Denmark: Knitting Machines Market 2024

Knitting Machines Market Size in Denmark

In 2021, the Danish knitting machines market increased by 81% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a perceptible setback. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Knitting Machines Production in Denmark

In value terms, knitting machines production stood at $X in 2021 estimated in export price. Over the period under review, production continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2016 with an increase of 17% against the previous year. Knitting machines production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Knitting Machines Exports

Exports from Denmark

In 2021, overseas shipments of knitting machineses decreased by -25.2% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 715% against the previous year. As a result, the exports attained the peak of X units. From 2020 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, however, enjoyed mild growth. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X units) was the main destination for knitting machines exports from Denmark, accounting for a 61% share of total exports. Moreover, knitting machines exports to Mexico exceeded the volume sent to the second major destination, Ukraine (X units), twofold. The third position in this ranking was held by Norway (X units), with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico stood at +55.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+51.3% per year) and Norway (+32.3% per year).

In value terms, Ukraine ($X) remains the key foreign market for knitting machineses exports from Denmark, comprising 82% of total exports. The second position in the ranking was held by Mexico ($X), with an 11% share of total exports. It was followed by Norway, with a 1.5% share.

From 2012 to 2021, the average annual growth rate of value to Ukraine totaled +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+74.9% per year) and Norway (+3.6% per year).

Export Prices by Country

The average knitting machines export price stood at $X per unit in 2021, with an increase of 305% against the previous year. Over the period under review, the export price, however, faced a precipitous decline. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Mexico ($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 (+12.5%), while the prices for the other major destinations experienced a decline.

Knitting Machines Imports

Imports into Denmark

In 2021, approx. X units of knitting machineses were imported into Denmark; rising by 62% against the year before. In general, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2014 when imports increased by 522% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, knitting machines imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2014 with an increase of 232% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest knitting machines supplier to Denmark, with a 76% share of total imports. Moreover, knitting machines imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), eightfold. Japan (X units) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +62.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+82.2% per year) and Japan (+20.7% per year).

In value terms, Germany ($X) constituted the largest supplier of knitting machineses to Denmark, comprising 67% of total imports. The second position in the ranking was taken by the UK ($X), with an 11% share of total imports. It was followed by China, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-3.3% per year) and China (+37.1% per year).

Import Prices by Country

The average knitting machines import price stood at $X per unit in 2021, falling by -17.7% against the previous year. Over the period under review, the import price faced a deep downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 85%. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per unit), while the price for South Africa ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+254.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform