Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Egypt - 2023
Contents:
- Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Egypt (CIF) - 2023
- Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Egypt (FOB) - 2022
- Imports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Egypt
- Exports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Egypt
Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Egypt (CIF) - 2023
In December 2023, the average import price for knitting machines; circular, with cylinder diameter exceeding 165mms amounted to $48,362 per unit, approximately mirroring the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 an increase of 15% m-o-m. The import price peaked at $51,288 per unit in September 2023; however, from October 2023 to December 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was China ($48,363 per unit), while the price for Taiwan (Chinese) amounted to $48,350 per unit.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Egypt (FOB) - 2022
The average export price for knitting machines; circular, with cylinder diameter exceeding 165mms stood at $22,786 per unit in 2022, rising by 79% against the previous year. In general, the export price recorded a significant increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 112%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($43,066 per unit), while the average price for exports to India ($2,268 per unit) was amongst the lowest.
From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (-8.9%).
Imports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Egypt
In 2022, supplies from abroad of knitting machines; circular, with cylinder diameter exceeding 165mms decreased by -34.8% to 159 units, falling for the second year in a row after two years of growth. In general, imports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 0.6%. As a result, imports attained the peak of 355 units. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of knitting machines; circular, with cylinder diameter exceeding 165mms declined remarkably to $5.4M in 2022. Over the period under review, imports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 15%. Over the period under review, imports of reached the maximum at $11M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.7 | 3.8 | 4.2 | 3.5 | -15.0% |
| Japan | 1.4 | N/A | 0.8 | 0.7 | -20.6% |
| Germany | 2.1 | 0.8 | 1.0 | 0.6 | -34.1% |
| Taiwan (Chinese) | 0.3 | 0.1 | 0.3 | 0.2 | -12.6% |
| United States | N/A | N/A | N/A | 0.2 | 0% |
| Italy | 0.9 | 2.2 | 1.4 | 0.1 | -51.9% |
| Bulgaria | N/A | N/A | N/A | N/A | 0% |
| New Zealand | N/A | N/A | N/A | N/A | 0% |
| Others | 0.3 | 1.2 | 1.5 | 0.1 | -30.7% |
| Total | 10.8 | 8.0 | 9.2 | 5.4 | -20.6% |
Top Suppliers of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm to Egypt in 2022:
- China (70.0 units)
- United States (51.0 units)
- Japan (13.0 units)
- Germany (12.0 units)
- Taiwan (Chinese) (5.0 units)
- Italy (2.0 units)
Exports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Egypt
For the third year in a row, Egypt recorded growth in overseas shipments of knitting machines; circular, with cylinder diameter exceeding 165mms, which increased by 33% to 4 units in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 200% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of knitting machines; circular, with cylinder diameter exceeding 165mms soared to $91K in 2022. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 536%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Turkey | N/A | N/A | 43.1 | 0% | |
| Italy | N/A | N/A | 40.8 | 0% | |
| Israel | 6.0 | N/A | 5.0 | -8.7% | |
| India | N/A | N/A | 2.3 | 0% | |
| South Korea | N/A | 38.3 | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 6.0 | 38.3 | 91.1 | 289.7% | |
Top Export Markets for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm from Egypt in 2022:
- Turkey (1.0 units)
- India (1.0 units)
- Israel (1.0 units)
- Italy (1.0 units)
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This report provides an in-depth analysis of the knitting machines market in Egypt.
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