United Arab Emirates: Men Knitwear Market 2024

Men Knitwear Market Size in the United Arab Emirates

The men knitwear market in the United Arab Emirates rose significantly to $X in 2023, increasing by X% 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). Overall, consumption, however, recorded a noticeable downturn. Men knitwear consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Men Knitwear Exports

Exports from the United Arab Emirates

In 2023, men knitwear exports from the United Arab Emirates reached X units, rising by X% compared with the previous year. Over the period under review, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, men knitwear exports contracted to $X in 2023. Overall, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2022, and then dropped in the following year.

Exports by Country

Maldives (X units), Zimbabwe (X units) and the United States (X units) were the main destinations of men knitwear exports from the United Arab Emirates, with a combined X% share of total exports. Kazakhstan, Georgia, Turkey, the Netherlands, Malaysia, South Africa, Sri Lanka, Chile, Italy and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Chile (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the Netherlands ($X) and Georgia ($X) appeared to be the largest markets for men knitwear exported from the United Arab Emirates worldwide, together comprising X% of total exports. Zimbabwe, Maldives, the United States, Turkey, Kazakhstan, Chile, Germany, Malaysia, Sri Lanka and South Africa lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The average men knitwear export price stood at $X per unit in 2023, waning by X% against the previous year. In general, export price indicated a strong increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, men knitwear export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2022, and then fell in the following year.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to South Africa ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Men Knitwear Imports

Imports into the United Arab Emirates

In 2023, men knitwear imports into the United Arab Emirates was estimated at X units, rising by X% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at X units in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, men knitwear imports rose remarkably to $X in 2023. In general, imports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, China (X units) was the main men knitwear supplier to the United Arab Emirates, accounting for a X% share of total imports. It was followed by Turkey (X units), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of men's or boys' clothing (knitted or crocheted) to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from China totaled X%.

Import Prices by Country

In 2023, the average men knitwear import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2016 to 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform