Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Ethiopia - 2022
Contents:
- Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Ethiopia (CIF) - 2022
- Imports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Ethiopia
Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Ethiopia (CIF) - 2022
In 2022, the average import price for knitting machines; circular, with cylinder diameter exceeding 165mms amounted to $46,550 per unit, reducing by -1.7% against the previous year. Overall, the import price, however, posted buoyant growth. The growth pace was the most rapid in 2014 an increase of 341% against the previous year. The import price peaked at $47,347 per unit in 2021, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($56,532 per unit), while the price for Vietnam ($16 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.4%), while the prices for the other major suppliers experienced a decline.
Imports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Ethiopia
For the third consecutive year, Ethiopia recorded decline in overseas purchases of knitting machines; circular, with cylinder diameter exceeding 165mms, which decreased by -35.9% to 25 units in 2022. Over the period under review, imports showed a precipitous curtailment. The smallest decline of -13.3% was in 2021. Imports peaked at 105 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of knitting machines; circular, with cylinder diameter exceeding 165mms fell rapidly to $1.2M in 2022. Overall, imports showed a sharp descent. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. Imports peaked at $4.2M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,877 | 1,276 | 1,820 | 1,131 | -33.7% |
| Japan | 14.9 | 58.3 | 20.8 | 24.5 | 18.0% |
| Turkey | 3.6 | 8.0 | 1.1 | 5.3 | 13.8% |
| Germany | 15.8 | 11.7 | 2.8 | 2.2 | -48.2% |
| Italy | 2.1 | 5.7 | 1.4 | 1.1 | -19.4% |
| Sri Lanka | N/A | 226 | N/A | N/A | 0% |
| Vietnam | 223 | 0.1 | N/A | N/A | -100.0% |
| Others | 47.9 | 7.9 | N/A | N/A | -83.5% |
| Total | 4,185 | 1,594 | 1,847 | 1,164 | -34.7% |
Top Suppliers of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm to Ethiopia in 2022:
- China (20.0 units)
- Turkey (1.0 units)
- Italy (1.0 units)
- Vietnam (1.0 units)
- Germany (1.0 units)
- Japan (1.0 units)
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Turkey stands as the world's largest importer of knitting machines, followed by India, Italy, Bangladesh, China, Vietnam, Brazil, Indonesia, Russia, and the United States. These countries have significant import markets for knitting machines, driven by their thriving textile and garment industries. As the demand for knitted fabrics continues to rise, the import market for knitting machines is expected to grow further. The IndexBox market intelligence platform provides valuable insights and statistics for businesses to make informed decisions in the global import market.
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