United Kingdom - Men's Or Boys' Clothing (Knitted Or Crocheted) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMen Knitwear Price in the UK - 2023
Contents:
- Men Knitwear Price in the UK (CIF) - 2023
- Men Knitwear Price in the UK (FOB) - 2022
- Men Knitwear Imports in the UK
- Men Knitwear Exports in the UK
Men Knitwear Price in the UK (CIF) - 2023
The average men knitwear import price stood at $8.5 per unit in August 2023, rising by 6.5% against the previous month. Overall, the import price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 16% month-to-month. As a result, import price attained the peak level of $10.3 per unit. From January 2023 to August 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($14.3 per unit), while the price for India ($3.8 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Myanmar (+2.6%), while the prices for the other major suppliers experienced a decline.
Men Knitwear Price in the UK (FOB) - 2022
In 2022, the average men knitwear export price amounted to $23 per unit, with an increase of 11% against the previous year. Over the period under review, the export price showed a resilient increase. The pace of growth appeared the most rapid in 2018 an increase of 48%. 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 Italy ($43 per unit), while the average price for exports to Algeria ($12 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 Italy (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.
Men Knitwear Imports in the UK
In 2022, imports of men's or boys' clothing (knitted or crocheted) into the UK expanded sharply to 114M units, rising by 9.1% on the previous year's figure. The total import volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, men knitwear imports skyrocketed to $990M in 2022. The total import value increased at an average annual rate of +8.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Men Knitwear in the UK (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 138 | 111 | 154 | 206 | 14.3% |
Bangladesh | 63.1 | 58.3 | 88.5 | 129 | 26.9% |
Pakistan | 67.7 | 75.1 | 115 | 118 | 20.3% |
Cambodia | 52.8 | 49.3 | 44.5 | 117 | 30.4% |
Turkey | 30.6 | 39.4 | 60.3 | 88.6 | 42.5% |
Vietnam | 28.0 | 22.9 | 22.4 | 57.1 | 26.8% |
India | 22.6 | 22.0 | 29.0 | 32.7 | 13.1% |
Italy | 63.4 | 62.1 | 70.3 | 26.7 | -25.0% |
Myanmar | 15.7 | 7.1 | 16.9 | 22.4 | 12.6% |
Sri Lanka | 9.3 | 9.0 | 7.9 | 20.3 | 29.7% |
Netherlands | 94.3 | 114 | 48.5 | 7.8 | -56.4% |
Belgium | 74.8 | 76.5 | 40.9 | 1.0 | -76.3% |
Others | 120 | 117 | 155 | 163 | 10.7% |
Total | 780 | 763 | 854 | 990 | 8.3% |
Top Suppliers of Men Knitwear to the UK in 2022:
- Belgium (undefinedM units)
- Bangladesh (24.4M units)
- China (20.6M units)
- Pakistan (19.8M units)
- Cambodia (10.2M units)
- India (7.7M units)
- Turkey (7.3M units)
- Myanmar (6.4M units)
- Vietnam (4.5M units)
- Sri Lanka (2.1M units)
- Italy (0.8M units)
- Netherlands (0.4M units)
Men Knitwear Exports in the UK
Men knitwear exports from the UK contracted remarkably to 4.6M units in 2022, which is down by -35.1% against the previous year. Overall, exports recorded a precipitous shrinkage. The smallest decline of -10.5% was in 2020. The exports peaked at 16M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, men knitwear exports declined markedly to $106M in 2022. Over the period under review, exports showed a significant decrease. The smallest decline of -8.6% was in 2020. The exports peaked at $255M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Men Knitwear in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 10.8 | 9.2 | 11.1 | 11.5 | 2.1% |
Germany | 41.7 | 44.3 | 21.6 | 10.6 | -36.7% |
Ireland | 31.8 | 37.6 | 11.3 | 10.0 | -32.0% |
United States | 5.8 | 5.3 | 15.5 | 8.7 | 14.5% |
Italy | 17.3 | 14.0 | 8.2 | 7.7 | -23.6% |
Belgium | 7.7 | 6.7 | 7.9 | 6.5 | -5.5% |
France | 24.5 | 22.8 | 9.7 | 6.0 | -37.4% |
Australia | 33.0 | 5.7 | 5.1 | 3.5 | -52.7% |
Spain | 15.5 | 11.1 | 5.0 | 3.3 | -40.3% |
United Arab Emirates | 1.0 | 0.5 | 0.6 | 2.1 | 28.1% |
Poland | 9.5 | 8.5 | 4.4 | 2.1 | -39.5% |
Algeria | N/A | N/A | 2.1 | 1.1 | -47.6% |
Czech Republic | 3.2 | 3.5 | 0.7 | 0.3 | -54.6% |
Others | 53.1 | 63.7 | 43.7 | 32.1 | -15.4% |
Total | 255 | 233 | 147 | 106 | -25.4% |
Top Export Markets for Men Knitwear from the UK in 2022:
- Ireland (742.8K units)
- Germany (608.9K units)
- Belgium (545.5K units)
- Netherlands (517.5K units)
- France (290.8K units)
- Spain (263.0K units)
- United States (243.9K units)
- Italy (179.0K units)
- Poland (160.8K units)
- Algeria (91.3K units)
- United Arab Emirates (89.9K units)
- Australia (61.0K units)
- Czech Republic (31.8K units)
This report provides an in-depth analysis of the men knitwear market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 14131110 - Men
- Prodcom 14131120 - Men
- Prodcom 14131230 - Men
- Prodcom 14131260 - Men
- Prodcom 14131270 - Men
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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During the period analyzed, Men Knitwear imports peaked at 128M units in 2016. Subsequently, from 2017 to 2023, imports maintained a lower level. In terms of value, Men Knitwear imports dropped to $753M in 2023.
In March 2023, the price of men's knitwear was $7.5 per unit (CIF, United Kingdom), remaining stable compared to the previous month.