Brazil: Knitting Machines Market 2024

Knitting Machines Market Size in Brazil

The Brazilian knitting machines market surged to $X in 2021, jumping by 58% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted a moderate expansion. Knitting machines consumption peaked in 2021 and is expected to retain growth in the immediate term.

Knitting Machines Exports

Exports from Brazil

In 2021, approx. X units of knitting machineses were exported from Brazil; waning by -9.1% on the year before. In general, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2015 with an increase of 105%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, knitting machines exports surged to $X in 2021. Overall, exports continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2015 when exports increased by 108%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Argentina (X units) was the main destination for knitting machines exports from Brazil, with a 50% share of total exports. Moreover, knitting machines exports to Argentina exceeded the volume sent to the second major destination, Paraguay (X units), threefold. The third position in this ranking was held by Sweden (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Argentina amounted to +17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+11.1% per year) and Sweden (-14.2% per year).

In value terms, Argentina ($X) remains the key foreign market for knitting machineses exports from Brazil, comprising 84% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 4.8% share of total exports. It was followed by India, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Argentina stood at +22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-0.1% per year) and India (-11.1% per year).

Export Prices by Country

The average knitting machines export price stood at $X per unit in 2021, rising by 117% against the previous year. In general, the export price showed a prominent increase. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Argentina ($X per unit), while the average price for exports to Sweden ($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 Mexico (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.

Knitting Machines Imports

Imports into Brazil

In 2021, the amount of knitting machineses imported into Brazil soared to X units, increasing by 69% against the year before. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 71% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, knitting machines imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a slight descent. The pace of growth was the most pronounced in 2017 when imports increased by 63% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of knitting machines to Brazil, with a 61% share of total imports. Moreover, knitting machines imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. Japan (X units) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+9.2% per year) and Japan (+15.2% per year).

In value terms, China ($X), Germany ($X) and Japan ($X) were the largest knitting machines suppliers to Brazil, with a combined 72% share of total imports. Italy, Vietnam and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 27%.

Among the main suppliers, Vietnam, with a CAGR of +57.5%, saw 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

The average knitting machines import price stood at $X per unit in 2021, shrinking by -19% against the previous year. Overall, the import price showed a deep slump. The growth pace was the most rapid in 2016 an increase of 20% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 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 ($X per unit), while the price for Taiwan (Chinese) ($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 (-6.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform