SADC: Men Knitwear Market 2024

Men Knitwear Market Size in SADC

The SADC men knitwear market dropped slightly to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption, however, continues to indicate a strong expansion. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Men Knitwear Production in SADC

In value terms, men knitwear production declined slightly to $X in 2022 estimated in export price. In general, production, however, saw a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Men Knitwear Exports

Exports in SADC

In 2022, shipments abroad of men's or boys' clothing (knitted or crocheted) increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, men knitwear exports reduced to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Madagascar (X units), Lesotho (X units) and South Africa (X units), together reaching X% of total export. It was distantly followed by Swaziland (X units), constituting a X% share of total exports. Mauritius (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Madagascar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest men knitwear supplying countries in SADC were South Africa ($X), Lesotho ($X) and Madagascar ($X), with a combined X% share of total exports.

Madagascar, with a CAGR of X%, saw 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

The export price in SADC stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the export price recorded a deep slump. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mauritius ($X per unit), while Madagascar ($X per unit) was amongst the lowest.

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

Men Knitwear Imports

Imports in SADC

In 2022, the amount of men's or boys' clothing (knitted or crocheted) imported in SADC shrank modestly to X units, declining by X% on the previous year's figure. Total imports indicated a moderate 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. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, men knitwear imports rose sharply to $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value 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. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

South Africa dominates imports structure, resulting at X units, which was near X% of total imports in 2022. It was distantly followed by Botswana (X units), achieving a X% share of total imports. The following importers - Tanzania (X units), Namibia (X units), Swaziland (X units) and Mauritius (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to men knitwear imports into South Africa stood at X%. At the same time, Namibia (X%), Tanzania (X%), Swaziland (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Botswana (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Namibia (X p.p.) and Tanzania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Botswana (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported men's or boys' clothing (knitted or crocheted) in SADC, comprising X% of total imports. The second position in the ranking was taken by Tanzania ($X), with an X% share of total imports. It was followed by Namibia, with an X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at X%. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Namibia (X% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Namibia ($X per unit), while South Africa ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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