pronounced in 2015 when the production volume increased by 163%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Men Swimwear Exports

Exports in Scandinavia

After two years of growth, shipments abroad of men’s swimwear (excluding of knitted or crocheted textiles) decreased by -3.5% to X units in 2021. Overall, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2015 with an increase of 89%. Over the period under review, the exports reached the maximum at X units in 2020, and then contracted slightly in the following year.

In value terms, men swimwear exports soared to $X in 2021. In general, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by 59%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

In 2021, Denmark (X units) represented the main exporter of men’s swimwear (excluding of knitted or crocheted textiles), generating 84% of total exports. It was distantly followed by Sweden (X units), creating a 13% share of total exports. Norway (X units) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to men swimwear exports from Denmark stood at +14.4%. At the same time, Norway (+49.9%) and Sweden (+7.6%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +49.9% from 2012-2021. From 2012 to 2021, the share of Denmark and Norway increased by +7.8 and +1.8 percentage points, respectively.

In value terms, Denmark ($X) remains the largest men swimwear supplier in Scandinavia, comprising 71% of total exports. The second position in the ranking was held by Sweden ($X), with a 26% share of total exports.

In Denmark, men swimwear exports expanded at an average annual rate of +12.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (+14.8% per year) and Norway (+32.5% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, surging by 21% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+6.7%), while the other leaders experienced a decline in the export price figures.

Men Swimwear Imports

Imports in Scandinavia

In 2021, purchases abroad of men’s swimwear (excluding of knitted or crocheted textiles) decreased by -7.6% to X units, falling for the second consecutive year after six years of growth. In general, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 38% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, men swimwear imports contracted to $X in 2021. Overall, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 30%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Denmark represented the major importing country with an import of about X units, which resulted at 49% of total imports. Sweden (X units) ranks second in terms of the total imports with a 33% share, followed by Norway (12%) and Finland (5.5%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Denmark (with a CAGR of +10.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Sweden ($X) and Norway ($X) constituted the countries with the highest levels of imports in 2021, together comprising 92% of total imports.

In terms of the main importing countries, Sweden, with a CAGR of +9.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, growing by 3% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by 11% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform