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

IndexBox has just published a new report "World: Knitted Or Crocheted Fabrics - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

Global knitted fabric imports amounted to 1.1M tonnes in 2016, growing by 2% against the previous year figure. The total import volume increased at an average annual rate of +1.5% from 2007 to 2016- the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2010, an increase of 14% y-o-y. Global knitted fabric import peaked of 1.1M tonnes in 2011- afterwards, it flattened through to 2016.

In value terms, knitted fabric imports stood at $3.3B in 2016. The total import value increased at an average annual rate of +1.9% over the period from 2007 to 2016- the trend pattern indicated some noticeable fluctuations in certain years. In that year, global knitted fabric imports attained its maximum level of $3.5B. From 2012 to 2016, growth of global knitted fabric imports failed to regain its strength.

Top Knitted Fabric Importing Countries in the World

1. Cambodia (285.6 million USD)

2. Mexico (216.6 million USD)

3. China (181.8 million USD)

4. Bangladesh (181.6 million USD)

5. Viet Nam (170.2 million USD)

6. Jordan (150.0 million USD)

7. Turkey (147.8 million USD)

8. USA (124.8 million USD)

9. Brazil (91.7 million USD)

10. Malaysia (74.2 million USD)

11. Russia (54.3 million USD)

12. South Korea (21.8 million USD)

Knitted Fabric Imports By Country

China (452K tonnes) was the main importing country with an import of about 452K tonnes, which recorded 42% of total imports. Mexico (57K tonnes) occupied a 5% share (based on tonnes) of global knitted fabric imports, which put it in second place, following South Korea (5%). Cambodia (41K tonnes), Brazil (28K tonnes), Bangladesh (28K tonnes), the U.S. (26K tonnes), Turkey (24K tonnes), Viet Nam (22K tonnes), Jordan (20K tonnes), Russia (19K tonnes), and Malaysia (19K tonnes) followed a long way behind this figure.

China experienced a relatively flat trend pattern. At the same time, Brazil (+22.1%), Bangladesh (+21.1%), Turkey (+15.2%), Cambodia (+8.3%), Viet Nam (+2.8%), South Korea (+1.3%), and Mexico (+1.3%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest growing importer/exporter in the world, with a CAGR of +22.1% from 2007-2016. Malaysia, and Jordan experienced a relatively flat trend pattern. By contrast, Russia (-2.0%), and the U.S. (-2.1%) illustrated a downward trend over the same period. Turkey (-1.6%), Cambodia (-2.0%), Bangladesh (-2.1%), and Brazil (-2.2%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cambodia ($286M), Mexico ($217M) and China ($182M) appeared as the countries with the highest levels of imports in 2016, with a combined 20% share of global imports.Bangladesh, Viet Nam, Jordan, Turkey, the U.S., Brazil, Malaysia, Russia and South Korea lagged somewhat behind, together accounting for a further 30%.

Bangladesh (+31.0% per year) recorded the highest growth rate of knitted fabric imports, among the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Knitted Fabric Import Prices By Country

In 2016, the average import price for knitted fabric amounted to $3,114 per tonne, reducing by -2.5% against the previous year. In general, knitted fabric import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, an increase of 15% year-to-year. Global knitted fabric import peaked of $3,365 per tonne in 2014- however, from 2015 to 2016, it failed to regain its strength.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was Viet Nam ($7,741 per tonne), while China ($402 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of knitted fabric import prices was attained by Bangladesh (+8.2% per year), while the other global leaders experienced more modest paces of growth.

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