SADC: Knitting Machines Market 2024

Knitting Machines Market Size in SADC

In 2023, after two years of growth, there was decline in the SADC knitting machines market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2022, and then dropped in the following year.

Knitting Machines Production in SADC

In value terms, knitting machines production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Knitting Machines Exports

Exports in SADC

In 2023, approx. X units of knitting machineses were exported in SADC; jumping by X% compared with the year before. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, knitting machines exports soared to $X in 2023. Overall, exports, however, recorded a relatively flat trend pattern. The level of export peaked at $X in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, amounting to X units, which was approx. X% of total exports in 2023. It was distantly followed by Madagascar (X units), constituting a X% share of total exports. Mauritius (X units) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of knitting machineses. At the same time, Madagascar (X%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. By contrast, Mauritius (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Madagascar increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest knitting machines supplying countries in SADC were South Africa ($X), Madagascar ($X) and Mauritius ($X), together comprising X% of total exports.

In terms of the main exporting countries, Madagascar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in SADC amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X%. The level of export peaked at $X per unit in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

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 Madagascar ($X per unit), while South Africa ($X per unit) was amongst the lowest.

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

Knitting Machines Imports

Imports in SADC

In 2023, after two years of growth, there was decline in overseas purchases of knitting machineses, when their volume decreased by X% to X units. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, knitting machines imports soared to $X in 2023. In general, imports recorded a pronounced slump. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

South Africa represented the key importing country with an import of about X units, which finished at X% of total imports. It was distantly followed by Mozambique (X units), making up a X% share of total imports. Madagascar (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to knitting machines imports into South Africa stood at X%. At the same time, Madagascar (X%) and Mozambique (X%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. South Africa (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported knitting machineses in SADC, comprising X% of total imports. The second position in the ranking was taken by Madagascar ($X), with a X% share of total imports.

In South Africa, knitting machines imports declined 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: Madagascar (X% per year) and Mozambique (X% per year).

Import Prices by Country

In 2023, the import price in SADC amounted to $X per unit, picking up by X% against the previous year. In general, the import price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2017 to 2023, the 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 Madagascar ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform