Eastern Europe: Knitting Machines Market 2024

Knitting Machines Market Size in Eastern Europe

The East European knitting machines market expanded modestly to $X in 2023, with an increase of X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Knitting Machines Production in Eastern Europe

In value terms, knitting machines production fell to $X in 2023 estimated in export price. Over the period under review, production, however, enjoyed a tangible increase. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2023, production growth failed to regain momentum.

Knitting Machines Exports

Exports in Eastern Europe

For the third consecutive year, Eastern Europe recorded growth in overseas shipments of knitting machineses, which increased by X% to X units in 2023. Over the period under review, exports showed resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2023, the growth of the exports failed to regain momentum.

In value terms, knitting machines exports expanded markedly 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 in 2023 and is likely to continue growth in the immediate term.

Exports by Country

The shipments of the four major exporters of knitting machineses, namely Lithuania, Belarus, Bulgaria and the Czech Republic, represented more than two-thirds of total export. It was distantly followed by Poland (X units), mixing up an X% share of total exports. The following exporters - Romania (X units) and Russia (X units) - each resulted at a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the largest knitting machines supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Bulgaria ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

In the Czech Republic, knitting machines exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Bulgaria (X% per year) and Romania (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2023, reducing by X% against the previous year. In general, the export price saw a pronounced setback. The pace of growth was the most pronounced in 2020 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 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 the Czech Republic ($X per unit), while Belarus ($X per unit) was amongst the lowest.

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

Knitting Machines Imports

Imports in Eastern Europe

Knitting machines imports expanded remarkably to X units in 2023, surging by X% against 2022. Total imports indicated perceptible growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. 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 appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, knitting machines imports skyrocketed to $X in 2023. Over the period under review, imports, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

Russia was the key importing country with an import of about X units, which resulted at X% of total imports. It was distantly followed by Poland (X units), Hungary (X units), the Czech Republic (X units), Slovakia (X units), Ukraine (X units) and Romania (X units), together achieving a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to knitting machines imports into Russia stood at X%. At the same time, Hungary (X%), Slovakia (X%), Poland (X%), the Czech Republic (X%) and Ukraine (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Romania (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Poland, Hungary, Slovakia and the Czech Republic increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported knitting machineses in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Romania ($X), with a X% share of total imports. It was followed by Ukraine, with a X% share.

In Russia, knitting machines imports plunged by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Romania (X% per year) and Ukraine (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2023, rising by X% against the previous year. Overall, the import price, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2015 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 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 Romania ($X per unit), while Poland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform