The import of knitted or crocheted fabric to Viet Nam stood at 5.8 billion USD in 2023. From 2024 onwards, the forecasted data shows a consistent growth in imports: 6.0521 billion USD (2024), rising by 4.35% YoY; 6.3 billion USD (2025), with a 4.1% increase; 6.5429 billion USD (2026), up by 3.87%; 6.781 billion USD (2027), with a 3.64% rise; and finally reaching 7.0142 billion USD (2028), a 3.43% increase. The compound annual growth rate (CAGR) over the five-year period (2024-2028) is 3.88%.
Future trends to watch for:
- Innovations in textile technology could drive demand. - Shifts in global trade policies may impact import dynamics. - Environmental regulations might influence sourcing strategies and costs.
