In 2023, India's robust growth of 10.52% in exporting knitted or crocheted men's and boys' ensembles from synthetic fibers stood out, contributing significantly to its market dominance at $98.817 million. China experienced a sharp decline of 26.06%, reflecting changing market dynamics and possibly shifting trade relations. Italy and Morocco followed India and China in terms of value, showing modest increases of 2.42% and 2.51%, respectively. Kyrgyzstan's remarkable 289.95% surge highlights increasing competitiveness or perhaps a shift in supply chains to these regions.
Other European countries like France and the United Kingdom showed small positive trends over the year, while many others such as Portugal, South Korea, and Japan saw negative trends ranging from 1.49% to 9.58%. Small markets like Canada and Australia, though minor players, reflected significant growth percentages, indicating emerging potential.
Future trends to watch include the ongoing impact of geopolitical shifts on China’s export levels, the rise of smaller exporters such as Kyrgyzstan, and technological advancements improving efficiency in production and export operations. Sustainability and eco-friendly practices may also shape market dynamics and consumer preferences.
Top countries in Export of Knitted or Crocheted Men's and Boys' Ensembles of Synthetic Fibres by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 98,817,000 | 2023 | +3.2% | +10.52% | View data |
| 2 | 2 China | 44,112,000 | 2023 | -40.38% | -26.06% | View data |
| 3 | 3 Italy | 16,481,000 | 2023 | +2.14% | +2.42% | View data |
| 4 | 4 Morocco | 11,191,000 | 2023 | +1.01% | +2.51% | View data |
| 5 | 5 France | 7,873,900 | 2023 | +4.95% | +4.06% | View data |
| 6 | 6 Spain | 3,687,300 | 2023 | +3.96% | +1.92% | View data |
| 7 | 7 Indonesia | 2,486,100 | 2023 | +2.89% | -0.65% | View data |
| 8 | 8 United Kingdom | 2,482,500 | 2023 | +4.04% | +4.13% | View data |
| 9 | 9 Belgium | 2,194,900 | 2023 | +1.54% | -0.65% | View data |
| 10 | 10 Greece | 1,816,500 | 2023 | +6.58% | +22.92% | View data |
