Ukraine: Men Knitwear Market 2024

Men Knitwear Market Size in Ukraine

The Ukrainian men knitwear market expanded sharply to $X in 2022, surging by 11% against the previous year. Over the period under review, consumption showed buoyant growth. Men knitwear consumption peaked in 2022 and is likely to see gradual growth in the near future.

Men Knitwear Production in Ukraine

In value terms, men knitwear production reached $X in 2022 estimated in export price. Over the period under review, production posted a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 2,161% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Men Knitwear Exports

Exports from Ukraine

In 2022, shipments abroad of men's or boys' clothing (knitted or crocheted) increased by 32% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 41% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, men knitwear exports surged to $X in 2022. Over the period under review, exports recorded perceptible growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), Lithuania (X units) and Spain (X units) were the main destinations of men knitwear exports from Ukraine, together accounting for 64% of total exports. Poland, France, Slovakia, Denmark, the United States, Turkey, Moldova, Italy and Latvia lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +145.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for men's or boys' clothing (knitted or crocheted) exports from Ukraine, comprising 55% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 20% share of total exports. It was followed by France, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +33.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+80.3% per year) and France (+138.7% per year).

Export Prices by Country

In 2022, the average men knitwear export price amounted to $X per unit, picking up by 12% against the previous year. Over the period under review, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 63%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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 Germany ($X per unit), while the average price for exports to Spain ($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 Lithuania (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Men Knitwear Imports

Imports into Ukraine

Men knitwear imports into Ukraine skyrocketed to X units in 2022, increasing by 17% against 2021 figures. In general, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2019 with an increase of 74% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, men knitwear imports contracted to $X in 2022. Over the period under review, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2017 when imports increased by 40%. Over the period under review, imports reached the maximum at $X in 2021, and then declined in the following year.

Imports by Country

Uzbekistan (X units), Turkey (X units) and China (X units) were the main suppliers of men knitwear imports to Ukraine, with a combined 79% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +86.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest men knitwear suppliers to Ukraine were China ($X), Turkey ($X) and Cambodia ($X), with a combined 66% share of total imports. Bangladesh, Uzbekistan and Vietnam lagged somewhat behind, together accounting for a further 23%.

Uzbekistan, with a CAGR of +74.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, declining by -25.1% against the previous year. In general, the import price continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2013 an increase of 18%. The import price peaked at $X per unit in 2016; however, from 2017 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 Vietnam ($X per unit), while the price for Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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