Knitted track suits, ski suits and swimwear market in Italy

Earlier Report Observations

The market for knitted track suits, ski suits and swimwear in Italy saw its value increase from $346.3 million in 2018 to $369.7 million in 2019, before collapsing to $219.9 million in 2020. The sharp decline was primarily driven by the COVID-19 pandemic, which disrupted retail channels and consumer spending on apparel.

From 2022, the renewal of the National Collective Labor Agreement for the Textile and Clothing sector introduced updated worker protections, potentially affecting production costs. This period was marked by a significant contraction in domestic manufacturing output. Concurrently, a strong consumer shift toward sustainable and cruelty-free materials, alongside the adoption of digital innovations like augmented reality fitting and omnichannel sales, reshaped market dynamics. By 2024, the market value had further decreased to $155.5 million.

Production knitted track suits, ski suits and swimwear in Italy

In value, 2017-2020, M $ US

The market showed an unstable trend throughout the period. Production reached its lowest point in 2017, then peaked in 2019, with a 4.1-fold difference between these years. In 2020, Italy's output of knitted track suits, ski suits, and swimwear was valued at 112.4 million US dollars, marking a sharp year-over-year decline of 61.5%. The maximum value was recorded in 2019 at 291.6 million US dollars, while the largest increase occurred in 2018 with a 262.9% rise.

Annual dynamics of production in Italy in value, 2017-2020, M $ US

In kind, 2017-2020, K unit

The data reveals irregular changes, indicating a volatile market environment. Production varied significantly, hitting a low in 2017 and a high in 2018, with a 2.5-fold gap between these years. In 2020, Italy produced 4 127 thousand units of knitted track suits, ski suits, and swimwear, which was 53.7% lower than in 2019. The maximum value was recorded in 2018 at 8 958 thousand units, and the largest increase also occurred in 2018 with a 148.9% jump.

Annual dynamics of production in Italy in kind, 2017-2020, K unit

Exports knitted track suits, ski suits and swimwear from Italy

Exports in kind, K unit

In 2020, Italy's exports of knitted track suits, ski suits, and swimwear reached 12 854 thousand units, showing a solid drop of 25.0% compared to 2019. Between 2017 and 2020, exports decreased by 6.1%, equating to an annualized rate of 2.1%. The maximum value was recorded in 2019 at 17 146 thousand units, and the largest increase occurred in 2019 with a 27.7% rise.

Annual dynamics of product's exports from Italy in kind, 2017-2020, K unit

From 2017 to 2020, Italy's exports in kind of knitted track suits, ski suits, and swimwear were spread relatively evenly across partner countries. Croatia accounted for 12.5% of exports in kind, Germany for 11.8%, and Spain for 11.5%, with these three countries jointly making up only 35.8% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Italy in kind, 2017-2020

Exports in value, M $ US

After a two-year gain, Italy's exports of knitted track suits, ski suits, and swimwear declined. In 2020, Italy exported 151.8 million US dollars worth of these goods, corresponding to a substantial loss of 11.5% compared to 2019. Over the period from 2017 to 2020, exports increased by 5.4%, with a compound annual growth rate of 1.8%. The maximum value was recorded in 2019 at 171.6 million US dollars, and the largest increase occurred in 2019 with a 17.5% rise.

Annual dynamics of product's exports from Italy in value, 2017-2020, M $ US

From 2017 to 2020, Italy's exports in value terms were distributed across a wide set of partner countries. Germany accounted for 13.3% of exports in value terms, the United Kingdom for 11.9%, and France for 11.2%, with these three countries jointly accounting for just 36.4% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Italy in value, 2017-2020

Imports knitted track suits, ski suits and swimwear to Italy

Imports in kind, K unit

Italy imported approximately 39 228 thousand units of knitted track suits, ski suits, and swimwear in 2020, indicating a significant drop of 11.8% compared to 2019. Between 2017 and 2020, imports decreased by 4.2%, equating to an annualized rate of 1.4%. The maximum value was recorded in 2019 at 44 465 thousand units, and the largest increase occurred in 2019 with an 11.1% rise.

Annual dynamics of product's imports to Italy in kind, 2017-2020, K unit

From 2017 to 2020, the country breakdown of Italy's imports in kind remained scattered. China accounted for 20.7% of imports in kind, Croatia for 14.1%, and Sri Lanka for 11.2%, with these three countries together making up just 46.0% of total flows, and no single partner stood out as clearly dominant.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Italy in kind, 2017-2020

Imports in value, M $ US

Italy's imports of knitted track suits, ski suits, and swimwear increased for the third consecutive year. In 2020, imports stood at 259.3 million US dollars, representing a 3.9% increase over the past year. Between 2017 and 2020, imports increased by 12.9%, equating to an annualized rate of 4.1%.

Annual dynamics of product's imports to Italy in value, 2017-2020, M $ US

From 2017 to 2020, the country structure of Italy's imports in value terms remained highly diversified. China accounted for 18.7% of imports in value terms, France for 13.1%, and Cambodia for 7.4%, with these three countries together accounting for only 39.3% of total flows, while a long tail of smaller markets formed the remaining 60.7%.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Italy in value, 2017-2020