U.S. - Men's Or Boys' Clothing (Knitted Or Crocheted) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMen Knitwear Price in the United States - 2023
Contents:
- Men Knitwear Price in the United States (CIF) - 2023
- Men Knitwear Price in the United States (FOB) - 2023
- Men Knitwear Imports in the United States
- Men Knitwear Exports in the United States
Men Knitwear Price in the United States (CIF) - 2023
In September 2023, the average men knitwear import price amounted to $5.8 per unit, standing approximately at the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 an increase of 6.2% m-o-m. The import price peaked at $6.6 per unit in October 2022; however, from November 2022 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Jordan ($8.7 per unit), while the price for China ($3.5 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Honduras (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Men Knitwear Price in the United States (FOB) - 2023
The average men knitwear export price stood at $7.5 per unit in September 2023, rising by 9.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.7%. The growth pace was the most rapid in July 2023 when the average export price increased by 56% month-to-month. The export price peaked in September 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($11.9 per unit), while the average price for exports to Guatemala ($1.5 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Men Knitwear Imports in the United States
In 2022, imports of men's or boys' clothing (knitted or crocheted) into the United States was estimated at 843M units, almost unchanged from 2021. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +9.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, men knitwear imports skyrocketed to $4.4B in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 54% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Men Knitwear in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 652 | 625 | 824 | 985 | 14.7% |
| China | 597 | 304 | 531 | 569 | -1.6% |
| Cambodia | 214 | 168 | 247 | 366 | 19.6% |
| Bangladesh | 162 | 166 | 315 | 358 | 30.3% |
| Jordan | 276 | 225 | 312 | 335 | 6.7% |
| Honduras | 207 | 144 | 195 | 250 | 6.5% |
| Indonesia | 167 | 133 | 207 | 239 | 12.7% |
| Pakistan | 93.7 | 78.2 | 185 | 235 | 35.9% |
| Egypt | 131 | 119 | 189 | 198 | 14.8% |
| El Salvador | 96.4 | 81.8 | 126 | 134 | 11.6% |
| India | 61.3 | 35.9 | 80.3 | 106 | 20.0% |
| Thailand | 93.9 | 56.1 | 79.8 | 82.8 | -4.1% |
| Others | 408 | 315 | 474 | 550 | 10.5% |
| Total | 3,159 | 2,451 | 3,766 | 4,409 | 11.8% |
Top Suppliers of Men Knitwear to the United States in 2022:
- Vietnam (166.0M units)
- China (131.4M units)
- Bangladesh (90.3M units)
- Cambodia (61.1M units)
- Egypt (58.6M units)
- Pakistan (51.6M units)
- Honduras (49.4M units)
- Jordan (48.7M units)
- Indonesia (47.1M units)
- India (23.3M units)
- El Salvador (23.1M units)
- Thailand (14.3M units)
Men Knitwear Exports in the United States
In 2022, approx. 29M units of men's or boys' clothing (knitted or crocheted) were exported from the United States; jumping by 35% on the previous year's figure. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 36%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, men knitwear exports surged to $193M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.9% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Men Knitwear in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 55.2 | 48.2 | 61.4 | 70.2 | 8.3% |
| Mexico | 15.4 | 14.8 | 27.3 | 43.6 | 41.5% |
| China | 3.9 | 4.6 | 6.6 | 13.0 | 49.4% |
| South Korea | 6.3 | 6.5 | 5.6 | 8.2 | 9.2% |
| United Kingdom | 3.5 | 3.9 | 4.4 | 7.8 | 30.6% |
| Japan | 5.1 | 3.8 | 6.8 | 6.7 | 9.5% |
| Israel | 2.5 | 1.2 | 1.8 | 3.6 | 12.9% |
| Australia | 4.7 | 2.3 | 1.9 | 2.8 | -15.9% |
| Belgium | 2.1 | 1.5 | 0.9 | 1.8 | -5.0% |
| Costa Rica | 0.5 | 0.3 | 0.6 | 0.8 | 17.0% |
| Guatemala | 0.3 | 0.2 | 0.5 | 0.8 | 38.7% |
| Poland | 0.1 | N/A | 0.1 | 0.7 | 91.3% |
| El Salvador | 1.7 | 0.2 | 0.2 | 0.3 | -43.9% |
| Others | 25.9 | 22.2 | 25.8 | 32.6 | 8.0% |
| Total | 127 | 110 | 144 | 193 | 15.0% |
Top Export Markets for Men Knitwear from the United States in 2022:
- Canada (7.1M units)
- Mexico (7.0M units)
- China (2.5M units)
- United Kingdom (1.2M units)
- Japan (0.9M units)
- South Korea (0.8M units)
- Australia (0.7M units)
- Costa Rica (0.6M units)
- Guatemala (0.6M units)
- Israel (0.5M units)
- Poland (0.5M units)
- Belgium (0.5M units)
- El Salvador (0.3M units)
This report provides an in-depth analysis of the men knitwear market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 14131110 - Men
- Prodcom 14131120 - Men
- Prodcom 14131230 - Men
- Prodcom 14131260 - Men
- Prodcom 14131270 - Men
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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