Germany: Knitting Machine Market 2024

Knitting Machine Market Size in Germany

In 2022, after two years of growth, there was significant decline in the German knitting machine market, when its value decreased by X% to $X. Over the period under review, consumption showed a noticeable slump. 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 Germany

In value terms, knitting machine production shrank to $X in 2022 estimated in export price. Overall, production recorded a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. Knitting machine production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Knitting Machine Exports

Exports from Germany

In 2022, shipments abroad of flat knitting machines, stitch-bonding machines and warp knitting machines decreased by X% to X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports continue to indicate a pronounced slump. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, knitting machine exports stood at $X in 2022. In general, exports saw a drastic downturn. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), France (X units) and the UK (X units) were the main destinations of knitting machine exports from Germany, together accounting for X% of total exports. Russia, Turkey, Italy, Switzerland, Guatemala, Brazil, the Netherlands, Qatar, China and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for knitting machine exported from Germany were Turkey ($X), Italy ($X) and China ($X), together comprising X% of total exports. The United States, India, Brazil, France, Russia, the UK, Guatemala, Switzerland, the Netherlands and Qatar lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Guatemala, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average knitting machine export price stood at $X per unit in 2022, approximately mirroring the previous year. In general, the export price showed a deep downturn. The growth pace was the most rapid in 2013 when the average export price decreased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Knitting Machine Imports

Imports into Germany

In 2022, supplies from abroad of flat knitting machines, stitch-bonding machines and warp knitting machines decreased by X% to X units, falling for the third year in a row after four years of growth. Over the period under review, imports posted prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, knitting machine imports totaled $X in 2022. Overall, imports saw a noticeable contraction. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of knitting machine to Germany, accounting for a X% share of total imports. It was followed by Poland (X units), with a X% share of total imports. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a X% share.

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

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

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the average knitting machine import price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the import price saw a drastic downturn. The growth pace was the most rapid in 2014 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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