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

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May 26, 2023

China's Knitted Fabric Export Increases Significantly to $2B in March 2023

China Knitted Fabric Exports

Knitted fabric exports from China soared to 376K tons in March 2023, picking up by 147% against the month before. Overall, total exports indicated a slight increase from March 2022 to March 2023: its volume increased at an average monthly rate of +1.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, exports decreased by -1.2% against January 2023 indices.

In value terms, knitted fabric exports skyrocketed to $2B (IndexBox estimates) in March 2023. In general, exports continue to indicate a slight expansion.

COUNTRY	Export Value of Knitted Fabric in China (million USD)
COUNTRY	Mar 2022	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023
Vietnam	496	612	647	481	428	456	433	444	392	376	298	346	566
Cambodia	191	251	237	185	173	154	131	105	112	117	139	74.0	186
Bangladesh	179	202	239	137	148	152	142	124	120	96.7	140	57.4	162
Myanmar	83.4	124	103	97.2	78.9	79.5	64.7	59.2	54.4	43.8	66.6	27.9	81.7
Indonesia	99.8	92.7	112	86.3	68.6	74.7	80.1	57.9	55.0	65.3	63.3	33.6	77.8
India	60.2	80.2	95.9	119	114	80.7	73.5	69.4	73.5	76.5	95.2	21.2	74.6
Nigeria	22.4	23.5	28.5	26.4	25.8	23.4	20.7	26.6	19.5	36.5	34.4	9.9	61.9
Philippines	53.9	53.9	66.9	56.3	59.8	41.3	36.8	41.6	45.7	48.3	43.8	28.1	53.1
Mexico	31.9	70.6	69.2	85.8	72.2	57.1	54.3	55.0	55.3	39.0	46.5	9.6	38.4
Egypt	27.2	42.0	69.7	76.2	77.2	76.3	50.0	33.4	35.9	32.8	42.1	14.4	37.0
United States	26.5	35.8	43.0	39.0	34.0	26.3	22.4	25.8	27.5	23.6	37.7	10.2	33.0
Brazil	16.4	19.1	30.9	37.5	49.0	48.8	40.9	38.4	38.4	39.4	46.9	11.3	31.8
Russia	11.4	14.0	22.9	24.6	37.2	43.3	36.9	28.0	29.2	30.2	36.6	19.3	27.4
Others	521	624	731	786	832	787	738	636	635	606	757	287	618
Total	1,819	2,244	2,496	2,238	2,198	2,100	1,924	1,745	1,694	1,631	1,848	950	2,049

Exports by Country

Vietnam (73K tons) was the main destination for knitted fabric exports from China, with a 19% share of total exports. Moreover, knitted fabric exports to Vietnam exceeded the volume sent to the second major destination, Bangladesh (30K tons), twofold. The third position in this ranking was held by Cambodia (29K tons), with a 7.8% share.

From March 2022 to March 2023, the average monthly rate of growth in terms of volume to Vietnam amounted to +1.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Bangladesh (+0.3% per month) and Cambodia (+0.6% per month).

In value terms, Vietnam ($566M) remains the key foreign market for knitted fabric exports from China, comprising 28% of total exports. The second position in the ranking was held by Cambodia ($186M), with a 9.1% share of total exports. It was followed by Bangladesh, with a 7.9% share.

From March 2022 to March 2023, the average monthly rate of growth in terms of value to Vietnam stood at +1.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Cambodia (-0.2% per month) and Bangladesh (-0.8% per month).

Exports by Type

Fabrics, knitted or crocheted, of a width of > 30 cm (173K tons), knitted or crocheted pile fabrics (111K tons) and knitted or crocheted fabrics, of a width > 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread (65K tons) were the main products of knitted fabric exports from China, together accounting for 93% of total exports.

From March 2022 to March 2023, the biggest increases were in knitted or crocheted pile fabrics (with a CAGR of +1.9%), while shipments for the other products experienced more modest paces of growth.

In value terms, fabrics, knitted or crocheted, of a width of > 30 cm ($1B) remains the largest type of knitted fabric exported from China, comprising 51% of total exports. The second position in the ranking was held by knitted or crocheted pile fabrics ($480M), with a 23% share of total exports. It was followed by knitted or crocheted fabrics, of a width > 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread, with a 19% share.

From March 2022 to March 2023, the average monthly rate of growth in terms of the export volume of fabrics, knitted or crocheted, of a width of > 30 cm totaled +1.5%. With regard to the other exported products, the following average monthly rates of growth were recorded: knitted or crocheted pile fabrics (+0.8% per month) and knitted or crocheted fabrics, of a width > 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread (+0.2% per month).

Export Prices by Country

In March 2023, the knitted fabric price amounted to $5,447 per ton (FOB, China), which is down by -12.5% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 when the average export price increased by 28% month-to-month. As a result, the export price reached the peak level of $6,228 per ton, and then contracted in the following month.

There were significant differences in the average prices for the major overseas markets. In March 2023, the country with the highest price was Nigeria ($8,896 per ton), while the average price for exports to Brazil ($2,613 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the knitted fabric market in China. 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:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
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
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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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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

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

China's Knitted Fabric Export Increases Significantly to $2B in March 2023

China Knitted Fabric Exports

Exports by Country

Exports by Type

Export Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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