EU: Knitting Machines Market 2024

Knitting Machines Market Size in the EU

In 2021, the EU knitting machines market decreased by -17.3% to $X, falling for the fourth year in a row after two years of growth. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Knitting Machines Production in the EU

In value terms, knitting machines production reduced markedly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of 5.6%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Knitting Machines Exports

Exports in the EU

In 2021, the amount of knitting machineses exported in the European Union skyrocketed to X units, surging by 534% compared with 2020. Overall, exports continue to indicate a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, knitting machines exports skyrocketed to $X in 2021. In general, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 62% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands was the main exporter of knitting machineses in the European Union, with the volume of exports amounting to X units, which was near 78% of total exports in 2021. Germany (X units) held the second position in the ranking, followed by Italy (X units). All these countries together took approx. 17% share of total exports. Spain (X units) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the knitting machineses exports, with a CAGR of +69.7% from 2012 to 2021. At the same time, Italy (+13.8%) and Spain (+7.5%) displayed positive paces of growth. By contrast, Germany (-16.3%) illustrated a downward trend over the same period. While the share of the Netherlands (+77 p.p.) and Italy (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Germany (-81.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), Germany ($X) and Spain ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 87% share of total exports. These countries were followed by the Netherlands, which accounted for a further 2.4%.

The Netherlands, with a CAGR of +12.5%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, declining by -77.4% against the previous year. Overall, the export price faced a drastic downturn. The pace of growth appeared the most rapid in 2014 an increase of 90% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Italy ($X per unit), while the Netherlands ($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 (+3.2%), while the other leaders experienced a decline in the export price figures.

Knitting Machines Imports

Imports in the EU

In 2021, the amount of knitting machineses imported in the European Union soared to X units, with an increase of 46% against 2020. Overall, imports posted resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, knitting machines imports soared to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the six major importers of knitting machineses, namely France, Italy, Belgium, Spain, Germany and the Netherlands, represented more than two-thirds of total import. The following importers - Portugal (X units), Hungary (X units), Poland (X units) and Austria (X units) - together made up 12% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hungary (with a CAGR of +56.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constitutes the largest market for imported knitting machineses in the European Union, comprising 37% of total imports. The second position in the ranking was taken by France ($X), with a 13% share of total imports. It was followed by Germany, with an 11% share.

In Italy, knitting machines imports expanded at an average annual rate of +4.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: France (+10.0% per year) and Germany (-1.2% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per unit, which is down by -6% against the previous year. In general, the import price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2013 an increase of 22% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per unit), while Belgium ($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 (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform