Denmark: Knitting Machine Market 2024

Knitting Machine Market Size in Denmark

In 2022, the Danish knitting machine market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded buoyant growth. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Knitting Machine Production in Denmark

In value terms, knitting machine production amounted to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume decreased by X% against the previous year. Knitting machine production peaked in 2022 and is expected to retain growth in years to come.

Knitting Machine Exports

Exports from Denmark

Knitting machine exports from Denmark contracted to X units in 2022, which is down by X% against the previous year's figure. Overall, exports showed a noticeable slump. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, knitting machine exports reduced dramatically to $X in 2022. In general, exports, however, showed a mild expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2021, and then fell significantly in the following year.

Exports by Country

Norway (X units) was the main destination for knitting machine exports from Denmark, accounting for a X% share of total exports. Moreover, knitting machine exports to Norway exceeded the volume sent to the second major destination, Sweden (X units), threefold. The third position in this ranking was held by Faroe Islands (X units), with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to Norway amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Faroe Islands (X% per year).

In value terms, Norway ($X) remains the key foreign market for flat knitting machines, stitch-bonding machines and warp knitting machines exports from Denmark, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with an X% share of total exports. It was followed by Faroe Islands, with an X% share.

From 2013 to 2022, the average annual growth rate of value to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Faroe Islands (X% per year).

Export Prices by Country

The average knitting machine export price stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Knitting Machine Imports

Imports into Denmark

In 2022, purchases abroad of flat knitting machines, stitch-bonding machines and warp knitting machines increased by X% to X units, rising for the fifth consecutive year after three years of decline. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, knitting machine imports reached $X in 2022. Over the period under review, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest knitting machine supplier to Denmark, with a X% share of total imports. Moreover, knitting machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was held by Norway (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Norway (X% per year).

In value terms, China ($X) constituted the largest supplier of flat knitting machines, stitch-bonding machines and warp knitting machines to Denmark, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the UK (X% per year).

Import Prices by Country

In 2022, the average knitting machine import price amounted to $X per unit, falling by X% against the previous year. In general, the import price showed a precipitous shrinkage. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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