In 2023, China led the global export of knitted or crocheted men's and boys' ensembles of synthetic fibres by a significant margin, accounting for roughly 65% of total exports. However, China experienced a notable decline of over 14%. India, the second-largest exporter, showed a positive trend with a growth rate of over 10%. Other countries like Kyrgyzstan and Slovenia also demonstrated impressive growth, over 250% and 96% respectively. Meanwhile, traditional European exporters like Italy and the United Kingdom saw minimal growth or declines.
Looking ahead, emerging exporters such as Kyrgyzstan may continue gaining market share if they maintain their growth momentum. The potential for disruptions in China due to geopolitical tensions or internal policies could further influence market dynamics. Expanding production capabilities in India and technological advancements in synthetic fibers might reshape the competitive landscape further.
- China's dominance in this sector is challenged by declining growth rates.
- India and Kyrgyzstan emerge as notable growers with potential future increases in market share.
- European countries exhibit mixed results with modest shifts up or downward.
- Macro-economic and geopolitical factors may significantly alter future trends.
Top countries in Export of Knitted or Crocheted Men's and Boys' Ensembles of Synthetic Fibres Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 64.98 | 2023 | -17.32% | -14.65% | View data |
| 2 | 2 India | 23.33 | 2023 | +1.38% | +10.54% | View data |
| 3 | 3 Greece | 3.06 | 2023 | +6.44% | +13.49% | View data |
| 4 | 4 Italy | 2.79 | 2023 | -0.97% | +0.037% | View data |
| 5 | 5 France | 1.88 | 2023 | +4.86% | +4.28% | View data |
| 6 | 6 Morocco | 1.85 | 2023 | +0.27% | +1.85% | View data |
| 7 | 7 United Kingdom | 1.55 | 2023 | +3.78% | +23.02% | View data |
| 8 | 8 Belgium | 1.49 | 2023 | +1.35% | +0.11% | View data |
| 9 | 9 Kyrgyzstan | 1.22 | 2023 | +4.41% | +250.03% | View data |
| 10 | 10 Spain | 0.98 | 2023 | +3.71% | +0.69% | View data |
