EU: Knitting Machine Market 2024

Knitting Machine Market Size in the EU

The EU knitting machine market fell modestly to $X in 2022, dropping by X% against the previous year. Overall, consumption continues to indicate a noticeable descent. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Knitting Machine Production in the EU

In value terms, knitting machine production contracted slightly to $X in 2022 estimated in export price. In general, production showed a abrupt setback. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Knitting Machine Exports

Exports in the EU

In 2022, shipments abroad of flat knitting machines, stitch-bonding machines and warp knitting machines increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, knitting machine exports skyrocketed to $X in 2022. Overall, exports, however, faced a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Germany dominates exports structure, finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Spain (X units), mixing up a X% share of total exports. The following exporters - Italy (X units) and France (X units) - each reached a X% share of total exports.

Exports from Germany decreased at an average annual rate of X% from 2012 to 2022. At the same time, France (X%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Spain experienced a relatively flat trend pattern. By contrast, Italy (X%) illustrated a downward trend over the same period. Germany (X p.p.), France (X p.p.) and Spain (X p.p.) significantly strengthened its position in terms of the total exports, while Italy saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Germany ($X) emerged as the largest knitting machine supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

In Germany, knitting machine exports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced a decline in the export price figures.

Knitting Machine Imports

Imports in the EU

In 2022, approx. X units of flat knitting machines, stitch-bonding machines and warp knitting machines were imported in the European Union; picking up by X% compared with the previous year. Total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, knitting machine imports soared to $X in 2022. Overall, imports, however, saw a mild contraction. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X units) and Spain (X units) were the key importers of flat knitting machines, stitch-bonding machines and warp knitting machines in 2022, recording near X% and X% of total imports, respectively. Germany (X units) ranks next in terms of the total imports with a X% share, followed by France (X%). Finland (X units), Hungary (X units) and Lithuania (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constitutes the largest market for imported flat knitting machines, stitch-bonding machines and warp knitting machines in the European Union, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by France, with a X% share.

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

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, stabilizing at the previous year. In general, the import price showed a pronounced slump. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hungary ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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