Women Knitwear Market in Myanmar
In value terms, women knitwear production totaled $ in estimated in export price. Over the period under review, production recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by % against the previous year. As a result, production reached the peak level of $. From to , production growth remained at a lower figure.
The revenue of the women knitwear market in Myanmar surged to $ in , jumping by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a temperate expansion from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Women knitwear consumption peaked at $ in 2019; however, from to , consumption failed to regain momentum.