Central Asia: Knitting Machines Market 2024

Knitting Machines Market Size in Central Asia

In 2023, after two years of growth, there was significant decline in the Central Asian knitting machines market, when its value decreased by X% to $X. In general, consumption showed a buoyant increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Knitting Machines Production in Central Asia

In value terms, knitting machines production rose to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Knitting Machines Exports

Exports in Central Asia

In 2023, approx. X units of knitting machineses were exported in Central Asia; increasing by X% on 2022. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in the immediate term.

In value terms, knitting machines exports amounted to $X in 2023. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of knitting machineses, namely Uzbekistan, represented more than two-thirds of total export.

Uzbekistan was also the fastest-growing in terms of the knitting machineses exports, with a CAGR of X% from 2012 to 2023. Uzbekistan (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) also remains the largest knitting machines supplier in Central Asia.

In Uzbekistan, knitting machines exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2023, falling by X% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Uzbekistan.

From 2012 to 2023, the rate of growth in terms of prices for Uzbekistan amounted to X% per year.

Knitting Machines Imports

Imports in Central Asia

In 2023, approx. X units of knitting machineses were imported in Central Asia; growing by X% against the year before. In general, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, knitting machines imports expanded notably to $X in 2023. Over the period under review, imports showed buoyant growth. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure in 2023 and are likely to see gradual growth in years to come.

Imports by Country

In 2023, Uzbekistan (X units) represented the main importer of knitting machineses, committing X% of total imports. Tajikistan (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Kyrgyzstan (X%). The following importers - Mongolia (X units) and Turkmenistan (X units) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to knitting machines imports into Uzbekistan stood at X%. At the same time, Tajikistan (X%), Kyrgyzstan (X%) and Mongolia (X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. By contrast, Turkmenistan (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.) and Tajikistan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Kyrgyzstan (X p.p.), Mongolia (X p.p.) and Turkmenistan (X p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) constitutes the largest market for imported knitting machineses in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Tajikistan ($X), with a X% share of total imports. It was followed by Mongolia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Uzbekistan totaled X%. In the other countries, the average annual rates were as follows: Tajikistan (X% per year) and Mongolia (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2023, shrinking by X% against the previous year. Over the period under review, the import price, however, continues to indicate temperate growth. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per unit), while Tajikistan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform