Czech Republic: Knitting Machines Market 2024

Knitting Machines Market Size in the Czech Republic

In 2021, the Czech knitting machines market was finally on the rise to reach $X after two years of decline. In general, consumption, however, recorded a abrupt setback. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Knitting Machines Production in the Czech Republic

In value terms, knitting machines production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 5.8% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Knitting Machines Exports

Exports from the Czech Republic

After two years of growth, overseas shipments of knitting machineses decreased by -11.5% to X units in 2021. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 1,045%. As a result, the exports attained the peak of X units, and then shrank in the following year.

In value terms, knitting machines exports surged to $X in 2021. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 137% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Uzbekistan (X units) was the main destination for knitting machines exports from the Czech Republic, with a 58% share of total exports. Moreover, knitting machines exports to Uzbekistan exceeded the volume sent to the second major destination, Germany (X units), fourfold. The third position in this ranking was held by Switzerland (X units), with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume to Uzbekistan stood at +2,101.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+24.9% per year) and Switzerland (+117.1% per year).

In value terms, Turkey ($X) remains the key foreign market for knitting machineses exports from the Czech Republic, comprising 34% of total exports. The second position in the ranking was held by Germany ($X), with an 11% share of total exports. It was followed by Argentina, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey totaled +33.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.6% per year) and Argentina (+40.8% per year).

Export Prices by Country

In 2021, the average knitting machines export price amounted to $X per unit, rising by 47% against the previous year. Overall, the export price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of 77%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Turkey ($X per unit), while the average price for exports to Uzbekistan ($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 Nepal (+9.5%), while the prices for the other major destinations experienced a decline.

Knitting Machines Imports

Imports into the Czech Republic

In 2021, the amount of knitting machineses imported into the Czech Republic soared to X units, increasing by 39% on 2020 figures. Over the period under review, imports posted resilient growth. The pace of growth was the most pronounced in 2013 with an increase of 56% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, knitting machines imports shrank to $X in 2021. Overall, imports saw buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 135%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and Taiwan (Chinese) (X units) were the main suppliers of knitting machines imports to the Czech Republic, together comprising 78% of total imports. These countries were followed by Poland, the UK, Turkey and Japan, which together accounted for a further 7.3%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +82.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the largest knitting machines suppliers to the Czech Republic, together comprising 61% of total imports. Japan, the UK, Turkey and Poland lagged somewhat behind, together accounting for a further 16%.

Among the main suppliers, the UK, with a CAGR of +51.2%, 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, falling by -37.7% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 62% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 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 Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform