The knitting industry will usher in new opportunities in 2024, driven by technological innovation and market recovery.

With the gradual recovery of the global economy and the continuous advancement of technological innovation, the knitting industry will show new vitality and growth potential in 2024. According to the latest data from the China Textile and Apparel Industry Federation, since the beginning of this year, the supply and demand ends of the knitting industry have continued to grow steadily. The domestic sales market has continued to recover, exports have remained stable, the economic benefits of enterprises have improved, development confidence has recovered, and the economy has been operating stably. The good momentum has been further consolidated.

1. Technological innovation leads industry development

The development trend of high precision, intelligence and informatization in knitting technology is remarkable. High-precision equipment manufacturing technology, leading digital control technology, intelligent production management technology and advanced forming and knitting technology are the common goals for the development of the knitting industry at home and abroad. my country's knitting industry has firmly grasped the new opportunities of the new round of industrial revolution. In the new form, it has explored and seized opportunities, quickly integrated into the "Internet +" action plan, carried out in-depth "integration of informatization and informatization", and accelerated the intelligentization of knitting equipment. Technology research, promotion and application promote the transformation and upgrading of knitting production management model.

2. Market recovery drives production growth

In the first half of 2024, my country's clothing output increased by 4.42% year-on-year, of which knitted clothing output increased by 7.86% year-on-year, and knitted clothing output accounted for nearly 70% of total clothing output. This data shows that the proportion of the knitting industry in clothing production continues to rise, and market demand is strong. In particular, sports and leisure knitted clothing performed more prominently, with revenue growth of 6.85% year-on-year, showing that consumers are highly favored for such products.

3. Green environmental protection has become a new development trend

Facing environmental protection issues, knitting companies need to actively take environmental protection measures, promote green production, reduce energy consumption and reduce waste emissions. Using environmentally friendly materials and processes to develop environmentally friendly knitted products will also become an important trend in the development of the industry. As consumers pay increasing attention to health and environmental protection, green and environmentally friendly knitted products will become more popular in the market.

4. Production capacity transfer and “Internet +” promote industry development

In the future, my country's textile industry will mainly focus on the gradual transfer of production capacity to Southeast Asia. Internet + textile is also expected to become one of the future development trends of my country's textile and apparel industry. The knitting industry will gradually move towards the trend of green environmental protection. Catalyzed by industry capacity optimization, policy guidance and other factors, green environmental protection is still one of the factors that still need to be focused on in the future development of my country's textile and apparel industry.

In 2024, the knitting industry will show strong development momentum driven by the two wheels of technological innovation and market recovery. With the in-depth development of trends such as intelligence and green environmental protection, the knitting industry will usher in broader development prospects. Enterprises need to keep up with market changes and increase technological innovation to achieve sustainable development and enhance international competitiveness.