
Japan - Flat Knitting Machines, Stitch-Bonding Machines And Warp Knitting Machines - Market Analysis, Forecast, Size, Trends And Insights
Japan's Knitting Machine Unit Price Reaches $30,460
Japan Knitting Machine Export Price in February 2023
In February 2023, the knitting machine price amounted to $30,460 per unit (FOB, Japan), leveling off at the previous month. Over the period under review, the export price, however, recorded a noticeable contraction. The growth pace was the most rapid in April 2022 an increase of 22% against the previous month. As a result, the export price reached the peak level of $49.6M per thousand units; afterwards, it flattened through to February 2023.
Average prices varied noticeably for the major external markets. In February 2023, the countries with the highest prices were Turkey ($30,460 per unit) and Cambodia ($30,460 per unit), while the average price for exports to Brazil ($30,459 per unit) and Vietnam ($30,459 per unit) were amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (0.0%), while the prices for the other major destinations experienced a decline.
COUNTRY | Export Price of Knitting Machine in Japan (thousand USD per unit) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | |
Brazil | 37.7 | N/A | 37.7 | 37.7 | 37.7 | 37.7 | N/A | 30.5 | 30.5 | 30.5 | 30.5 | 30.5 | 30.5 |
Turkey | 37.7 | 37.7 | 37.7 | 37.7 | 37.7 | 37.7 | 37.7 | 30.5 | 30.5 | 30.5 | 30.5 | 30.5 | 30.5 |
Italy | 37.7 | 37.7 | 37.7 | 37.7 | 37.7 | 37.7 | 37.7 | 30.5 | 30.5 | 30.5 | 30.5 | 30.5 | 30.5 |
Bangladesh | 37.7 | 37.7 | 37.7 | 37.7 | 37.7 | 37.7 | 37.7 | 30.5 | 30.5 | 30.5 | 30.5 | N/A | 30.5 |
India | 37.7 | 37.7 | 37.7 | 37.7 | 37.7 | 37.7 | 37.7 | 30.5 | 30.5 | N/A | 30.5 | 30.5 | 30.5 |
Cambodia | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 30.5 |
United Kingdom | 37.7 | 37.7 | 37.7 | 37.7 | 37.7 | 37.7 | 37.7 | 30.5 | 30.5 | 30.5 | 30.5 | 30.5 | 30.5 |
Vietnam | 37.7 | N/A | 37.7 | 37.7 | 37.7 | 37.7 | 37.7 | N/A | 30.5 | 30.5 | 30.5 | 30.5 | 30.5 |
China | 37.7 | 37.7 | 37.7 | 37.7 | 37.7 | 37.7 | N/A | 30.5 | 30.5 | 30.5 | 30.5 | N/A | 30.5 |
Thailand | N/A | N/A | 37.7 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 30.5 |
Average | 40.8 | 40.6 | 49.6 | 37.7 | 37.7 | 37.7 | 37.7 | 30.5 | 30.5 | 30.5 | 30.5 | 30.5 | 30.5 |
Japan Knitting Machine Exports
In February 2023, approximately 698 units of flat knitting machines, stitch-bonding machines and warp knitting machines were exported from Japan; picking up by 55% on January 2023 figures. Overall, total exports indicated a strong expansion from February 2022 to February 2023: its volume increased at an average monthly rate of +7.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, exports increased by +88.1% against December 2022 indices. The pace of growth appeared the most rapid in March 2022 when exports increased by 57% m-o-m. The exports peaked in February 2023.
In value terms, knitting machine exports soared to $21M (IndexBox estimates) in February 2023. Over the period under review, total exports indicated a prominent expansion from February 2022 to February 2023: its value increased at an average monthly rate of +5.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, exports increased by +88.2% against December 2022 indices. The pace of growth was the most pronounced in March 2022 with an increase of 57% month-to-month. The exports peaked at 22M units in April 2022; however, from May 2022 to February 2023, the exports stood at a somewhat lower figure.
Japan Knitting Machine Exports by Country
China (139 units), Italy (135 units) and Bangladesh (87 units) were the main destinations of knitting machine exports from Japan, with a combined 52% share of total exports. These countries were followed by India, Cambodia, Turkey, Thailand, the UK, Brazil and Vietnam, which together accounted for a further 46%.
From February 2022 to February 2023, the biggest increases were in Thailand (with a CAGR of +29.6%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, China ($4.2M), Italy ($4.1M) and Bangladesh ($2.6M) constituted the largest markets for knitting machine exported from Japan worldwide, with a combined 52% share of total exports. India, Cambodia, Turkey, Thailand, the UK, Brazil and Vietnam lagged somewhat behind, together accounting for a further 46%.
Among the main countries of destination, Thailand, with a CAGR of +27.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the knitting machine market in Japan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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