Africa: Knitting Machine Market 2024

Knitting Machine Market Size in Africa

The African knitting machine market soared to $X in 2023, surging by X% against the previous year. Over the period under review, consumption showed buoyant growth. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Knitting Machine Production in Africa

In value terms, knitting machine production contracted slightly to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a lower figure.

Knitting Machine Exports

Exports in Africa

In 2023, shipments abroad of flat knitting machines, stitch-bonding machines and warp knitting machines was finally on the rise to reach X units for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by X%. As a result, the exports attained the peak of X units. From 2016 to 2023, the growth of the exports failed to regain momentum.

In value terms, knitting machine exports soared to $X in 2023. Overall, exports, however, continue to indicate a mild slump. The pace of growth appeared the most rapid in 2022 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Madagascar (X units) and Egypt (X units) represented the largest exporters of flat knitting machines, stitch-bonding machines and warp knitting machines in 2023, recording approx. X% and X% of total exports, respectively. Mauritius (X units) ranks next in terms of the total exports with a X% share, followed by South Africa (X%), Tunisia (X%) and Kenya (X%). Swaziland (X units) and Uganda (X units) held a relatively small share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Madagascar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Madagascar ($X) emerged as the largest knitting machine supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Uganda ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Madagascar amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Uganda (X% per year) and South Africa (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2023, which is down by X% against the previous year. In general, the export price saw a perceptible decrease. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uganda ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uganda (X%), while the other leaders experienced more modest paces of growth.

Knitting Machine Imports

Imports in Africa

In 2023, imports of flat knitting machines, stitch-bonding machines and warp knitting machines in Africa surged to X units, growing by X% on the previous year's figure. Total imports indicated a resilient increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, knitting machine imports skyrocketed to $X in 2023. Over the period under review, imports showed prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

Ethiopia (X units), South Africa (X units), Egypt (X units), Morocco (X units) and Nigeria (X units) represented roughly X% of total imports in 2023. It was distantly followed by Djibouti (X units), making up a X% share of total imports. The following importers - Madagascar (X units), Tunisia (X units), Kenya (X units) and Algeria (X units) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Djibouti (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest knitting machine importing markets in Africa were Ethiopia ($X), Egypt ($X) and Nigeria ($X), with a combined X% share of total imports. Morocco, South Africa, Tunisia, Djibouti, Madagascar, Algeria and Kenya lagged somewhat behind, together comprising a further X%.

Djibouti, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Africa amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Nigeria ($X per unit), while Kenya ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Djibouti (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform