The global export landscape for looped pile knit or crochet fabric of cotton in 2023 was dominated by China, which accounted for 49.15% of the market share by volume. Meanwhile, Malaysia and South Korea followed with shares of 19.06% and 14.74%, respectively. Notably absent from this list are the traditionally large exporters like India and the United States, contributing only 2.14% and 0.32% respectively. Strong performers mentioned include Belarus and South Africa, which saw growth rates of 8.3% and 13.39% respectively, highlighting their increasing competitiveness.
Looking forward, the market is expected to witness substantial shifts due to varying demand and production capabilities. Key trends to watch include:
- China's sustained dominance due to its robust textile manufacturing infrastructure.
- Potential growth in smaller markets like Belarus due to increased production volume.
- Uncertainty in European markets where countries like Italy and Poland experienced declines.
- Focus on sustainability and technological advancements could influence future export dynamics considerably.
Top countries in Export of Looped Pile Knit or Crochet Fabric of Cotton Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 49.15 | 2023 | +4.55% | +5.07% | View data |
| 2 | 2 Malaysia | 19.06 | 2023 | +1.86% | +1.25% | View data |
| 3 | 3 South Korea | 14.74 | 2023 | +3.55% | +2.82% | View data |
| 4 | 4 Mauritius | 2.81 | 2023 | +0.31% | +1.02% | View data |
| 5 | 5 India | 2.14 | 2023 | -6.39% | -0.41% | View data |
| 6 | 6 Spain | 0.83 | 2023 | +2.37% | +0.15% | View data |
| 7 | 7 Belarus | 0.68 | 2023 | +5.67% | +8.3% | View data |
| 8 | 8 Portugal | 0.54 | 2023 | +1.02% | -1.4% | View data |
| 9 | 9 Germany | 0.45 | 2023 | -15.32% | -13.15% | View data |
| 10 | 10 United States | 0.32 | 2023 | -0.5% | +0.82% | View data |
