Tunisia: Men Knitwear Market 2024

Men Knitwear Market Size in Tunisia

After two years of growth, the Tunisian men knitwear market decreased by -24.5% to $X in 2022. In general, consumption, however, enjoyed a resilient expansion. As a result, consumption reached the peak level of $X, and then plummeted in the following year.

Men Knitwear Production in Tunisia

In value terms, men knitwear production fell to $X in 2022 estimated in export price. In general, production, however, posted a significant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 292%. Men knitwear production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Men Knitwear Exports

Exports from Tunisia

In 2022, shipments abroad of men's or boys' clothing (knitted or crocheted) was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a buoyant expansion. The growth pace was the most rapid in 2019 when exports increased by 110% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, men knitwear exports skyrocketed to $X in 2022. Over the period under review, exports recorded perceptible growth. The growth pace was the most rapid in 2016 with an increase of 104% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X units) was the main destination for men knitwear exports from Tunisia, accounting for a 45% share of total exports. Moreover, men knitwear exports to Italy exceeded the volume sent to the second major destination, the UK (X units), fourfold. The third position in this ranking was held by Germany (X units), with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+31.3% per year) and Germany (+22.5% per year).

In value terms, Italy ($X) remains the key foreign market for men's or boys' clothing (knitted or crocheted) exports from Tunisia, comprising 33% of total exports. The second position in the ranking was taken by Germany ($X), with a 16% share of total exports. It was followed by the UK, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+27.6% per year) and the UK (+31.0% per year).

Export Prices by Country

In 2022, the average men knitwear export price amounted to $X per unit, picking up by 1.7% against the previous year. In general, the export price, however, saw a abrupt setback. The pace of growth was the most pronounced in 2021 when the average export price increased by 7.8% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Men Knitwear Imports

Imports into Tunisia

In 2022, supplies from abroad of men's or boys' clothing (knitted or crocheted) decreased by -63.3% to X units for the first time since 2017, thus ending a four-year rising trend. In general, imports saw a drastic downturn. The growth pace was the most rapid in 2020 when imports increased by 154% against the previous year. Imports peaked at X units in 2021, and then declined sharply in the following year.

In value terms, men knitwear imports declined significantly to $X in 2022. Overall, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 when imports increased by 144% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Portugal (X units), Turkey (X units) and China (X units) were the main suppliers of men knitwear imports to Tunisia, together accounting for 59% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +37.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Portugal ($X) and Spain ($X) appeared to be the largest men knitwear suppliers to Tunisia, with a combined 60% share of total imports. Hong Kong SAR, China, Bangladesh, the United States, Italy, France and the Netherlands lagged somewhat behind, together comprising a further 28%.

In terms of the main suppliers, the Netherlands, with a CAGR of +28.1%, recorded the highest rates of growth with regard to 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 2022, the average men knitwear import price amounted to $X per unit, growing by 18% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 58% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform