Southern Asia: Knitted Fabric Market 2024

Knitted Fabric Market Size in Southern Asia

The South Asian knitted fabric market rose notably to $X in 2022, growing by X% against the previous year. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Knitted Fabric Production in Southern Asia

In value terms, knitted fabric production soared to $X in 2022 estimated in export price. The total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level in 2022 and is likely to continue growth in years to come.

Knitted Fabric Exports

Exports in Southern Asia

In 2022, after ten years of growth, there was significant decline in shipments abroad of knitted or crocheted fabrics, when their volume decreased by X% to X tons. Overall, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, knitted fabric exports reached $X in 2022. Over the period under review, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

India was the major exporter of knitted or crocheted fabrics in Southern Asia, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. Sri Lanka (X tons) ranks second in terms of the total exports with a X% share, followed by Bangladesh (X%) and Pakistan (X%).

From 2012 to 2022, average annual rates of growth with regard to knitted fabric exports from India stood at X%. At the same time, Bangladesh (X%), Sri Lanka (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of Sri Lanka (X p.p.) and Bangladesh (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest knitted fabric supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total exports. It was followed by Pakistan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to X%. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Pakistan (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the export price figures.

Knitted Fabric Imports

Imports in Southern Asia

Knitted fabric imports reached X tons in 2022, picking up by X% on the previous year's figure. Over the period under review, imports posted a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, knitted fabric imports fell to $X in 2022. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The level of import peaked at $X in 2021, and then shrank slightly in the following year.

Imports by Country

India (X tons) and Bangladesh (X tons) were the major importers of knitted or crocheted fabrics in 2022, finishing at approx. X% and X% of total imports, respectively. It was distantly followed by Sri Lanka (X tons), constituting a X% share of total imports. The following importers - Pakistan (X tons) and Nepal (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nepal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest knitted fabric importing markets in Southern Asia were Bangladesh ($X), Sri Lanka ($X) and India ($X), together accounting for X% of total imports. Pakistan and Nepal lagged somewhat behind, together accounting for a further X%.

Nepal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price continues to indicate a mild downturn. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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