The market is dominated by domestic suppliers, as imports account for 14.6% of total market size in 2022. B2B drives market demand, with B2B spending representing 88.9% of total demand in 2022. China has the fourth largest market size for knitted and crocheted articles regionally, with demand reaching USD15.3 billion in 2022. The total number of companies decreases in 2022, to 135,583 units. The costs of the industry increase by 0.4% in 2022, largely driven by rising labour costs. The industry’s profitability increases and stands at 7.1% of production value in 2022, the 14th highest regionally. The industry’s exports share decreases in 2022 to 80.2% of total production output. With production value of USD58.4 billion, China accounts for 48.6% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Knitted and Crocheted Articles in China: ISIC 173. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Knitted and Crocheted Articles in China: ISIC 173 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of cordage, rope, twine and netting, finishing of textiles, made-up textile articles, spinning of textile fibers; weaving of textiles, tanning and dressing of leather, and technical textiles, labels, badges and other textile products.
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