The Looped Pile Knit or Crochet Fabric market in China, made from manmade fibres, displayed growth from 2013 to 2023, reaching a market size value of 463.73 million USD in 2023. This market exhibited fluctuations: despite a dip in 2014 and 2020, it showed a steady upward trajectory with a notable peak in recent years. Specifically, from 2021 to 2023, the year-on-year growth rates were 7.71%, 5.27%, and 4.96% respectively, with a 5-year CAGR of 5.23%, reflecting robust market performance in the last half-decade.
Future market trends to watch for include:
- Increased demand driven by advancements in fabric technology and sustainable manufacturing.
- The impact of government policies promoting domestic production to reduce import reliance.
- The potential influence of geopolitical factors on global supply chains affecting materials availability.
