According to the Fact. MR study, sale of knitted fabrics are likely to increase from approximately 49,000 tonne to reach nearly 52,000 tonne in 2019. This growth will be influenced by a variety of factors, such as positive growth prospects of the textile industry and increasing popularity of knitwear among the millennial population. According to the study, sales of knitted fabrics in the APEJ region are likely to reach nearly 35,000 tonne by the end of 2019, which will continue to support growth of the market in the region.
China leads growth of knitted fabrics market in the APEJ region with a whopping 61 per cent share in the global sales of knitted fabrics. China is one of the top clothing exporters in the world, as it accounts for over one-third of the EU’s apparel and textile imports. Domestic manufacturers in China are rapidly transforming their manufacturing strategies with digitalization and automation to bolster their sales of high-quality knitting fabrics worldwide.
The Fact.MR study predicts demand for weft-knitted fabrics will remain higher vis-à-vis wrap-knitted fabrics, owing to the low cost and versatility of weft-knitted fabrics. Weft-knitted fabrics need only single yarn feed, which ultimately helps end-user in the textile industry to cut down the raw material input requirements and the processing steps involved in the production of knitwear apparels. As most end-users are seeking ways to curtail economic, social, and environmental costs of their manufacturing processes, the demand for weft-knitted fabrics has remained consistently high over the period of past few years.