South-Eastern Asia: Knitting Machines Market 2024

Knitting Machines Market Size in South-Eastern Asia

The Southeast Asian knitting machines market fell to $X in 2023, reducing by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Knitting Machines Production in South-Eastern Asia

In value terms, knitting machines production expanded slightly 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 relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Knitting Machines Exports

Exports in South-Eastern Asia

In 2023, the amount of knitting machineses exported in South-Eastern Asia surged to X units, jumping by X% on 2022. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X units. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, knitting machines exports dropped slightly to $X in 2023. In general, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2016 with an increase of X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Singapore dominates exports structure, reaching X units, which was near X% of total exports in 2023. The following exporters - Vietnam (X units) and Thailand (X units) - each accounted for an X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to knitting machines exports from Singapore stood at X%. At the same time, Vietnam (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. Vietnam (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by X% from 2012 to 2023, respectively.

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

From 2012 to 2023, the average annual growth rate of value in Vietnam stood at X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Singapore (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2023, declining by X% against the previous year. In general, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2023, the export prices remained at a 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 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 Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Knitting Machines Imports

Imports in South-Eastern Asia

In 2023, overseas purchases of knitting machineses increased by X% to X units, rising for the third consecutive year after two years of decline. Total imports indicated a resilient expansion 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 increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in the immediate term.

In value terms, knitting machines imports reduced to $X in 2023. In general, imports, however, continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Singapore represented the key importer of knitting machineses in South-Eastern Asia, with the volume of imports recording X units, which was near X% of total imports in 2023. Vietnam (X units) ranks second in terms of the total imports with a X% share, followed by Malaysia (X%), the Philippines (X%), Thailand (X%) and Cambodia (X%). Indonesia (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 Singapore stood at X%. At the same time, Malaysia (X%), the Philippines (X%), Vietnam (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Cambodia (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Vietnam, Singapore, Malaysia and the Philippines 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, Vietnam ($X) constitutes the largest market for imported knitting machineses in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

In Vietnam, knitting machines imports 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: Indonesia (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per unit, reducing by X% against the previous year. Overall, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2018 to 2023, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform