Canada: Knitting Machines Market 2025

Knitting Machines Market Size in Canada

In 2021, the Canadian knitting machines market increased by 127% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate strong growth. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Knitting Machines Exports

Exports from Canada

In 2021, the amount of knitting machineses exported from Canada shrank rapidly to X units, waning by -62.4% compared with 2020. Over the period under review, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 161%. The exports peaked at X units in 2020, and then reduced rapidly in the following year.

In value terms, knitting machines exports fell markedly to $X in 2021. In general, exports continue to indicate a deep setback. The growth pace was the most rapid in 2020 with an increase of 89%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for knitting machines exports from Canada, with a 69% share of total exports. Moreover, knitting machines exports to the United States exceeded the volume sent to the second major destination, Italy (X units), sixfold. Mexico (X units) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+37.0% per year) and Mexico (+14.9% per year).

In value terms, the United States ($X) remains the key foreign market for knitting machineses exports from Canada, comprising 77% of total exports. The second position in the ranking was taken by Italy ($X), with a 5.7% share of total exports. It was followed by Mexico, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+17.0% per year) and Mexico (+0.4% per year).

Export Prices by Country

The average knitting machines export price stood at $X per unit in 2021, surging by 35% against the previous year. In general, the export price, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 58% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Pakistan ($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 the UK (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.

Knitting Machines Imports

Imports into Canada

In 2021, supplies from abroad of knitting machineses increased by 136% to X units, rising for the second year in a row after two years of decline. Overall, imports saw strong growth. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, knitting machines imports soared to $X in 2021. In general, imports showed a buoyant expansion. The growth pace was the most rapid in 2017 when imports increased by 152%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and the United States (X units) were the main suppliers of knitting machines imports to Canada, with a combined 75% share of total imports. Japan, Vietnam, Taiwan (Chinese) and Turkey lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +187.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and the United States ($X) constituted the largest knitting machines suppliers to Canada, with a combined 70% share of total imports. These countries were followed by China, Taiwan (Chinese), Vietnam and Turkey, which together accounted for a further 16%.

In terms of the main suppliers, Vietnam, with a CAGR of +138.7%, 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

The average knitting machines import price stood at $X per unit in 2021, waning by -38.6% against the previous year. Over the period under review, the import price saw a mild slump. The growth pace was the most rapid in 2017 when the average import price increased by 53% against the previous year. 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 Taiwan (Chinese) ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform