According to the analysis report on the economic operation of the knitting industry from January to September 2023 by the China Knitting Industrial Association, the export value of China's knitted products in the first three quarters of this year was 79.221 billion USD, a year-on-year decrease of 10.57%. In September, the year-on-year decrease was 3.54% and the month on month decrease was significantly narrowed compared to August. Meanwhile, the export value of the socks industry from January to September was 5.318 billion USD, a slight decrease of 1.53% year-on-year. In addition, the total retail sales of consumer goods in China from January to September reached 34210.7 billion yuan, a year-on-year increase of 6.8%. Among them, the retail sales of clothing, shoes and hats, and needle textiles above the designated size reached 993.5 billion yuan, a year-on-year increase of 10.6%. The online retail sales of physical goods from January to September reached 9043.5 billion yuan, a year-on-year increase of 8.9%, with clothing products increasing by 9.6%. Overall, the knitting industry in China faces significant operational pressure in 2023. Affected by sluggish market demand, the industry's production and sales scale has declined, and overseas orders have continued to decline. However the overall stability of the domestic economy continues to advance, and the domestic market is gradually improving and showing a positive development trend.

In recent years, under the guidance of the "the Belt and Road" initiative and industrial policies, the textile and clothing industry has made remarkable achievements in innovative, green and high-quality development by actively promoting the "smart+" and "green+" strategies. At the recently concluded 2023 Central Work and Economic Conference, it was emphasized that next year we should persist in prioritizing stability while pursuing progress and constructing before destructing, leading the construction of a modern industrial system through technological innovation.

Shanghai International Hosiery Purchasing Expo (hereinafter referred to as CHPE) has successfully held 17 sessions of trials and hardships. It is jointly organized by Hyve(Asia)Exhition Co.,Ltd., Shanghai Gehua Exhibition Services Co.,Ltd., and Shanghai Aige Exhibition Services Co.,Ltd. As the flagship expo of the entire socks industry chain and all industry cluster area, CHPE is closely following the development trends of overseas trade and domestic consumer markets. With a global and international perspective, efficient trading platforms and high-quality supporting services, CHPE deeply integrates advantageous resources in various fields to help promote the trade development of the global socks industry.

The scale of the CHPE 2024 will be further upgraded.The 18th Shanghai International Hosiery Purchasing Expo (hereinafter referred to as CHPE 2024) will be held at Shanghai World Expo Exhibition & Convention Center from March 27-29,2024. There will be 500+ high-quality exhibitors and leading enterprises in three-day exhibition to display all kinds of cotton socks, silk socks, pantyhose, raw and auxiliary materials, digital production equipment, e-commerce and supporting services and other exhibits on site, running through the upstream, midstream and downstream of the industrial chain to meet the wearing needs of all people in the whole scene of sports, business,street style, girls, infants, outdoor, gifts, medical care, pets, etc. CHPE 2024 will use two exhibition halls,the Hall 2 is being opened for the first time. The total area reaches 50,000 Sqm. It is expected to attract over 80,000 domestic and foreign professional business visits, with an impact reaching over 60 countries and regions worldwide in three-day exhibition. At the same time, 2024 CHPE will welcome the return of the two national and regional exhibition groups organized by Turkey Socks Association and Taiwan Hosiery Manufacturers’ Association. The Turkey exhibition group has reached nearly 300 sqm, with about 12-15 exhibitors, which has surpassed the past. In addition, overseas exhibitors from Pakistan, Thailand and other places will gather in Shanghai with exhibitors from domestic industrial clusters such as Zhuji, Yiwu, Liaoyuan, Haining, Dongyang and etc. 2024 CHPE will bring new products, technologies, models, demands, and scenes to the industry, aiming to comprehensively enhance the on-site experience of exhibitors and visitors. At the same time, the exhibition site is also an excellent place for enterprises to exchange products, technologies, and explore business opportunities together.

CHPE2024 will hold multiple concurrent activities. In order to promote industry development, strengthen enterprise technological innovation and brand building, assist enterprises in developing domestic demand markets, and match more e-commerce resources, the multiple concurrent activities will be held simultaneously with CHPE 2024 such as "Socks Industry Functional New Materials Seminar 2024 ", " China Socks Fashion Trend Show 2025", "Shanghai Fashion Accessories and Socks E-commerce Products Matchmaking Meeting 2024 ", "Cross-border E-commerce Socks Products Matchmaking Meeting 2024 ". With the development of the Internet and digital economy, e-commerce and traders have developed a set of procurement models and habits that conforms to the online business format. More socks companies will also expand their online sales channels or customer base to explore new markets and gain new business. Therefore, CHPE 2024 will hold multiple e-commerce product matchmaking meetings, and it is expected to invite about 200 e-commerce companies to come and select products to help sock companies face this customer group directly.

In March Shanghai, the 18th Shanghai International Hosiery Purchasing Expo will become a window for China's socks industry to build a new development pattern, an international platform to promote high-level openness, and pave a new path for global customers and businesses to open up, cooperate, innovate, and share. CHPE 2024 will meet the needs of brand owners, manufacturers, import and export traders, e-commerce online merchants, retailers, and related industry groups for overseas trade, OEM, distribution and agency, brand cooperation, one piece shipping, intelligent upgrading, etc. It is an ideal business platform to connect networks, understand the industry, display products, trade orders, establish brand image, and consolidate industry position! To register for visits or learn more about relevant details, please log in to the official website (www.chpe.com.cn) for more information.