The import of knit or crochet fabric of cotton to Vietnam has experienced fluctuating growth patterns over the past years. In 2023, imports stood at approximately 147.95 million kilograms, representing a 3.81% year-on-year increase compared to the previous year. While the annual Compound Annual Growth Rate (CAGR) for the last five years was recorded at 4.34%, the figures show a notable peak in 2021 with a 25.68% increase. However, the trend shows a slowdown up to 2023, indicating variance in import demand.

Looking ahead, the forecast data from 2024 to 2028 suggests a gradual upward trend with a five-year CAGR of 2.76%. This highlights a steady but moderate growth rate over the prediction period, projected to reach 176.34 million kilograms by 2028, a 14.57% expansion from 2023 levels.

Future trends to watch for:

Shifts in global cotton prices potentially impacting import volumes.
Vietnam's domestic textile industry capacity and productivity.
Changes in trade policies and agreements influencing the import-export landscape.
Technological advancements in textile production and their impact on demand for imported fabric.