Price for Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Indonesia - 2022

Contents:

  1. Price for Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Indonesia (CIF) - 2022
  2. Price for Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Indonesia (FOB) - 2022
  3. Imports of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Indonesia
  4. Exports of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Indonesia

Price for Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Indonesia (CIF) - 2022

In 2022, the average import price for knitting machines; circular, with cylinder diameter not exceeding 165mms amounted to $16,207 per unit, remaining stable against the previous year. In general, the import price, however, recorded a mild shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by 17% against the previous year. Over the period under review, average import prices attained the maximum at $19,543 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($33,431 per unit), while the price for Denmark ($181 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Indonesia (FOB) - 2022

In 2022, the average export price for knitting machines; circular, with cylinder diameter not exceeding 165mms amounted to $4,097 per unit, waning by -36.5% against the previous year. Overall, the export price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 19% against the previous year. Over the period under review, the average export prices hit record highs at $19,481 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($21,806 per unit), while the average price for exports to Timor-Leste ($5 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 Hong Kong SAR (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Indonesia

In 2022, the amount of knitting machines; circular, with cylinder diameter not exceeding 165mms imported into Indonesia declined modestly to 144 units, which is down by -4% against 2021. Overall, imports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. Over the period under review, imports of hit record highs at 363 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of knitting machines; circular, with cylinder diameter not exceeding 165mms fell to $2.3M in 2022. Over the period under review, imports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. Imports peaked at $6.5M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3,2236811,8301,204-28.0%
South Korea75.329.966.030559.4%
Taiwan (Chinese)2,34958691.1250-52.6%
Germany463320304239-19.8%
Italy21862.50.4201-2.7%
Japan10377.380.168.5-12.7%
Malaysia0.116.017.816.4447.4%
Cambodia0.14.49.68.9346.5%
DenmarkN/AN/AN/A5.60%
Others11452.314.235.6-32.2%
Total6,5461,8302,4132,334-29.1%

Top Suppliers of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm to Indonesia in 2022:

  1. China (49.0 units)
  2. Denmark (31.0 units)
  3. South Korea (12.0 units)
  4. Cambodia (11.0 units)
  5. Taiwan (Chinese) (10.0 units)
  6. Germany (9.0 units)
  7. Italy (6.0 units)
  8. Malaysia (6.0 units)
  9. Japan (3.0 units)

Exports of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Indonesia

For the third consecutive year, Indonesia recorded decline in shipments abroad of knitting machines; circular, with cylinder diameter not exceeding 165mms, which decreased by -20% to 12 units in 2022. Over the period under review, exports showed a significant decline. The smallest decline of -16.7% was in 2021. Over the period under review, the exports of attained the peak figure at 25 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of knitting machines; circular, with cylinder diameter not exceeding 165mms contracted notably to $49K in 2022. In general, exports showed a sharp curtailment. The exports peaked at $376K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hong Kong SAR29016384.443.6-46.8%
Cambodia31.916.67.93.8-50.8%
Bangladesh16.97.02.61.0-61.0%
India3.31.91.30.5-46.7%
Taiwan (Chinese)0.80.90.30.1-50.0%
South Korea32.30.60.20.1-85.4%
Nigeria0.40.1N/AN/A-75.0%
China0.40.1N/AN/A-75.0%
Timor-LesteN/AN/AN/AN/A0%
United States0.30.2N/AN/A-33.3%
Singapore0.1N/AN/AN/A0%
OthersN/A0.4N/AN/A0%
Total37619196.849.2-49.2%

Top Export Markets for Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm from Indonesia in 2022:

  1. Hong Kong SAR (2.0 units)
  2. Bangladesh (1.0 units)
  3. Taiwan (Chinese) (1.0 units)
  4. Singapore (1.0 units)
  5. India (1.0 units)
  6. Cambodia (1.0 units)
  7. United States (1.0 units)
  8. Timor-Leste (1.0 units)
  9. China (1.0 units)
  10. Nigeria (1.0 units)
  11. South Korea (1.0 units)

Source: IndexBox Market Intelligence Platform

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