Southern Asia: Men Swimwear Market 2025

Men Swimwear Market Size in Southern Asia

The South Asian men swimwear market was estimated at $X in 2021, therefore, remained relatively stable against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Men Swimwear Production in Southern Asia

In value terms, men swimwear production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the production volume increased by 20% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Men Swimwear Exports

Exports in Southern Asia

In 2021, shipments abroad of men’s swimwear (excluding of knitted or crocheted textiles) increased by 31% to X units, rising for the sixth year in a row after two years of decline. In general, exports recorded resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 39% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, men swimwear exports surged to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +83.0% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Bangladesh prevails in exports structure, finishing at X units, which was near 94% of total exports in 2021. Sri Lanka (X units) followed a long way behind the leaders.

Bangladesh was also the fastest-growing in terms of the men’s swimwear (excluding of knitted or crocheted textiles) exports, with a CAGR of +13.0% from 2012 to 2021. At the same time, Sri Lanka (+8.8%) displayed positive paces of growth. Bangladesh (+7.5 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) remains the largest men swimwear supplier in Southern Asia, comprising 89% of total exports. The second position in the ranking was held by Sri Lanka ($X), with an 8.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Bangladesh totaled +6.3%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, increasing by 1.6% against the previous year. Over the period under review, the export price, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2015 when the export price increased by 4.2% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sri Lanka ($X per unit), while Bangladesh totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+4.8%).

Men Swimwear Imports

Imports in Southern Asia

In 2021, purchases abroad of men’s swimwear (excluding of knitted or crocheted textiles) decreased by -17.2% to X units, falling for the third consecutive year after two years of growth. Overall, imports, however, recorded strong growth. The growth pace was the most rapid in 2018 with an increase of 198%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, men swimwear imports surged to $X in 2021. In general, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 308%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

India was the major importer of men’s swimwear (excluding of knitted or crocheted textiles) in Southern Asia, with the volume of imports accounting for X units, which was approx. 44% of total imports in 2021. Maldives (X units) ranks second in terms of the total imports with a 27% share, followed by Nepal (22%) and Pakistan (5.2%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Maldives (with a CAGR of +49.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest men swimwear importing markets in Southern Asia were Maldives ($X), India ($X) and Nepal ($X), with a combined 95% share of total imports.

Maldives, with a CAGR of +53.9%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, increasing by 150% against the previous year. Over the period under review, the import price showed a temperate expansion. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Maldives ($X per unit), while Nepal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Maldives (+3.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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