Men's knitted suits, jackets and trousers market in Spain

Earlier Report Observations

The market volume for men's knitted suits in Spain fluctuated between 33.3 million units in 2018 and 34.0 million units in 2021, with a notable contraction to 26.9 million units in 2020. In value terms, the market declined from $128.3 million in 2018 to $107.4 million in 2020, before recovering to $118.0 million in 2021.

Import volumes rose consistently from 60.6 million units in 2018 to a peak of 78.8 million in 2022, settling at 74.6 million by 2024. Exports followed a different path, increasing from 27.5 million units in 2018 to 35.3 million in 2021, then contracting to 22.7 million units in 2024.

By 2024, the market landscape was defined by leading domestic brands such as Emidio Tucci, Pedro del Hierro, and Adolfo Domínguez, which emphasized quality materials and design innovation. A significant shift occurred in purchasing behavior, with online sales accounting for 30% of global suit purchases, while fashion trends blended classic fabrics with contemporary styles like denim, influenced by global preferences for made-to-measure and semi-formal wear.

Production men's knitted suits, jackets and trousers in Spain

In value, 2017-2020, K $ US

Following two consecutive years of growth, Spain's production of men's knitted suits, jackets, and trousers experienced a decline. In 2020, the output was valued at 2 662 thousand US dollars, representing a significant 40.1% decrease compared to the previous year. Over the period from 2017 to 2020, production fell by 33.7%, with a compound annual growth rate (CAGR) of -12.8%. The peak value was recorded in 2019 at 4 446 thousand US dollars, while the largest annual increase occurred in 2018 at 6.0%.

Annual dynamics of production in Spain in value, 2017-2020, K $ US

In kind, 2017-2020, K unit

After two years of expansion, the production volume of men's knitted suits, jackets, and trousers in Spain contracted. In 2020, Spain produced 161.7 thousand units, marking a 27.2% decline year-over-year. From 2017 to 2020, production decreased by 17.1%, with a compound annual growth rate (CAGR) of -6.0%. The highest volume was achieved in 2019 at 222.2 thousand units, and the most substantial annual growth was observed in 2018 at 10.8%.

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

Exports men's knitted suits, jackets and trousers from Spain

Exports in kind, K unit

In 2020, Spain exported 24 821 thousand units of men's knitted suits, jackets, and trousers, which was 18.3% lower than in 2019. Over the 2017-2020 period, exports fell by 14.5%, with a compound annual growth rate (CAGR) of -5.1%. The maximum export volume was recorded in 2019 at 30 380 thousand units, and the largest annual increase also occurred in 2019 at 10.4%.

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

From 2017 to 2020, Spain's export portfolio for men's knitted suits, jackets, and trousers in volume terms was quite diverse. Italy accounted for 11.9% of exports, Portugal for 10.8%, and France for 8.9%. Together, these three countries represented only 31.7% of total export flows.

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

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

Exports in value, M $ US

After two years of growth, the value of men's knitted suits, jackets, and trousers exported from Spain declined. In 2020, exports amounted to 209.9 million US dollars, reflecting a sharp 19.9% drop from the previous year. Over the 2017-2020 period, exports decreased by 9.7%, with a compound annual growth rate (CAGR) of -3.3%. The highest export value was recorded in 2019 at 262.0 million US dollars, and the largest annual increase also occurred in 2019 at 12.3%.

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

During 2017-2020, Spain's exports of men's knitted suits, jackets, and trousers in value terms were relatively evenly distributed. Italy contributed 11.6% of export value, France 10.3%, and Portugal 8.1%. Collectively, these three partners accounted for only 30.0% of total export flows.

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

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

Imports men's knitted suits, jackets and trousers to Spain

Imports in kind, K unit

In 2020, Spain imported 51 588 thousand units of men's knitted suits, jackets, and trousers, showing a substantial 19.4% decrease compared to 2019. Over the 2017-2020 period, imports fell by 15.7%, with a compound annual growth rate (CAGR) of -5.5%. The peak import volume was in 2019 at 63 985 thousand units, and the largest annual increase also occurred in 2019 at 5.7%.

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

From 2017 to 2020, the primary sources for Spain's imports of men's knitted suits, jackets, and trousers in volume terms were China, accounting for 23.2% of imports, Pakistan at 20.2%, and Bangladesh at 16.7%. Together, these three countries represented 60.2% of total import flows.

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

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

Imports in value, M $ US

Following two years of increase, Spain's imports of men's knitted suits, jackets, and trousers in value terms declined. In 2020, imports totaled 314.6 million US dollars, which was 16.1% lower than the previous year. Over the 2017-2020 period, imports decreased by 11.4%, with a compound annual growth rate (CAGR) of -4.0%. The maximum import value was recorded in 2019 at 374.9 million US dollars, and the largest annual increase also occurred in 2019 at 4.9%.

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

In 2017-2020, Spain's import portfolio for men's knitted suits, jackets, and trousers in value terms was quite broad. Pakistan accounted for 16.8% of import value, China for 16.0%, and Turkey for 12.8%. Together, these three countries represented only 45.6% of total import flows.

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

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