ASEAN: Baby Garment Market 2024

Baby Garment Market Size in ASEAN

The ASEAN baby garment market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Baby Garment Production in ASEAN

In value terms, baby garment production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Baby Garment Exports

Exports in ASEAN

In 2022, the amount of babies garments and clothing accessories (knitted or crocheted) exported in ASEAN fell to X units, with a decrease of X% against the previous year. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, baby garment exports reduced to $X in 2022. Overall, exports, however, showed prominent growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Cambodia (X units) and Vietnam (X units) represented the major exporters of babies garments and clothing accessories (knitted or crocheted) in ASEAN, together creating X% of total exports. Indonesia (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%) and Myanmar (X%).

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

In value terms, Vietnam ($X), Cambodia ($X) and Indonesia ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports. Myanmar and Thailand lagged somewhat behind, together accounting for a further X%.

Myanmar, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, remaining relatively unchanged against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the export price figures.

Baby Garment Imports

Imports in ASEAN

In 2022, after four years of decline, there was significant growth in overseas purchases of babies garments and clothing accessories (knitted or crocheted), when their volume increased by X% to X units. In general, imports showed a notable expansion. The growth pace was the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, baby garment imports expanded markedly to $X in 2022. Over the period under review, imports enjoyed a noticeable increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X units) represented the key importer of babies garments and clothing accessories (knitted or crocheted), creating X% of total imports. Singapore (X units) ranks second in terms of the total imports with a X% share, followed by Thailand (X%) and Indonesia (X%). The following importers - Vietnam (X units) and the Philippines (X units) - together made up X% of total imports.

Imports into Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), the Philippines (X%), Thailand (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, Vietnam and Thailand increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest baby garment importing markets in ASEAN were Malaysia ($X), Singapore ($X) and Indonesia ($X), with a combined X% share of total imports. Thailand, Vietnam and the Philippines lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Vietnam, with a CAGR of X%, 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

The import price in ASEAN stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable decrease. The growth pace was the most rapid in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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