Knitted jerseys and pullovers market in Estonia

Earlier Report Observations

The market volume for knitted jerseys and pullovers in Estonia fluctuated significantly between 2018 and 2024. It initially grew modestly to 2.7 million units in 2019 before dropping sharply to 2.1 million units in 2020, a decline likely driven by the COVID-19 pandemic's disruption to retail and consumer behavior. Recovery began in 2021, reaching 2.5 million units in 2022, though a dip to 2.2 million units occurred in 2023 before the market expanded again to 2.6 million units in 2024.

In value terms, the market followed a similar volatile path but with stronger rebounds. Starting at 22.6 million US dollars in 2018, it dipped slightly in 2019 and fell to 17.9 million in 2020. A pronounced recovery in 2021 pushed the value to 23.0 million, and growth continued to 26.6 million in 2022. After a contraction to 24.1 million in 2023, the market's value rose to 28.0 million in 2024, reflecting an overall increase in monetary terms over the period.

The Estonian market remained predominantly import-dependent throughout these years, with imports supplying the bulk of volume. This reliance on foreign supply chains contributed to the market's sensitivity to global disruptions and price movements, influencing both the physical volume and monetary value of knitted jerseys and pullovers available in the country.

Production knitted jerseys and pullovers in Estonia

In value, 2018-2021, K $ US

Estonia's production of knitted jerseys and pullovers declined for the third consecutive year. In 2021, output was valued at 2 131 K $ US, marking a 4.7% decrease compared to the previous year. From 2018 to 2021, production fell by 52.8%, which translates to an annualized decline of 22.2%.

Annual dynamics of production in Estonia in value, 2018-2021, K $ US

In kind, 2018-2021, K unit

Estonia's production volume of knitted jerseys and pullovers dropped for the third year in a row. In 2021, 82.2 K units were produced, down by 68.1% from 2020. Over the 2018-2021 period, production decreased by 77.4%, with a compound annual growth rate (CAGR) of -39.1%.

Annual dynamics of production in Estonia in kind, 2018-2021, K unit

Exports knitted jerseys and pullovers from Estonia

Exports in kind, K unit

After a two-year decline, the volume of knitted jerseys and pullovers exported from Estonia increased in 2021. Exports reached 615 K units, showing a strong rise of 23.3% from 2020. Between 2018 and 2021, exports decreased by 11.8%, equating to an annualized rate of -4.1%. The lowest volume was recorded in 2020 at 499 K units, with the largest decline of 15.6% also occurring that year.

Annual dynamics of product's exports from Estonia in kind, 2018-2021, K unit

From 2018 to 2021, Norway, Russia, and Sweden were the key destinations for Estonia's exports of knitted jerseys and pullovers in volume terms. Norway accounted for 23.5% of exports, Russia for 16.5%, and Sweden for 15.1%, together making up 55.1% of total flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Estonia in kind, 2018-2021

Exports in value, K $ US

Following a two-year decrease, the value of knitted jerseys and pullovers exported from Estonia rose in 2021. Exports totaled 13 537 K $ US, indicating a sharp increase of 32.0% compared to the prior year. From 2018 to 2021, exports grew by 4.6%, which corresponds to an annualized rate of 1.5%. The minimum value was recorded in 2020 at 10 253 K $ US, with the largest decline of 11.2% occurring in 2019.

Annual dynamics of product's exports from Estonia in value, 2018-2021, K $ US

In the period from 2018 to 2021, Norway, Sweden, and Latvia consistently remained the main destinations for Estonia's exports of knitted jerseys and pullovers in value terms. Norway represented 27.0% of exports, Sweden 16.4%, and Latvia 13.0%, together accounting for 56.4% of total flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Estonia in value, 2018-2021

Imports knitted jerseys and pullovers to Estonia

Imports in kind, K unit

After a two-year drop, the volume of knitted jerseys and pullovers imported into Estonia increased in 2021. Imports totaled 2 730 K units, up by 14.9% from 2020. Between 2018 and 2021, imports decreased by 9.3%, equating to an annualized rate of -3.2%. The lowest volume was recorded in 2020 at 2 375 K units, with the largest decline of 19.8% also occurring that year.

Annual dynamics of product's imports to Estonia in kind, 2018-2021, K unit

From 2018 to 2021, China, Bangladesh, and Poland were the leading suppliers of knitted jerseys and pullovers to Estonia in volume terms. China accounted for 28.2% of imports, Bangladesh for 25.2%, and Poland for 7.1%, jointly taking 60.5% of total imports.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Estonia in kind, 2018-2021

Imports in value, K $ US

Following a two-year reduction, the value of knitted jerseys and pullovers imported into Estonia increased in 2021. Imports amounted to 34 431 K $ US, representing a 32.7% rise compared to 2020. Over the 2018-2021 period, imports grew by 10.9%, with a compound annual growth rate (CAGR) of 3.5%. The minimum value was recorded in 2020 at 25 950 K $ US, with the largest decline of 13.9% also occurring that year.

Annual dynamics of product's imports to Estonia in value, 2018-2021, K $ US

Over the 2018-2021 period, China, Bangladesh, and Turkey made the biggest contributions to Estonia's imports of knitted jerseys and pullovers in value terms. China accounted for 28.6% of imports, Bangladesh for 15.4%, and Turkey for 6.1%, together representing 50.2% of total flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Estonia in value, 2018-2021