Snapshot
Textile knitting is a method of making fabric by interlooping yarns with needles, thus producing materials that are inherently flexible and stretchable, which are different from woven fabrics. Whereas weaving involves the interlacing of two sets of yarns, knitting is the process of using one yarn or one set of yarns to create loops that are interconnected, thereby giving rise to soft and elastic fabrics that are very comfortable and thus perfect for free movement. The materials used for knitting are sourced from natural fibers like cotton and wool as well as synthetic fibers such as polyester, nylon, and spandex, which are selected based on their texture, elasticity, and durability.
Knitting is a vital textile technique that makes wearable, athletic, hosiery, household, and healthcare items. Meanwhile, knitted and woven fabrics are different in a way that their qualities complement each other woven fabrics are typically used to provide structure and firmness whereas knitted fabrics are mostly used to bring about stretch and comfort.
Textile knitting techniques are mainly divided into two categories: weft knitting and warp knitting. Weft knitting is the kind of fabric production which results in products like jersey and rib structures, that are most commonly seen in T-shirts and sweaters. Warp knitting, embracing raschel knitted fabric, comes from the concept of strength, stability in dimensions, and endless design options making it very well suited to lace, net, upholstery, and technical textiles.
With the help of computer-controlled knitting machines, it is possible that today's textile knitting can produce an array of features that are both practical and visually pleasing materials that combine the skills of the craftsmen of the past with the technology of the fabric engineering industry.
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4%
Expected growth rate of global Knitted fabric market by 2022
CHAPTER HS CODES
6005The total Global Export Trade value of HS Code 60 which is Knitted or crocheted fabrics is 26.38 Billion US Dollars in 2010. Whereas, in 2018, it has increase to 36.50 Billion US Dollars with a over all of growth of 38.35% in 8 years. The CAGR between 2010-2018 is 4.7%. China is the highest exporting partner with trade value of 18 Billion Dollars and market share of 49.80% in 2018 with respect to the world.
The total Global Import Trade value of HS Code 60 which is Knitted or crocheted fabrics is 20.32 Billion US Dollars in 2010. Whereas, in 2018, it has increase to 31.79 Billion US Dollars with a over all of growth of 56.43% in 8 years. The CAGR between 2010-2018 is 7.05%. Vietnam is the highest importing partner with trade value of 6.5 Billion Dollars and market share of 20.50% in 2018 with respect to the world.
The total Global Export Trade value of HS Code 6004 which is Knitted or crocheted fabrics, of a width > 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread is 5.9 Billion US Dollars in 2010. Whereas, in 2018, it has increase to 7.8 Billion US Dollars with a over all of growth of 52.86% in 8 years. China is the highest exporting partner with trade value of 3.1 Billion Dollars and market share of 49.80% in 2018 with respect to the world.
The total Global Import Trade value of HS Code 60 which is HS Code 6004 which is Knitted or crocheted fabrics, of a width > 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread is 4.4 Billion US Dollars in 2010. Whereas, in 2018, it has increased to 6.9 Billion US Dollars with an overall growth of 56.40% in 8 years. The CAGR between 2010-2018 is 4.0%. Vietnam is the highest importing partner with a trade value of 1.4 Billion Dollars and a market share of 20.90% in 2018 with respect to the world.
The total Global Import Trade value of HS Code 844720 Flat knitting machines; stitch-bonding machines is 1.4 Billion US Dollars in 2010. Whereas, in 2018, it has decreased to 1.1 Billion US Dollars with an overall fall of -21% in 8 years. China is the highest importing partner with the trade value of 210 Million Dollars in 2018 with the Imported growth of -44% in value between 2017-2018.
Also, China is the largest export trade partner to India in terms of trade value of HS Code 844720 from 2016-2018. The Total Import value of HS Code 844720 in Indian Market is 90 Mn US$ in 2014 which has decreased to 70 Mn US$ in 2018
The total Global Import Trade value of HS Code 845611 which is Machine-tools for working any material by removal of material, by laser or other light or photon beam, ultra-sonic, electro-discharge, electro-chemical, electron beam, ionic-beam or plasma arc processes is 4.6 billion dollars which has increased to around 5.4 Bn dollars by 2018. China is the largest trade import partner with the trade value of 918 Million Dollar in 2018.
Also, China is the largest export trade partner to India in terms of trade value of HS Code 845611 from 2016-2018. The Total Import value of HS Code 844720 in Indian Market is 74 Mn US$ in 2017 which has increased to 131 Mn US$ in 2018.
