Home / Knowledge / News / Textiles / Chinese knitting industry's growth trend to continue
Chinese knitting industry's growth trend to continue
Mar '14
In 2013, the Chinese knitting industry showed a double-digit growth and its total exports amounted to US$ 109.7 billion, showing a growth of 12 percent year-on-year, but the data analysis shows that the Chinese knitting industry exports are dependent on the developed countries.
The data shows that knitted fabric exports from China to the EU amounted to $260 million last year, up 17 percent year-on-year, while exports to the US amounted to $660 million, an increase of 15 percent year-on-year, and exports to Japan rose by 38 percent year-on-year to $8.12 billion.
Meanwhile, the exports of knitted apparel from China to the EU earned $16.45 billion during the year, showing a growth of 11 percent year-on-year, whereas exports to the US grew by 8 percent year-on-year to $12.24 billion, and exports to Japan increased by 1 percent year-on-year to 96.7 billion.
With the demand picking up in the international market, investment confidence and enthusiasm returned in the Chinese knitting industry last year. As per the data from the National Bureau of Statistics, large-scale Chinese enterprises showed double-digit growth in fixed asset investment. The actual investment was 86.6 billion yuan and the number of completed projects was 1597. The actual investment in knitwear sector grew by 42 percent and the number of newly started projects increased by 15 percent.
After nearly three years of development, Chinese knit fabric industry has become at par with international standards, owing to independent research and development, capacity enhancement, and emphasis on environmental protection and functional improvement.
In 2014, the economic recovery in advanced countries is expected to again become the main driving force of world economic growth. The Chinese overall economy is also likely to maintain steady growth due to domestic economic reform and structural optimization. These favourable economic factors will continue to drive the overall development of the Chinese knitting industry.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search