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US knit fabric revenue up two per cent

In 2018, the revenue of US knit fabric rose 2.6 per cent.US knit fabric production in 2018 rose 2.4 per cent against the previous year. Knit fabrics exports from the US declined 5.9 per cent against the previous year. In general, knit fabric exports continue to indicate a dramatic slump. Nicaragua, Honduras and Guatemala are the main destinations of knit fabric from the US they together account for 50 per cent of total US knit fabric exports. Mexico, France, El Salvador, the Dominican Republic, Colombia, Australia, Chile and China together account for a further 33 per cent. From 2013 to 2018, the most notable rate of growth in terms of exports, among the main countries of destination, was Australia. In value terms, Honduras, Nicaragua and Mexico are the largest markets for knit fabric exports from the US, with a combined 43 per cent share. These countries are followed by Guatemala, El Salvador, Colombia, the Dominican Republic, Australia, France, China and Chile, which together account for a further 35 per cent.

Over the last five years, the average knit fabric export price has increased at an average annual rate of 8.8 per cent. The growth pace was the most rapid in 2014 when the average export price increased by 22 per cent.