Uzbekistan: Men Knitwear Market 2025

Men Knitwear Market Size in Uzbekistan

In 2022, the Uzbek men knitwear market decreased by -51.5% to $X, falling for the third consecutive year after three years of growth. Over the period under review, consumption continues to indicate a deep reduction. Men knitwear consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Men Knitwear Production in Uzbekistan

In value terms, men knitwear production expanded to $X in 2022 estimated in export price. Over the period under review, production enjoyed a resilient increase. The growth pace was the most rapid in 2017 with an increase of 239%. Men knitwear production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Men Knitwear Exports

Exports from Uzbekistan

In 2022, shipments abroad of men's or boys' clothing (knitted or crocheted) increased by 26% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports posted a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 78%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, men knitwear exports surged to $X in 2022. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 48% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Russia (X units), Kyrgyzstan (X units) and Kazakhstan (X units) were the main destinations of men knitwear exports from Uzbekistan, together accounting for 95% of total exports.

From 2017 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +47.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for men's or boys' clothing (knitted or crocheted) exports from Uzbekistan, comprising 60% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 27% share of total exports. It was followed by Kazakhstan, with a 5.2% share.

From 2017 to 2022, the average annual rate of growth in terms of value to Russia amounted to +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+115.2% per year) and Kazakhstan (+32.5% per year).

Export Prices by Country

The average men knitwear export price stood at $X per unit in 2022, rising by 8.2% against the previous year. In general, export price indicated buoyant growth from 2017 to 2022: its price increased at an average annual rate of +10.4% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, men knitwear export price increased by +63.8% against 2017 indices. The pace of growth appeared the most rapid in 2019 an increase of 31% against the previous year. Over the period under review, the average export prices hit record highs 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 Ukraine ($X per unit), while the average price for exports to Kyrgyzstan ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+46.3%), while the prices for the other major destinations experienced more modest paces of growth.

Men Knitwear Imports

Imports into Uzbekistan

In 2022, supplies from abroad of men's or boys' clothing (knitted or crocheted) increased by 39% to X units, rising for the second year in a row after two years of decline. In general, total imports indicated prominent growth from 2017 to 2022: its volume increased at an average annual rate of +16.0% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 76% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, men knitwear imports soared to $X in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Turkey (X units) and South Korea (X units) were the main suppliers of men knitwear imports to Uzbekistan, with a combined 75% share of total imports.

From 2017 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +15,337.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest men knitwear suppliers to Uzbekistan were China ($X), Turkey ($X) and South Korea ($X), together accounting for 60% of total imports.

Among the main suppliers, South Korea, with a CAGR of +5,065.5%, recorded the highest growth rate of 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 16% against the previous year. Over the period under review, import price indicated prominent growth from 2017 to 2022: its price increased at an average annual rate of +12.1% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, men knitwear import price increased by +103.0% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 44% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+43.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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