South-Eastern Asia: Women Knitwear Market 2025

Women Knitwear Market Size in South-Eastern Asia

After two years of decline, the Southeast Asian women knitwear market increased by 3.5% to $X in 2022. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.4% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Women Knitwear Production in South-Eastern Asia

In value terms, women knitwear production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 36%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Women Knitwear Exports

Exports in South-Eastern Asia

In 2022, approx. X units of women's or girls' clothing (knitted or crocheted) were exported in South-Eastern Asia; increasing by 9.2% against the previous year's figure. Overall, exports showed a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 23%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, women knitwear exports surged to $X in 2022. In general, exports showed resilient growth. The growth pace was the most rapid in 2021 with an increase of 30%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Vietnam (X units) and Cambodia (X units) represented roughly 76% of total exports in 2022. Indonesia (X units) took an 11% share (based on physical terms) of total exports, which put it in second place, followed by Myanmar (7.6%). The following exporters - Singapore (X units) and Thailand (X units) - each accounted for a 3.6% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Myanmar (with a CAGR of +157.9%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Cambodia ($X) and Indonesia ($X) constituted the countries with the highest levels of exports in 2022, with a combined 91% share of total exports. Myanmar, Thailand and Singapore lagged somewhat behind, together accounting for a further 7.5%.

In terms of the main exporting countries, Myanmar, with a CAGR of +147.1%, recorded the highest rates of growth with regard to 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, surging by 7.4% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+1.7%), while the other leaders experienced more modest paces of growth.

Women Knitwear Imports

Imports in South-Eastern Asia

In 2022, approx. X units of women's or girls' clothing (knitted or crocheted) were imported in South-Eastern Asia; with an increase of 116% compared with 2021 figures. Over the period under review, imports, however, showed a deep setback. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, women knitwear imports skyrocketed to $X in 2022. Overall, imports, however, recorded a deep reduction. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Vietnam was the largest importing country with an import of about X units, which accounted for 44% of total imports. Singapore (X units) held the second position in the ranking, distantly followed by Indonesia (X units) and Thailand (X units). All these countries together held near 43% share of total imports. Malaysia (X units), Cambodia (X units) and the Philippines (X units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to women knitwear imports into Vietnam stood at -11.1%. At the same time, Indonesia (+33.3%), the Philippines (+22.3%), Cambodia (+8.1%), Singapore (+4.7%), Malaysia (+4.5%) and Thailand (+1.7%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +33.3% from 2012-2022. Singapore (+14 p.p.), Indonesia (+12 p.p.), Thailand (+4.6 p.p.), Cambodia (+3.2 p.p.), Malaysia (+2.8 p.p.) and the Philippines (+2.8 p.p.) significantly strengthened its position in terms of the total imports, while Vietnam saw its share reduced by -39.3% from 2012 to 2022, respectively.

In value terms, Vietnam ($X) constitutes the largest market for imported women's or girls' clothing (knitted or crocheted) in South-Eastern Asia, comprising 47% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 20% share of total imports. It was followed by Singapore, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam totaled -12.3%. In the other countries, the average annual rates were as follows: Indonesia (+27.4% per year) and Singapore (+0.2% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, picking up by 31% against the previous year. In general, the import price, however, showed a slight downturn. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+9.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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