Knitted Fabrics Market (Dyed Synthetic Fibres, Pile Fabrics, Elastomeric Yarn, Warp Knit, Cotton Dyed, Synthetic Fibres Printed, Artificial Fibres Dyed, Lace And Others)
Growth in the historic period resulted from growth in the apparel manufacturing industry, the increase in demand for knitted footwear, and technological advances in the industry. Factors that negatively affected growth in the historic period were the rise in cotton prices, uncertain apparel demand, and the rise in inventory levels.
Going forward, growth in emerging markets, growing e-commerce, favorable government initiatives, and increasing applications of synthetic fibers will drive growth. Factors that could hinder the growth of the knitted fabrics market in the future include reductions in free trade and rising interest rates.
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The rise in cotton prices globally acted as a restraint on the knitted fabrics market. Cotton is a major raw material for manufacturing knitted fabrics. The increased cotton prices increased the raw material costs for the knitted fabrics manufacturers, reducing profit margins. In June 2018, international cotton prices reached $1.017 per pound, crossing the threshold of $1 per pound for the first time in more than six years. The average of the Cotlook ‘A’ Index for May 2018 was $0.8799 per pound, the highest value since 2013-2014.
Opportunities – The knitted fabrics market size will gain the most in China at $5.9 billion. Market-trend-based strategies for the knitted fabrics market include investing in artificial intelligence technology, adopting 3D knitting machines, investing in IoT technology to improve production efficiencies and reduce costs, and developing flame retardant fabrics that are economically priced.
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