;
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

Courtesy: Global Fashion Agenda

Apparel/Garments | On 23rd Jan 2019

Global Fashion Agenda releases CEO Agenda 2019

Highlighting the urgency of combating climate change, non-profit...

USTR aims for more balanced trade in US-EU trade talks

Textiles | On 23rd Jan 2019

USTR aims for more balanced trade in US-EU trade talks

In negotiations for a trade agreement with the European Union (EU),...

Courtesy: Ayotunde Oguntoyinbo/SMART

Textiles | On 23rd Jan 2019

EU lacks sufficiently stringent regulations: SMART

Despite the European Union (EU) having a wide range of...

Interviews View All

Spokesperson, Hugo Boss

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Nuno Venda, ROQ

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Karel Williams, Dow Microbial Control

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Manuele Baggini,

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Apurva Kothari,

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Siddhachakra Weaving (Badiya Fashion),

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

Leave your Comments


January 2019

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

news category


Related Categories:

Advanced Search