Singapore - Knitting Machines - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Singapore - Knitting Machines - Market Analysis, Forecast, Size, Trends And Insights

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Knitting Machines Price in Singapore - 2022

Contents:

  1. Knitting Machines Price in Singapore (FOB) - 2022
  2. Knitting Machines Price in Singapore (CIF) - 2022
  3. Knitting Machines Exports in Singapore
  4. Knitting Machines Imports in Singapore

Knitting Machines Price in Singapore (FOB) - 2022

In 2022, the average knitting machines export price amounted to $292 per unit, shrinking by -33.9% against the previous year. In general, the export price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2014 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices hit record highs at $856 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($551 per unit), while the average price for exports to Malaysia ($262 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.

Knitting Machines Price in Singapore (CIF) - 2022

In 2022, the average knitting machines import price amounted to $598 per unit, declining by -4.7% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 12%. The import price peaked at $751 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($605 per unit) and Japan ($602 per unit), while the price for the United States ($556 per unit) and Vietnam ($587 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Knitting Machines Exports in Singapore

In 2022, knitting machines exports from Singapore skyrocketed to 32K units, rising by 228% compared with 2021. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 299% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, knitting machines exports surged to $9.3M in 2022. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 188%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Knitting Machines in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India3171751,6223,447121.5%
Vietnam1,0514541,0322,19227.8%
South Africa21593.836276852.9%
Philippines7042343597522.2%
Japan9821.9258711-10.2%
Thailand355120137349-0.6%
Taiwan (Chinese)45016.1124338-9.1%
Malaysia19829510033118.7%
Indonesia90.610.278.916822.9%
New Zealand47.023.866.614244.6%
China743N/A49.6N/A-74.2%
Others24071.0120146-15.3%
Total5,3941,4964,3109,34520.1%

Top Export Markets for Knitting Machines from Singapore in 2022:

  1. India (13.0K units)
  2. Vietnam (8.3K units)
  3. South Africa (2.9K units)
  4. Philippines (1.4K units)
  5. Japan (1.3K units)
  6. Malaysia (1.3K units)
  7. Thailand (1.3K units)
  8. Taiwan (Chinese) (0.8K units)
  9. Indonesia (0.6K units)
  10. New Zealand (0.5K units)

Knitting Machines Imports in Singapore

Knitting machines imports into Singapore skyrocketed to 4.1K units in 2022, surging by 67% against 2021 figures. Overall, imports showed a moderate expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 98%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, knitting machines imports surged to $2.4M in 2022. In general, imports, however, continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2021 with an increase of 94%. Imports peaked at $2.7M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Knitting Machines in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan1,8493287351,557-5.6%
China559122210477-5.2%
Vietnam16113912322612.0%
United States80.63.010216727.5%
ThailandN/A192142N/A-26.0%
Others95.19.922517.9-42.7%
Total2,7457931,5372,444-3.8%

Top Suppliers of Knitting Machines to Singapore in 2022:

  1. Japan (2586.0 units)
  2. China (788.0 units)
  3. Vietnam (385.0 units)
  4. United States (301.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the knitting machines market in Singapore. 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.

Product coverage:

  • Prodcom 28941430 - Circular knitting machines
  • Prodcom 28941450 - Flat knitting machines, stitch-bonding machines and warp knitting machines
  • Prodcom 28941470 - Machines for making gimped yarn, tulle, lace, embroidery, t rimmings, braid or net, and machines for tufting

Country coverage:

  • Singapore

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Singapore
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Knitting Machines - Singapore