Bahrain: Men Knitwear Market 2024

Men Knitwear Market Size in Bahrain

In 2022, the Bahraini men knitwear market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption enjoyed a strong expansion. Men knitwear consumption peaked in 2022 and is expected to retain growth in years to come.

Men Knitwear Exports

Exports from Bahrain

In 2022, exports of men's or boys' clothing (knitted or crocheted) from Bahrain contracted markedly to X units, waning by X% on the year before. In general, exports faced a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, men knitwear exports dropped markedly to $X in 2022. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units), Saudi Arabia (X units) and Qatar (X units) were the main destinations of men knitwear exports from Bahrain, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for men's or boys' clothing (knitted or crocheted) exports from Bahrain, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports. It was followed by Kuwait, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2022, the average men knitwear export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then declined significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to India ($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 Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Men Knitwear Imports

Imports into Bahrain

In 2022, supplies from abroad of men's or boys' clothing (knitted or crocheted) was finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. In general, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, men knitwear imports skyrocketed to $X in 2022. Over the period under review, imports saw resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), India (X units) and Bangladesh (X units) were the main suppliers of men knitwear imports to Bahrain, together comprising X% of total imports. Turkey, Pakistan, Cambodia, Morocco and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), Turkey ($X) and Bangladesh ($X) were the largest men knitwear suppliers to Bahrain, together accounting for X% of total imports. India, Pakistan, Morocco, Cambodia and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Cambodia, with a CAGR of X%, recorded the highest rates of growth with regard to 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, increasing by X% against the previous year. Overall, the import price showed a buoyant expansion. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

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 Morocco ($X per unit), while the price for India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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