Greece: Knitting Machine Market 2024

Knitting Machine Market Size in Greece

The Greek knitting machine market reached $X in 2022, remaining stable against the previous year. In general, the total consumption indicated notable growth from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Knitting machine consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Knitting Machine Production in Greece

In value terms, knitting machine production declined slightly to $X in 2022 estimated in export price. In general, production saw a mild contraction. The most prominent rate of growth was recorded in 2014 with an increase of X%. Knitting machine production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Knitting Machine Exports

Exports from Greece

In 2022, after two years of growth, there was significant decline in overseas shipments of flat knitting machines, stitch-bonding machines and warp knitting machines, when their volume decreased by X% to X units. Over the period under review, exports saw a pronounced slump. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, knitting machine exports skyrocketed to $X in 2022. In general, exports recorded a noticeable decline. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

India (X units) was the main destination for knitting machine exports from Greece, accounting for a X% share of total exports. Moreover, knitting machine exports to India exceeded the volume sent to the second major destination, North Macedonia (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to India totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Pakistan (X% per year).

In value terms, North Macedonia ($X) emerged as the key foreign market for flat knitting machines, stitch-bonding machines and warp knitting machines exports from Greece, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to North Macedonia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Pakistan (X% per year).

Export Prices by Country

The average knitting machine export price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price showed a slight expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per unit), while the average price for exports to Pakistan ($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 North Macedonia (X%), while the prices for the other major destinations experienced a decline.

Knitting Machine Imports

Imports into Greece

In 2022, purchases abroad of flat knitting machines, stitch-bonding machines and warp knitting machines decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, knitting machine imports rose markedly to $X in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its value 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 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X units) constituted the largest supplier of knitting machine to Greece, accounting for a X% share of total imports. Moreover, knitting machine imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. China (X units) ranked third in terms of total imports with a X% share.

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

In value terms, the largest knitting machine suppliers to Greece were Romania ($X), Turkey ($X) and Japan ($X), together accounting for X% of total imports.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average knitting machine import price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, showed a mild descent. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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