Asia-Pacific: Knitting Machines Market 2024

Knitting Machines Market Size in Asia-Pacific

The Asia-Pacific knitting machines market dropped to $X in 2023, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Knitting Machines Production in Asia-Pacific

In value terms, knitting machines production reached $X in 2023 estimated in export price. The total production indicated a slight expansion from 2012 to 2023: its value 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Knitting Machines Exports

Exports in Asia-Pacific

In 2023, the amount of knitting machineses exported in Asia-Pacific skyrocketed to X units, growing by X% compared with the previous year. In general, exports recorded a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to continue growth in years to come.

In value terms, knitting machines exports reduced to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

Exports by Country

China represented the major exporter of knitting machineses in Asia-Pacific, with the volume of exports recording X units, which was near X% of total exports in 2023. It was distantly followed by Singapore (X units), constituting an X% share of total exports. Japan (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to knitting machines exports from China stood at X%. At the same time, Singapore (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Japan (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest knitting machines supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

In China, knitting machines exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and Singapore (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2023, which is down by X% against the previous year. In general, the export price showed a pronounced curtailment. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the export price figures.

Knitting Machines Imports

Imports in Asia-Pacific

In 2023, approx. X units of knitting machineses were imported in Asia-Pacific; with an increase of X% compared with the previous year. In general, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in years to come.

In value terms, knitting machines imports dropped to $X in 2023. Overall, imports, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2023, imports remained at a lower figure.

Imports by Country

India prevails in imports structure, resulting at X units, which was approx. X% of total imports in 2023. Bangladesh (X units) took the second position in the ranking, followed by Singapore (X units). All these countries together held near X% share of total imports. The following importers - Vietnam (X units) and Malaysia (X units) - each resulted at a X% share of total imports.

India was also the fastest-growing in terms of the knitting machineses imports, with a CAGR of X% from 2012 to 2023. At the same time, Malaysia (X%), Vietnam (X%) and Singapore (X%) displayed positive paces of growth. By contrast, Bangladesh (X%) illustrated a downward trend over the same period. India (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore and Bangladesh saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Bangladesh ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Vietnam, with a CAGR of X%, saw the highest growth rate of 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

The import price in Asia-Pacific stood at $X per unit in 2023, dropping by X% against the previous year. In general, the import price faced a deep reduction. The pace of growth appeared the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2023, import prices failed to regain momentum.

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 Vietnam ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform