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Canada - Knitted Or Crocheted Fabrics - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Canada - Knitted Or Crocheted Fabrics - Market Analysis, Forecast, Size, Trends and Insights

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Sep 17, 2023

Significant Increase in Price of Knitted Fabric in Canada to $6,414 per Ton

Canada Knitted Fabric Import Price in June 2023

In June 2023, the knitted fabric price stood at $6,414 per ton (CIF, Canada), increasing by 5.2% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 20% m-o-m. The import price peaked at $7,985 per ton in November 2022; however, from December 2022 to June 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($8,917 per ton), while the price for Portugal ($4,441 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Korea (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Canada Knitted Fabric Import Prices By Country (USD Per Ton)
COUNTRYImport Price of Knitted Fabric in Canada (USD per ton)
Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023
United States8,5689,8329,5579,5549,33910,22011,0848,42310,9339,62511,05412,6998,917
South Korea7,5048,0526,8457,7257,0926,9227,2986,9637,1226,9197,6436,2698,517
China5,3245,8396,4486,4436,5475,7706,0015,3725,4705,4805,7405,0675,129
Israel4,7394,8065,32513,23413,50221,1587,6145,6025,3145,6665,7365,5554,837
Germany6,5157,16912,51012,64612,7406,8744,4865,52214,6498,1394,7717,5154,653
Portugal4,7834,1394,1474,10220,77816,6554,2004,0531,6894,1004,2974,3454,441
Average6,4187,4587,1727,4067,9437,9857,2526,4255,7716,8976,3396,0966,414

Canada Knitted Fabric Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was knitted or crocheted fabrics, of a width > 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread ($9,497 per ton), while the price for knitted or crocheted fabrics, of a width <= 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread ($4,174 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by knitted or crocheted pile fabrics (+4.0%), while the prices for the other products experienced mixed trend patterns.

Canada Knitted Fabric Imports

In June 2023, after five months of growth, there was significant decline in purchases abroad of knitted or crocheted fabrics, when their volume decreased by -28.5% to 2.3K tons. Over the period under review, imports recorded a noticeable contraction. The most prominent rate of growth was recorded in January 2023 with an increase of 40% m-o-m.

In value terms, knitted fabric imports dropped sharply to $15M (IndexBox estimates) in June 2023. Overall, imports recorded a perceptible setback. The most prominent rate of growth was recorded in March 2023 when imports increased by 51% month-to-month.

Canada Knitted Fabric Imports by Type

Warp knit fabrics, incl. those made on galloon knitting machines, of a width of > 30 cm (948 tons), fabrics, knitted or crocheted, of a width of > 30 cm (769 tons) and knitted or crocheted fabrics, of a width > 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread (325 tons) were the main products of knitted fabric imports to Canada, with a combined 87% share of total imports. These products were followed by knitted or crocheted pile fabrics, knitted or crocheted fabrics, of a width <= 30 cm and knitted or crocheted fabrics, of a width <= 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread, which together accounted for a further 13%.

From June 2022 to June 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by knitted or crocheted fabrics, of a width <= 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread (with a CAGR of +5.6%), while imports for the other products experienced more modest paces of growth.

In value terms, warp knit fabrics, incl. those made on galloon knitting machines, of a width of > 30 cm ($5.1M), fabrics, knitted or crocheted, of a width of > 30 cm ($5.1M) and knitted or crocheted fabrics, of a width > 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread ($3.1M) appeared to be the most imported types of knitted or crocheted fabrics in Canada, together accounting for 88% of total imports. These products were followed by knitted or crocheted pile fabrics, knitted or crocheted fabrics, of a width <= 30 cm and knitted or crocheted fabrics, of a width <= 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread, which together accounted for a further 12%.

Canada Knitted Fabric Imports by Country

In June 2023, China (1.1K tons) constituted the largest knitted fabric supplier to Canada, with a 47% share of total imports. Moreover, knitted fabric imports from China exceeded the figures recorded by the second-largest supplier, Portugal (276 tons), fourfold. the United States (230 tons) ranked third in terms of total imports with a 9.8% share.

From June 2022 to June 2023, the average monthly rate of growth in terms of volume from China amounted to -1.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Portugal (+7.6% per month) and the United States (-2.7% per month).

In value terms, China ($5.6M) constituted the largest supplier of knitted fabric to Canada, comprising 37% of total imports. The second position in the ranking was held by the United States ($2.1M), with a 14% share of total imports. It was followed by South Korea, with an 11% share.

From June 2022 to June 2023, the average monthly growth rate of value from China stood at -1.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (-2.4% per month) and South Korea (+1.2% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the knitted fabric market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 13911100 - Pile fabrics, terry fabrics, knitted or crocheted
  • Prodcom 13911910 - Knitted or crocheted fabrics (excluding pile fabrics)

Country coverage:

  • Canada

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Canada
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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