Which Country Exports the Most Knitted Or Crocheted Fabrics in the World?

Knitted and Crocheted Fabrics May 28, 2018
Author: Anna Sergeeva
Market Analyst

In 2016, approx. 599K tonnes of knitted fabric were exported worldwide; growing by 39% against the previous year figure. Overall, it indicated a strong expansion from 2007 to 2016: the total exports volume increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, knitted fabric exports increased by +88.0% against its level of 2009. The growth pace was the most rapid in 2016, an increase of 39% year-to-year. In that year, global knitted fabric exports attained its maximum volume, and are likely to continue its growth in the immediate term.

In value terms, knitted fabric exports amounted to $4.1B in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total exports value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, knitted fabric exports decreased by -5.0% against its level of 2014. Global knitted fabric export peaked of $4.3B in 2014; however, from 2015 to 2016, it failed to regain its strength.

Top Knitted Fabric Exporting Countries in the World

1. China (2,916.1 million USD)

2. South Korea (231.6 million USD)

3. USA (154.0 million USD)

4. Malaysia (104.0 million USD)

5. Italy (83.2 million USD)

Knitted Fabric Exports By Country

China (452K tonnes) dominates in knitted fabric exports structure, accounting for 452K tonnes, which was near 76% of total exports in 2016. It was distantly followed by South Korea (28K tonnes), constituting 5% share of total knitted fabric exports. Malaysia (17K tonnes), the U.S. (16K tonnes), and Italy (10K tonnes) followed a long way behind this figure.

China was also the fastest growing in terms of the knitted fabric exports, with a CAGR of +15.7% from 2007 to 2016. At the same time, Malaysia (+1.7%) displayed positive paces of growth. By contrast, the U.S. (-1.0%), Italy (-2.2%), and South Korea (-3.6%) illustrated a downward trend over the same period. While the share of South Korea (2%) increased significantly, the share of China (-55.2%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($2.9B) remains the largest knitted fabric supplier in the world, making up 71% of global exports. The second position in the ranking was occupied by South Korea ($232M), with the share of 6% of global exports. It was followed by the U.S., with the share of 4%.

From 2007 to 2016, the average annual rate of growth in terms of value of knitted fabric exports in China expanded at +12.1%. The remaining exporting countries recorded the following average annual rates: South Korea (-2.2% per year) and the U.S. (-2.7% per year).

Knitted Fabric Export Prices By Country

The average knitted fabric export price stood at $6,811 per tonne in 2016, descending by -30.2% against the previous year. Overall, knitted fabric export price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2011, when export increased by 24% y-o-y. In that year, average knitted fabric export price attained its maximum level of $11 per kg. From 2012 to 2016, growth of average knitted fabric export price stood at a somewhat lower level.

Export prices varied noticeably by country of destination. the country with the highest export prices was the U.S. ($9,944 per tonne), while Malaysia ($6,216 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of knitted fabric export prices was attained by South Korea (+1.4% per year), while the other global leaders experienced a decline in the export price figures.

Do you want to know more about global knitted fabric market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • knitted fabric market share
  • knitted fabric prices
  • knitted fabric industry
  • knitted fabric sales
  • knitted fabric import
  • knitted fabric export
  • knitted fabric market forecast
  • knitted fabric price forecast
  • key knitted fabric producers

All data provided in this article covers the following product: HS Code 6001 - Fabrics; pile fabrics, including long pile fabrics and terry fabrics, knitted or crocheted.

Source: World: Knitted Or Crocheted Fabrics - Market Report. Analysis and Forecast to 2025