Belgium: Knitting Machines Market 2025

Knitting Machines Market Size in Belgium

In 2021, the Belgian knitting machines market was finally on the rise to reach $X after three years of decline. Overall, consumption saw a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Knitting Machines Production in Belgium

In value terms, knitting machines production expanded slightly to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 31%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Knitting Machines Exports

Exports from Belgium

Knitting machines exports from Belgium soared to X units in 2021, increasing by 141% compared with the previous year's figure. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, knitting machines exports surged to $X in 2021. Over the period under review, exports showed a slight expansion. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X units), Egypt (X units) and Belarus (X units) were the main destinations of knitting machines exports from Belgium, together accounting for 70% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +734.4%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the key foreign market for knitting machineses exports from Belgium, comprising 43% of total exports. The second position in the ranking was held by Egypt ($X), with a 21% share of total exports. It was followed by France, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value to Turkey totaled +21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+190.2% per year) and France (+2.1% per year).

Export Prices by Country

The average knitting machines export price stood at $X per unit in 2021, which is down by -9.3% against the previous year. In general, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2015 when the average export price increased by 47% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per unit), while the average price for exports to Libya ($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 Denmark (+45,712.5%), while the prices for the other major destinations experienced mixed trend patterns.

Knitting Machines Imports

Imports into Belgium

For the third year in a row, Belgium recorded growth in purchases abroad of knitting machineses, which increased by 1,520% to X units in 2021. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, knitting machines imports surged to $X in 2021. In general, imports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of 194%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Russia (X units), Australia (X units) and China (X units) were the main suppliers of knitting machines imports to Belgium, together accounting for 89% of total imports. These countries were followed by the United States, Germany and Canada, which together accounted for a further 8.5%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +640.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest knitting machines suppliers to Belgium were the United States ($X), Germany ($X) and China ($X), with a combined 64% share of total imports. These countries were followed by Australia, Canada and Russia, which together accounted for a further 10%.

In terms of the main suppliers, Canada, with a CAGR of +58.9%, recorded the highest rates of growth with regard to 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, waning by -87% against the previous year. Overall, the import price faced a sharp descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by 73%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-13.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform