Scandinavia: Women Knitwear Market 2024

Women Knitwear Market Size in Scandinavia

The Scandinavia women knitwear market amounted to $X in 2022, rising by 1.9% against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +28.3% against 2020 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Women Knitwear Production in Scandinavia

In value terms, women knitwear production shrank to $X in 2022 estimated in export price. In general, production, however, posted significant growth. The growth pace was the most rapid in 2018 with an increase of 2,193%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Women Knitwear Exports

Exports in Scandinavia

In 2022, overseas shipments of women's or girls' clothing (knitted or crocheted) increased by 14% to X units, rising for the fourth year in a row after four years of decline. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +7.2% 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 +79.6% against 2018 indices. The growth pace was the most rapid in 2019 with an increase of 25%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, women knitwear exports amounted to $X in 2022. Overall, exports showed a prominent increase. The growth pace was the most rapid in 2020 when exports increased by 30%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Sweden prevails in exports structure, resulting at X units, which was near 90% of total exports in 2022. It was distantly followed by Finland (X units), creating a 6.9% share of total exports. Norway (X units) held a relatively small share of total exports.

Exports from Sweden increased at an average annual rate of +7.9% from 2012 to 2022. At the same time, Norway (+8.5%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +8.5% from 2012-2022. Finland experienced a relatively flat trend pattern. Sweden (+5.4 p.p.) significantly strengthened its position in terms of the total exports, while Finland saw its share reduced by -5.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest women knitwear supplier in Scandinavia, comprising 85% of total exports. The second position in the ranking was taken by Finland ($X), with an 8.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden amounted to +9.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (+2.6% per year) and Norway (+17.9% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, which is down by -12.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2020 when the export price increased by 11%. The level of export peaked at $X per unit in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+8.6%), while the other leaders experienced more modest paces of growth.

Women Knitwear Imports

Imports in Scandinavia

In 2022, imports of women's or girls' clothing (knitted or crocheted) in Scandinavia rose rapidly to X units, picking up by 11% compared with the previous year. The total import volume increased at an average annual rate of +5.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 16%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, women knitwear imports expanded modestly to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +34.6% against 2014 indices. The growth pace was the most rapid in 2021 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Sweden represented the key importer of women's or girls' clothing (knitted or crocheted) in Scandinavia, with the volume of imports accounting for X units, which was near 67% of total imports in 2022. Norway (X units) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by Finland (16%).

Sweden was also the fastest-growing in terms of the women's or girls' clothing (knitted or crocheted) imports, with a CAGR of +6.5% from 2012 to 2022. At the same time, Norway (+2.5%) and Finland (+2.3%) displayed positive paces of growth. Sweden (+9.2 p.p.) significantly strengthened its position in terms of the total imports, while Norway and Finland saw its share reduced by -4.5% and -4.7% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual growth rate of value in Sweden totaled +7.1%. In the other countries, the average annual rates were as follows: Norway (+4.4% per year) and Finland (+2.5% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, waning by -7.8% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 7.2% against the previous year. The level of import peaked at $X per unit in 2021, and then contracted in the following year.

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

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

Source: IndexBox Platform