Global Knitting Machines Market 2024

Knitting Machines Market Size

In 2022, the global knitting machines market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Knitting Machines Production

In value terms, knitting machines production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a slight decrease. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, global production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Knitting Machines Exports

Exports

Global knitting machines exports reached X units in 2022, growing by X% compared with 2021. In general, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, knitting machines exports rose notably to $X in 2022. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the global exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China represented the main exporter of knitting machineses in the world, with the volume of exports accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Singapore (X units), constituting a X% share of total exports. The UK (X units), Germany (X units), Japan (X units), Italy (X units) and Taiwan (Chinese) (X units) held a little share of total exports.

From 2012 to 2022, 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 the world, with a CAGR of X% from 2012-2022. By contrast, Japan (X%), Taiwan (Chinese) (X%), Italy (X%), Germany (X%) and the UK (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 global exports from 2012-2022, the share of Japan (X p.p.), Taiwan (Chinese) (X p.p.), Italy (X p.p.), Germany (X p.p.) and the UK (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest knitting machines supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Japan ($X), with a X% share of global exports. It was followed by Germany, with an X% share.

In China, knitting machines exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average knitting machines export price amounted to $X per unit, remaining stable against the previous year. Over the period under review, the export price saw a perceptible setback. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other global leaders experienced more modest paces of growth.

Knitting Machines Imports

Imports

Global knitting machines imports surged to X units in 2022, with an increase of X% compared with 2021 figures. In general, imports recorded strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, knitting machines imports rose modestly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, global imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

India represented the main importer of knitting machineses in the world, with the volume of imports amounting to X units, which was near X% of total imports in 2022. The UK (X units) held the second position in the ranking, followed by the United States (X units), South Africa (X units) and Brazil (X units). All these countries together took approx. X% share of total imports. Canada (X units), Bangladesh (X units), Russia (X units), Italy (X units), the Netherlands (X units), Singapore (X units) and Turkey (X units) held a little 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 2022. At the same time, the Netherlands (X%), South Africa (X%), Brazil (X%), the UK (X%), Canada (X%), Turkey (X%), Italy (X%), Russia (X%), the United States (X%) and Singapore (X%) displayed positive paces of growth. By contrast, Bangladesh (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and South Africa increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest knitting machines importing markets worldwide were India ($X), Turkey ($X) and Bangladesh ($X), with a combined X% share of global imports. The United States, Italy, Brazil, Russia, the UK, Canada, the Netherlands, South Africa and Singapore lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average knitting machines import price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2016 an increase of X%. Global import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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