Home / Knowledge / News / Textiles / Asean is important market for China's knitting industry
Asean is important market for China's knitting industry
06
Jun '16
The ten-nation Asean region has become an important market for China's knitting industry, the China Knitting Industrial Association (CKIA) has said.
 
In 2015, the export of knitted fabric to the Asean region amounted to nearly $4.84 billion, up 84.69 per cent over 2011, growing annually at average rate of 16.58 per cent, and accounting for 33.08 per cent of the total export of knitted fabric from China, Lin Guangxing, vice chairman of CKIA, said while presenting a review of achievements of the knitting industry during the 12th Five-year Plan period (2011-2015), at the 6th Board meeting of CKIA.
 
Last year, China's export of knitted garments to Asean nations were valued at $5.197 billion, up 35.98 per cent over 2011, with annual average growth rate of 7.99 per cent, accounting for 7.3 per cent of China's total export of knitted garments, Guangxing said citing data from the General Administration of Customs.
 
China's knitting industry exports stood at $109.69 billion in 2013, and $106.14 billion in 2014, accounting for more than one-third of China's textile and garment exports during those years. In 2015, exports were around $98.44 billion, showing 8.33 per cent growth over 2011; while knitted garments export achieved 3.14 per cent growth, knitted fabric export grew at 36.74 per cent.
 
Destination-wise, Europe, the US and Japan remained the top three markets for Chinese knitted goods exports in 2011-15 with respective share of 17.36 per cent, 11.88 per cent and 9.53 percent.
 
During the five-year period from 2011 to 2015, Chinese knitting industry developed steadily, backed by globalisation and technological progress.
 
In 2015, there were 5,739 knitting enterprises with annual revenue of more than 20 million yuan. The operating revenue of these enterprises was around 717.26 billion yuan, registering a growth of 24.42 per cent over 2011, growing annually at compound rate of 5.61 per cent, as per data from the National Bureau of Statistics.
 
The total profit of these enterprises was up 38.25 per cent over 2011, growing at a slower pace compared to the previous five-year period.
 
China's domestic market also played an important role in the development of the knitting industry during the five-year period, with 72.62 per cent production of large-scale enterprises sold in domestic market in 2015, compared to 64.48 per cent in 2011. (RKS)
 

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 6th Dec 2016

Garments, yarn export entitlement quota extended for 1 yr

Indian government has extended the export entitlement quota for...

Textiles | On 6th Dec 2016

Cash inflow will revive sales: Textile industry

The textile industry representatives are hopeful of revival of...

Courtesy: SIMA

Textiles | On 6th Dec 2016

Amma gave special attention for textile growth in TN: SIMA

Former Tamil Nadu chief minister J Jayalalithaa paid special...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search