Men's knitted swimwear market in Spain

Earlier Report Observations

The market volume for men's knitted swimwear in Spain held steady at approximately 3.6 million units in 2018 and 2019. A significant contraction followed, with volume falling to 3.1 million units in 2020 and then to 2.3 million units in 2021.

A sharp rebound occurred in 2022, lifting the market volume by 50% to 3.4 million units. This growth was primarily driven by increased demand for men's and children's swimwear, spurred by more family holidays and water activities, alongside the introduction of sustainable collections using recycled materials. After a dip to 2.8 million units in 2023, the market recovered to 3.0 million units in 2024, supported by the ongoing expansion of the men's segment and the influence of global fitness and active fashion trends.

Production men's knitted swimwear in Spain

In value, 2017-2020, K $ US

Spain's production of men's knitted swimwear in monetary terms declined after two years of growth. In 2019, output reached its peak at 7 823 K $ US. However, by 2020, production had contracted sharply to 3 152 K $ US, representing a year-over-year decrease of 59.7%. Over the period from 2017 to 2020, production fell by 47%, which translates to an annualized decline rate of 19.1%. The largest increase occurred in 2018, with a growth of 21.9%.

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

In kind, 2017-2020, K unit

Spain's production volume of men's knitted swimwear declined for the second consecutive year. In 2018, production peaked at 476.6 K units, with a modest increase of 1.6% that year. By 2020, output had dropped to 263.4 K units, marking a steep year-over-year decline of 43.0%. From 2017 to 2020, production decreased by 43.9%, equivalent to a compound annual growth rate (CAGR) of -17.5%.

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

Exports men's knitted swimwear from Spain

Exports in kind, K unit

Spain's export volume of men's knitted swimwear fell for the second year in a row. In 2018, exports reached their highest level at 795 K units, with a significant increase of 34.4% that year. By 2020, exports had decreased to 467 K units, indicating a sharp year-over-year drop of 34.2%. Over the period from 2017 to 2020, exports declined by 21%, corresponding to an annualized rate of -7.6%.

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

From 2017 to 2020, France, Italy, and Portugal were the key partners for Spain's exports of men's knitted swimwear in volume terms. France accounted for 31.1% of exports, Italy for 20.8%, and Portugal for 14.8%. Together, these three countries represented 66.8% 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, K $ US

Spain's export value of men's knitted swimwear declined for the second consecutive year. In 2018, exports peaked at 6 338 K $ US, with a substantial increase of 49.9% that year. By 2020, exports had fallen to 3 357 K $ US, down by 37.6% compared to the previous year. From 2017 to 2020, exports decreased by 20.6%, equating to an annualized decline rate of 7.4%.

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

Between 2017 and 2020, France, Italy, and Portugal consistently held leading positions in Spain's export structure by value. France represented 32.4% of exports, Italy 15.6%, and Portugal 13.3%. Collectively, these three countries accounted for 61.3% 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 swimwear to Spain

Imports in kind, K unit

Spain's import volume of men's knitted swimwear declined for the second year in a row. In 2018, imports reached their maximum at 3 905 K units, with an increase of 9.2% that year. By 2020, imports had decreased, down by 14.7% compared to 2019. Over the period from 2017 to 2020, imports fell by 8.1%, corresponding to a compound annual growth rate (CAGR) of -2.8%.

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

From 2017 to 2020, China, Tunisia, and Bangladesh dominated Spain's import structure for men's knitted swimwear in volume terms. China accounted for 49.0% of imports, Tunisia for 12.7%, and Bangladesh for 8.0%. Together, these three countries made up 69.7% 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, K $ US

Spain's import value of men's knitted swimwear declined for the third consecutive year. In 2020, imports amounted to 13 378 K $ US, representing a year-over-year decrease of 16.1%. Over the period from 2017 to 2020, imports fell by 22.1%, equivalent to a compound annual growth rate (CAGR) of -8.0%.

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

Between 2017 and 2020, China, Italy, and Tunisia accounted for the largest share of Spain's imports of men's knitted swimwear by value. China represented 35.8% of imports, Italy 14.7%, and Tunisia 13.6%. Collectively, these three countries comprised 64.0% 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