Germany: Knitting Machines Market 2024

Knitting Machines Market Size in Germany

The German knitting machines market contracted dramatically to $X in 2021, which is down by -35.8% against the previous year. In general, consumption, however, enjoyed a mild expansion. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Knitting Machines Production in Germany

In value terms, knitting machines production shrank remarkably to $X in 2021 estimated in export price. In general, production saw a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of 6.7%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Knitting Machines Exports

Exports from Germany

In 2021, approx. X units of knitting machineses were exported from Germany; rising by 31% against 2020 figures. Over the period under review, exports, however, faced a deep setback. The pace of growth was the most pronounced in 2018 with an increase of 189% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, knitting machines exports soared to $X in 2021. Overall, exports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2015 when exports increased by 219%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X units) was the main destination for knitting machines exports from Germany, accounting for a 23% share of total exports. Moreover, knitting machines exports to Turkey exceeded the volume sent to the second major destination, China (X units), twofold. India (X units) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey totaled -11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-27.6% per year) and India (-16.4% per year).

In value terms, Turkey ($X) remains the key foreign market for knitting machineses exports from Germany, comprising 18% of total exports. The second position in the ranking was held by China ($X), with an 8.5% share of total exports. It was followed by the United States, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value to Turkey stood at -10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-26.3% per year) and the United States (-1.6% per year).

Export Prices by Country

The average knitting machines export price stood at $X per unit in 2021, growing by 4.7% against the previous year. Overall, the export price showed a tangible expansion. The pace of growth appeared the most rapid in 2015 an increase of 263%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was France ($X per unit), while the average price for exports to Egypt ($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 France (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Knitting Machines Imports

Imports into Germany

In 2021, supplies from abroad of knitting machineses decreased by -17.5% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 37% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, knitting machines imports contracted to $X in 2021. In general, imports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 39% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Vietnam (X units) were the main suppliers of knitting machines imports to Germany, together comprising 63% of total imports. Poland, Japan, Italy, France, Thailand, Austria, the Netherlands, Slovakia, Turkey and Switzerland lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +140.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of knitting machineses to Germany, comprising 39% of total imports. The second position in the ranking was held by Vietnam ($X), with a 15% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) totaled +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+17.9% per year) and China (-4.9% per year).

Import Prices by Country

The average knitting machines import price stood at $X per unit in 2021, with an increase of 18% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of 43%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Switzerland ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+28.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform