South-Eastern Asia: Men Knitwear Market 2025

Men Knitwear Market Size in South-Eastern Asia

The Southeast Asian men knitwear market stood at $X in 2022, growing by 13% against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +21.9% against 2020 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Men Knitwear Production in South-Eastern Asia

In value terms, men knitwear production shrank slightly to $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.8% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 35% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Men Knitwear Exports

Exports in South-Eastern Asia

Men knitwear exports soared to X units in 2022, picking up by 16% against 2021. In general, exports posted a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 50%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, men knitwear exports skyrocketed to $X in 2022. Overall, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of 62% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

Vietnam represented the main exporting country with an export of around X units, which reached 54% of total exports. Cambodia (X units) ranks second in terms of the total exports with a 14% share, followed by Myanmar (11%), Indonesia (8.9%) and Thailand (6.9%). Malaysia (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to men knitwear exports from Vietnam stood at +18.4%. At the same time, Myanmar (+80.6%), Indonesia (+28.3%) and Cambodia (+4.8%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +80.6% from 2012-2022. By contrast, Thailand (-1.2%) and Malaysia (-2.8%) illustrated a downward trend over the same period. While the share of Vietnam (+27 p.p.), Myanmar (+11 p.p.) and Indonesia (+6.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-8.4 p.p.), Cambodia (-10 p.p.) and Thailand (-14.3 p.p.) displayed negative dynamics.

In value terms, the largest men knitwear supplying countries in South-Eastern Asia were Vietnam ($X), Cambodia ($X) and Indonesia ($X), with a combined 86% share of total exports. Myanmar, Thailand and Malaysia lagged somewhat behind, together accounting for a further 12%.

In terms of the main exporting countries, Myanmar, with a CAGR of +70.6%, 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 export price in South-Eastern Asia amounted to $X per unit, with an increase of 5.9% against the previous year. In general, the export price, however, saw a mild descent. The most prominent rate of growth was recorded in 2020 when the export price increased by 26%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.2%), while the other leaders experienced more modest paces of growth.

Men Knitwear Imports

Imports in South-Eastern Asia

In 2022, approx. X units of men's or boys' clothing (knitted or crocheted) were imported in South-Eastern Asia; increasing by 82% on the previous year's figure. Overall, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, men knitwear imports soared to $X in 2022. Total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, 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, Malaysia (X units), Myanmar (X units) and Vietnam (X units) was the main importer of men's or boys' clothing (knitted or crocheted) in South-Eastern Asia, making up 85% of total import. It was distantly followed by Thailand (X units), achieving a 4.6% share of total imports. Singapore (X units), Indonesia (X units) and the Philippines (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of +82.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constitutes the largest market for imported men's or boys' clothing (knitted or crocheted) in South-Eastern Asia, comprising 53% of total imports. The second position in the ranking was held by Vietnam ($X), with a 21% share of total imports. It was followed by Singapore, with a 10% share.

In Malaysia, men knitwear imports expanded at an average annual rate of +35.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (-10.0% per year) and Singapore (-0.9% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, growing by 6.3% against the previous year. In general, the import price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the import price increased by 24%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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