In 2023, China's exports of knitted or crocheted garments stood at $62.95 billion. The forecast indicates steady growth through 2028, with values increasing from $63.29 billion in 2024 to $64.63 billion by 2028. Year-on-year percentage growth remains modest, illustrating a consistent yet slow upward trend. The five-year compound annual growth rate (CAGR) reflects an average annual increase in the low single digits.
Future trends to watch include:
- Potential impacts of global economic conditions and trade policies.
- Innovations in sustainable materials and production techniques.
- Shifts in consumer preferences towards fast fashion or sustainable fashion.
- Competitive dynamics with other major garment-exporting nations.
