China dominates the global export market of knitted or crocheted pile fabric with a staggering 79.36% share as of 2023. While South Korea, Malaysia, and Italy follow as distant contributors, each accounting for a small share under 5%. Over the last year, only a few key players like the Netherlands and Mauritius showed notable growth. The industry's fluctuations were marked by significant declines in countries like the United States and Germany, alongside sharp increases for nations like El Salvador and the Ivory Coast.
Future trends to watch for include:
- Potential shifts due to increased global demand for sustainable fabric options might alter market dynamics.
- Technological advancements in fabric production could lead to shifts in top exporting nations.
- Climactic and geopolitical changes may impact the stability and trade relationships of the leading and emerging exporters.
- Market growth in regions focusing on expanding textile industries, like Southeast Asia, will shape the future export landscape.
Top countries in Export of Knitted or Crocheted Pile Fabric Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 79.36 | 2023 | +3.79% | +3.48% | View data |
| 2 | 2 South Korea | 3.82 | 2023 | -2.47% | -2.58% | View data |
| 3 | 3 Malaysia | 2.77 | 2023 | +2.81% | +2.51% | View data |
| 4 | 4 Italy | 1.62 | 2023 | -1.89% | -3.35% | View data |
| 5 | 5 United States | 1.01 | 2023 | -10.39% | -7.36% | View data |
| 6 | 6 Spain | 0.91 | 2023 | +2.26% | +2% | View data |
| 7 | 7 Netherlands | 0.88 | 2023 | +3.62% | +4.7% | View data |
| 8 | 8 Germany | 0.83 | 2023 | -6.8% | -6% | View data |
| 9 | 9 Singapore | 0.7 | 2023 | +2.69% | +2.48% | View data |
| 10 | 10 Portugal | 0.47 | 2023 | +3.41% | +3.68% | View data |
