The global export landscape for pile knit or crochet fabric of cotton reveals that China dominates with a substantial share of 80.83% in 2023. However, it experienced a modest growth of 2.08% over the past year. Among other key players, Malaysia and Spain saw increases, although Spain's growth was more pronounced at 4.92%, contrasted by South Korea's decline of 4.06%. The United States faced a significant reduction of 9.68%. Emerging exporters like Saudi Arabia showed remarkable growth at 84.79%, suggesting a shifting dynamic in global trade.
Looking ahead, the global market may witness significant shifts as smaller countries, boosted by their recent performance, might try to capture larger market shares. However, China's dominance is expected to persist, although innovation and policy changes could influence its growth trajectory. Watch for technological advancements and trade policy transformations as potential disruptors of current trends.
Top countries in Export of Pile Knit or Crochet Fabric of Cotton Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 80.83 | 2023 | +3.21% | +2.08% | View data |
| 2 | 2 Malaysia | 3.96 | 2023 | +0.63% | +0.3% | View data |
| 3 | 3 Spain | 2.02 | 2023 | +4.65% | +4.92% | View data |
| 4 | 4 Thailand | 1.08 | 2023 | +0.8% | +0.89% | View data |
| 5 | 5 South Korea | 1.01 | 2023 | -4.95% | -4.06% | View data |
| 6 | 6 Netherlands | 0.68 | 2023 | +0.91% | +11.88% | View data |
| 7 | 7 Belarus | 0.62 | 2023 | +4.42% | +11.75% | View data |
| 8 | 8 Bulgaria | 0.55 | 2023 | +3.39% | +4% | View data |
| 9 | 9 United States | 0.38 | 2023 | -7.83% | -9.68% | View data |
| 10 | 10 Mauritius | 0.34 | 2023 | -0.7% | +0.77% | View data |
