Non-Knitted Women Apparel Market

The article discusses the projected increase in demand for non-knitted women's apparel worldwide from 2022 to 2030. It highlights the expected growth in market volume to 16B units and market value to $275.6B by 2030. The analysis includes insights on consumption, production, imports, and exports of non-knitted women's clothing, with a focus on key countries such as China, the United States, and India. The article also covers trends in average import and export prices, as well as the fastest-growing exporting countries like China, Bangladesh, and Vietnam.

Market Forecast

Driven by increasing demand for women's or girls' clothing (not knitted or crocheted) worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.4% for the period from 2022 to 2030, which is projected to bring the market volume to 16B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.7% for the period from 2022 to 2030, which is projected to bring the market value to $275.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Women's Or Girls' Clothing (Not Knitted Or Crocheted)

In 2022, global non-knitted women apparel consumption dropped slightly to 14B units, shrinking by -2.9% on the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak volume of 17B units. From 2020 to 2022, the growth of the global consumption remained at a somewhat lower figure.

The global non-knitted women apparel market size declined modestly to $206.6B in 2022, which is down by -3.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Global consumption peaked at $252.5B in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (1.7B units), the United States (1.7B units) and India (805M units), together comprising 29% of global consumption. Pakistan, Nigeria, Indonesia, the UK, Germany, Brazil, France, Mexico, Japan and Ethiopia lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +9.4%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($28B) led the market, alone. The second position in the ranking was held by the United States ($13.6B). It was followed by Indonesia.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at -1.8%. In the other countries, the average annual rates were as follows: the United States (+0.9% per year) and Indonesia (+1.5% per year).

The countries with the highest levels of non-knitted women apparel per capita consumption in 2022 were the UK (5 units per person), the United States (5 units per person) and France (4.4 units per person).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Nigeria (with a CAGR of +6.6%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Women's Or Girls' Clothing (Not Knitted Or Crocheted)

Global non-knitted women apparel production fell modestly to 16B units in 2022, dropping by -3.9% on the year before. The total output volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 33% against the previous year. As a result, production attained the peak volume of 18B units. From 2020 to 2022, global production growth remained at a lower figure.

In value terms, non-knitted women apparel production reduced to $254.4B in 2022 estimated in export price. In general, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.7% against 2020 indices. The growth pace was the most rapid in 2019 when the production volume increased by 27% against the previous year. As a result, production reached the peak level of $344.7B. From 2020 to 2022, global production growth remained at a lower figure.

Production By Country

China (5.4B units) remains the largest non-knitted women apparel producing country worldwide, comprising approx. 34% of total volume. Moreover, non-knitted women apparel production in China exceeded the figures recorded by the second-largest producer, India (1.2B units), fivefold. The third position in this ranking was held by Bangladesh (1.1B units), with a 6.9% share.

In China, non-knitted women apparel production increased at an average annual rate of +1.9% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (-0.1% per year) and Bangladesh (+2.1% per year).

Imports

World Imports of Women's Or Girls' Clothing (Not Knitted Or Crocheted)

In 2022, approx. 6.7B units of women's or girls' clothing (not knitted or crocheted) were imported worldwide; surging by 14% on 2021 figures. The total import volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-knitted women apparel imports rose remarkably to $85.6B in 2022. The total import value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 15%. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports By Country

The United States represented the key importer of women's or girls' clothing (not knitted or crocheted) in the world, with the volume of imports accounting for 1.7B units, which was near 26% of total imports in 2022. Germany (526M units) ranks second in terms of the total imports with a 7.9% share, followed by Spain (7.7%), France (6.2%) and the UK (4.8%). Poland (280M units), Japan (255M units), the Netherlands (239M units), Italy (188M units), South Korea (146M units), Australia (134M units) and Canada (133M units) followed a long way behind the leaders.

The United States experienced a relatively flat trend pattern with regard to volume of imports of women's or girls' clothing (not knitted or crocheted). At the same time, South Korea (+26.4%), Poland (+14.3%), the Netherlands (+7.1%), Spain (+6.4%), Italy (+4.4%), France (+3.2%), Germany (+1.9%), Australia (+1.4%) and Canada (+1.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in the world, with a CAGR of +26.4% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, the UK (-3.0%) illustrated a downward trend over the same period. Poland (+2.9 p.p.), Spain (+2.7 p.p.) and South Korea (+1.9 p.p.) significantly strengthened its position in terms of the global imports, while the UK and the United States saw its share reduced by -3% and -3.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-knitted women apparel importing markets worldwide were the United States ($13.9B), Germany ($8B) and Spain ($5.7B), with a combined 32% share of global imports. France, Japan, the UK, the Netherlands, Italy, Poland, South Korea, Canada and Australia lagged somewhat behind, together accounting for a further 36%.

Poland, with a CAGR of +14.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average non-knitted women apparel import price amounted to $13 per unit, remaining relatively unchanged against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 4.2%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($18 per unit), while the United States ($8.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Women's Or Girls' Clothing (Not Knitted Or Crocheted)

In 2022, global non-knitted women apparel exports reached 8.3B units, increasing by 7.7% compared with the previous year. Overall, total exports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +7.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 39% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, non-knitted women apparel exports rose notably to $100.3B in 2022. The total export value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 24%. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports By Country

In 2022, China (3.8B units) represented the key exporter of women's or girls' clothing (not knitted or crocheted), committing 46% of total exports. Bangladesh (985M units) ranks second in terms of the total exports with a 12% share, followed by Turkey (4.8%) and India (4.5%). Spain (333M units), Vietnam (278M units), Germany (221M units), Cambodia (177M units), Poland (171M units), Myanmar (159M units) and the Netherlands (136M units) took a little share of total exports.

Exports from China increased at an average annual rate of +4.1% from 2012 to 2022. At the same time, Myanmar (+43.3%), Vietnam (+30.7%), Germany (+19.4%), Poland (+11.7%), the Netherlands (+10.8%), Spain (+9.2%), Turkey (+8.9%), Cambodia (+6.0%), Bangladesh (+5.9%) and India (+2.5%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in the world, with a CAGR of +43.3% from 2012-2022. Vietnam (+3 p.p.), Germany (+2 p.p.), Myanmar (+1.8 p.p.), Turkey (+1.7 p.p.) and Bangladesh (+1.6 p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($34.4B) remains the largest non-knitted women apparel supplier worldwide, comprising 34% of global exports. The second position in the ranking was taken by Bangladesh ($7.7B), with a 7.7% share of global exports. It was followed by Vietnam, with a 5.5% share.

In China, non-knitted women apparel exports increased at an average annual rate of +4.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (+10.0% per year) and Vietnam (+6.8% per year).

Export Prices By Country

In 2022, the average non-knitted women apparel export price amounted to $12 per unit, approximately reflecting the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 22% against the previous year. The global export price peaked at $18 per unit in 2017; however, from 2018 to 2022, the export prices remained at a 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 Germany ($23 per unit), while Cambodia ($5.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+3.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform