In 2023, the import of knitted or crocheted fabric to China was valued at approximately 1.516 billion US dollars. The forecast for 2024 shows a decrease to 1.4896 billion, signaling the start of a downward trend in this sector. From 2024 through 2028, there is a gradual decline projected annually, with values decreasing consistently, marking a year-on-year reduction. Over this period, a compounding annual growth rate (CAGR) analysis would underscore this consistent downtrend as the market contracts slightly each year.

For future trends, key points to consider include:

The impact of technological advancements in textile manufacturing within China, which may reduce the reliance on imports.
Potential geopolitical shifts affecting trade agreements and tariffs.
The changing domestic consumer preferences towards sustainable and locally-produced textiles.
Incremental growth in China's own knitted fabric production capabilities and capacities.