China's exports of knitted or crocheted apparel and clothing accessories are forecasted to decline steadily from 2024 to 2028. In 2024, the forecasted value is $66.57 billion, down from the 2023 actual figure of $67.95 billion. By 2028, exports are projected at $60.4 billion, representing a compounded annual growth rate (CAGR) of approximately -2.5% over this five-year stretch.
Year-on-Year Trends:
- 2024-2025: -2.4%
- 2025-2026: -2.4%
- 2026-2027: -2.4%
- 2027-2028: -3.1%
Future Trends to Watch For:
- Sustainability demands influencing production processes.
- Potential shifts in global trade policies affecting textiles.
- Innovations in textile technology impacting competitive dynamics.
