ASEAN: Men Swimwear Market 2024

Men Swimwear Market Size in ASEAN

The ASEAN men swimwear market soared to $X in 2023, increasing by X% against the previous year. The total consumption indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2023 and is expected to retain growth in the immediate term.

Men Swimwear Production in ASEAN

In value terms, men swimwear production rose notably to $X in 2023 estimated in export price. In general, production showed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Men Swimwear Exports

Exports in ASEAN

After two years of growth, shipments abroad of mens swimwear (excluding of knitted or crocheted textiles) decreased by X% to X units in 2023. In general, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X units in 2022, and then declined remarkably in the following year.

In value terms, men swimwear exports shrank rapidly to $X in 2023. Overall, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2022, and then declined significantly in the following year.

Exports by Country

In 2023, Vietnam (X units) was the key exporter of mens swimwear (excluding of knitted or crocheted textiles), making up X% of total exports. Indonesia (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Cambodia (X%) and Myanmar (X%). Singapore (X units) held a minor share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Myanmar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Cambodia ($X) were the countries with the highest levels of exports in 2023, together accounting for X% of total exports. Myanmar and Singapore lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Singapore, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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 ASEAN stood at $X per unit in 2023, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2023, the export prices remained at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Men Swimwear Imports

Imports in ASEAN

After two years of growth, purchases abroad of mens swimwear (excluding of knitted or crocheted textiles) decreased by X% to X units in 2023. Overall, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2023, the growth of imports failed to regain momentum.

In value terms, men swimwear imports rose modestly to $X in 2023. Over the period under review, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

The countries with the highest levels of men swimwear imports in 2023 were Thailand (X units), Malaysia (X units) and Singapore (X units), together accounting for X% of total import. The Philippines (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%). Myanmar (X units) followed a long way behind the leaders.

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

In value terms, the largest men swimwear importing markets in ASEAN were Thailand ($X), Singapore ($X) and Malaysia ($X), together comprising X% of total imports. The Philippines, Indonesia and Myanmar lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per unit, with an increase of X% against the previous year. Import price indicated a notable 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 swimwear import price decreased by X% against 2021 indices. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2021; however, from 2022 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform