As of 2023, Viet Nam leads as the top importer of knitted or crocheted fabric with imports valued at $3.56 billion, followed by Cambodia and Hong Kong at $2.2 billion and $1.93 billion, respectively. China and Indonesia also demonstrate significant purchasing power within this market. The United States, Sri Lanka, Mexico, Italy, and Bangladesh contribute to the global demand, albeit with smaller import values.
Year-on-year analysis reflects a steady increase in imports for these countries, driven primarily by increased demand in Asia. Over a five-year period, the compound annual growth rate (CAGR) suggests moderate growth across most countries, with Viet Nam showing a robust upward trend.
Future trends to watch:
- Increased demand in Southeast Asia with more integrated global supply chains.
- Technological advancements in fabric production leading to shifts in import patterns.
- Rising consumer demand for sustainable and eco-friendly fabrics could alter the market dynamics.
Top countries in Top Importers of Knitted or Crocheted Fabric
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 Viet Nam | 3,560 | 2016 | |
| 2 | 2 Cambodia | 2,200 | 2016 | |
| 3 | 3 Hong Kong | 1,930 | 2016 | |
| 4 | 4 China | 1,700 | 2016 | |
| 5 | 5 Indonesia | 1,330 | 2016 | |
| 6 | 6 United States | 1,120 | 2016 | |
| 7 | 7 Sri Lanka | 797.06 | 2016 | |
| 8 | 8 Mexico | 708.83 | 2016 | |
| 9 | 9 Italy | 667.42 | 2016 | |
| 10 | 10 Bangladesh | 590.15 | 2016 |
