The knitting industry is an important part of the textile industry

The knitting industry is an important part of the textile industry

The knitting industry is an important part of the textile industry. In 2008, my country's knitwear accounted for more than 50% of the total clothing, and the ratio of 65% in developed countries is getting closer and closer. From January to December 2010, the knitting industry produced a total of 16.417 billion pieces of knitwear, a year-on-year increase of 18.38%. The growth rate is 9.99 percentage points higher than the 2009 annual level (8.39%). From 2005 to 2010, the sales revenue of the industry continued to grow, from 2008.92 billion yuan in 2005 to 409.737 billion yuan in 2010, an increase of 8%-52% year-on-year, with a maximum of 51.14% and a minimum of 8.63%. The scale is larger, with a year-on-year increase of 23.34% in 2010.

With the increase of the income of urban and rural residents, consumers' demand for clothing and the improvement of clothing taste, under the background of the country's expansion of domestic demand to encourage consumption, the acceleration of population urbanization and the drive of technology will bring opportunities to the clothing industry. With the development of the knitting industry, domestic sales will play an increasingly important role in driving the growth of the knitting industry. In addition, the further development of the ASEAN market and the cultivation of new international markets will promote the development of the knitting industry in 2011.

As the knitting industry relies heavily on labor, China has an obvious advantage in low wage costs. Coupled with China's huge market share and mature technical support, the global knitting industry will be concentrated in China in the future. With the continuous introduction of overseas advanced technology, the knitting industry is accelerating industrial upgrading and forming a regional knitting base. Overall, the development prospects of the knitting industry are good.