Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Turkey - 2024
Contents:
- Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Turkey (CIF) - 2024
- Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Turkey (FOB) - 2022
- Imports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Turkey
- Exports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Turkey
Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Turkey (CIF) - 2024
In January 2024, the average import price for knitting machines; circular, with cylinder diameter exceeding 165mms amounted to $28,523 per unit, waning by -61.2% against the previous month. Overall, the import price continues to indicate a perceptible setback. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 86% against the previous month. As a result, import price attained the peak level of $82,807 per unit. From December 2023 to January 2024, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($86,957 per unit), while the price for Taiwan (Chinese) ($8,378 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Japan (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Turkey (FOB) - 2022
In 2022, the average export price for knitting machines; circular, with cylinder diameter exceeding 165mms amounted to $8,808 per unit, approximately reflecting the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 33% against the previous year. As a result, the export price reached the peak level of $12,403 per unit. From 2020 to 2022, the average export prices remained at a somewhat 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 Russia ($34,003 per unit), while the average price for exports to Morocco ($1,264 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 Serbia (+60.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Turkey
After three years of growth, supplies from abroad of knitting machines; circular, with cylinder diameter exceeding 165mms decreased by -15.4% to 3.1K units in 2022. In general, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 115%. Over the period under review, imports of reached the maximum at 3.7K units in 2021, and then reduced markedly in the following year.
In value terms, imports of knitting machines; circular, with cylinder diameter exceeding 165mms contracted to $150M in 2022. Overall, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 112%. Imports peaked at $167M in 2021, and then shrank in the following year.
| Import of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 22.8 | 43.6 | 42.4 | 55.7 | 34.7% |
| China | 9.9 | 26.1 | 64.4 | 53.0 | 74.9% |
| Taiwan (Chinese) | 1.9 | 3.0 | 12.1 | 13.7 | 93.2% |
| Japan | 2.1 | 7.8 | 24.7 | 12.1 | 79.3% |
| Italy | 7.1 | 12.6 | 20.9 | 11.6 | 17.8% |
| South Korea | 1.2 | 1.3 | 2.2 | 2.8 | 32.6% |
| Others | N/A | 1.0 | 0.2 | 0.7 | -16.3% |
| Total | 45.0 | 95.4 | 167 | 150 | 49.4% |
Top Suppliers of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm to Turkey in 2022:
- China (1637.0 units)
- Germany (726.0 units)
- Taiwan (Chinese) (291.0 units)
- Italy (206.0 units)
- Japan (134.0 units)
- South Korea (63.0 units)
Exports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Turkey
For the fourth consecutive year, Turkey recorded growth in overseas shipments of knitting machines; circular, with cylinder diameter exceeding 165mms, which increased by 33% to 341 units in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +16.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of knitting machines; circular, with cylinder diameter exceeding 165mms surged to $3M in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | 342 | 30.4 | 894 | 733 | 28.9% |
| Czech Republic | 42.0 | 125 | 273 | 311 | 94.9% |
| Iran | 134 | 123 | 40.2 | 270 | 26.3% |
| Egypt | 103 | 128 | 148 | 247 | 33.9% |
| Russia | 4.7 | N/A | 138 | 238 | 270.0% |
| India | 563 | 372 | 200 | 139 | -37.3% |
| Italy | 307 | 308 | 88.5 | 126 | -25.7% |
| Morocco | 12.1 | 310 | 35.2 | 102 | 103.5% |
| United Arab Emirates | N/A | N/A | 3.5 | 83.4 | 2282.9% |
| United Kingdom | 25.5 | N/A | 32.0 | 80.1 | 46.5% |
| Serbia | 29.5 | N/A | N/A | 27.9 | -1.8% |
| Belarus | 13.0 | 9.1 | 45.4 | 5.1 | -26.8% |
| Turkmenistan | 169 | 220 | 0.2 | 0.6 | -84.7% |
| Others | 946 | 865 | 360 | 639 | -12.3% |
| Total | 2,692 | 2,489 | 2,258 | 3,004 | 3.7% |
Top Export Markets for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm from Turkey in 2022:
- Morocco (81.0 units)
- Egypt (53.0 units)
- Iran (43.0 units)
- Uzbekistan (42.0 units)
- United Arab Emirates (30.0 units)
- India (19.0 units)
- United Kingdom (13.0 units)
- Czech Republic (11.0 units)
- Italy (8.0 units)
- Russia (7.0 units)
- Serbia (6.0 units)
- Belarus (1.0 units)
- Turkmenistan (1.0 units)
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Knitting Machine imports reached a peak of 663 units in May 2023 but decreased from June 2023 to January 2024. In terms of value, imports dropped significantly to $2.8M in January 2024.
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In January 2023, the knitting machine price stood at $14,567 per unit (CIF, Turkey), dropping by -33.3% against the previous month.
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