Austria: Knitting Machines Market 2024

Knitting Machines Market Size in Austria

The Austrian knitting machines market surged to $X in 2021, with an increase of 38% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +12.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Knitting machines consumption peaked in 2021 and is expected to retain growth in the near future.

Knitting Machines Production in Austria

In value terms, knitting machines production shrank slightly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 1.4%. Knitting machines production peaked at $X in 2020, and then fell slightly in the following year.

Knitting Machines Exports

Exports from Austria

After two years of growth, overseas shipments of knitting machineses decreased by -16.5% to X units in 2021. Over the period under review, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 253% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, knitting machines exports shrank notably to $X in 2021. In general, exports recorded a noticeable slump. The most prominent rate of growth was recorded in 2017 with an increase of 420% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X units), France (X units) and Portugal (X units) were the main destinations of knitting machines exports from Austria, together accounting for 94% of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +65.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for knitting machines exported from Austria were Italy ($X), Portugal ($X) and France ($X), with a combined 86% share of total exports.

Italy, with a CAGR of +2.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average knitting machines export price stood at $X per unit in 2021, shrinking by -7.5% against the previous year. Overall, the export price, however, saw a pronounced expansion. The pace of growth was the most pronounced in 2013 an increase of 306% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Romania ($X per unit), while the average price for exports to Serbia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+13.5%), while the prices for the other major destinations experienced mixed trend patterns.

Knitting Machines Imports

Imports into Austria

For the third consecutive year, Austria recorded growth in purchases abroad of knitting machineses, which increased by 72% to X units in 2021. In general, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 442% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, knitting machines imports surged to $X in 2021. Overall, imports posted a mild expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 93% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Switzerland (X units), the UK (X units) and China (X units) were the main suppliers of knitting machines imports to Austria, together comprising 89% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +97.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Germany ($X) and China ($X) appeared to be the largest knitting machines suppliers to Austria, together comprising 87% of total imports. These countries were followed by Italy, the UK, Slovakia and Poland, which together accounted for a further 11%.

Among the main suppliers, the UK, with a CAGR of +70.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average knitting machines import price amounted to $X per unit, reducing by -26.8% against the previous year. Overall, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2015 an increase of 136%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform