The market is dominated by foreign suppliers, as imports account for 63.7% of total market size in 2022. Households drive market demand, with household spending representing 76.5% of total demand in 2022. The US has the second largest market size for knitted and crocheted articles across the top 20 developed countries, with demand reaching USD14.6 billion in 2022. The total number of companies increases in 2022, to 2,200 units. The costs of the industry increase by 4.6% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 10.0% of production value in 2022, the ninth highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 8.2% of total production output. With production value of USD3.6 billion, the US accounts for 95.7% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Knitted and Crocheted Articles in the US: 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 the US: 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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