Key Market Indicators
Armenia's fabric import is forecast to reach around $18 million by 2026, up 2.6% year-on-year on average. Since 2002, demand for fabric in the country has risen 3.1% annually. In 2021, Armenia ranked 83rd, with Kazakhstan one place higher at $15.7 million. Indonesia, China and the United States were the top three importers in this ranking. Armenian fabric export is expected to hit $2.5 million by 2026, a 2.7% yearly increase on average. Since 2005, the country's fabric supply has grown 5.8% annually. It ranked 69th in 2021, with Australia higher at $2.2 million. South Korea, Italy and Germany placed second, third and fourth respectively.
