China: Knitted Fabric Market 2024

Knitted Fabric Market Size in China

In 2022, the Chinese knitted fabric market decreased by X% to $X, falling for the fourth consecutive year after seven years of growth. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2018 indices. Knitted fabric consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Knitted Fabric Production in China

In value terms, knitted fabric production expanded slightly to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Knitted Fabric Exports

Exports from China

In 2022, the amount of knitted or crocheted fabrics exported from China totaled X tons, rising by X% on the previous year's figure. Over the period under review, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, knitted fabric exports expanded slightly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons), India (X tons) and Cambodia (X tons) were the main destinations of knitted fabric exports from China, together comprising X% of total exports. Brazil, Indonesia, Uzbekistan, Mexico, the United States, Morocco, Argentina, the United Arab Emirates, Turkey and Myanmar lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the key foreign market for knitted or crocheted fabrics exports from China, comprising X% of total exports. The second position in the ranking was held by Cambodia ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the average knitted fabric export price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price showed a slight reduction. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced a decline.

Knitted Fabric Imports

Imports into China

In 2022, imports of knitted or crocheted fabrics into China reduced to X tons, waning by X% against 2021 figures. Over the period under review, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, knitted fabric imports shrank to $X in 2022. Overall, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X tons), Vietnam (X tons) and South Korea (X tons) were the main suppliers of knitted fabric imports to China, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest knitted fabric suppliers to China were Taiwan (Chinese) ($X), Japan ($X) and South Korea ($X), with a combined X% share of total imports. Vietnam, Italy, Thailand and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average knitted fabric import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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