India: Knitting Machine Market 2025

Knitting Machine Market Size in India

The Indian knitting machine market declined sharply to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a prominent expansion. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Knitting Machine Exports

Exports from India

In 2022, overseas shipments of flat knitting machines, stitch-bonding machines and warp knitting machines decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then contracted sharply in the following year.

In value terms, knitting machine exports declined rapidly to $X in 2022. In general, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Nepal (X units) was the main destination for knitting machine exports from India, accounting for a X% share of total exports. Moreover, knitting machine exports to Nepal exceeded the volume sent to the second major destination, Kenya (X units), ninefold. Thailand (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Nepal stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and Thailand (X% per year).

In value terms, Nepal ($X), Kenya ($X) and Thailand ($X) constituted the largest markets for knitting machine exported from India worldwide, with a combined X% share of total exports. Brazil, Zambia, Sri Lanka, Zimbabwe and Germany lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the average knitting machine export price amounted to $X per unit, falling by X% against the previous year. In general, the export price saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the average export prices attained the peak figure 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 Kenya ($X per unit), while the average price for exports to Zimbabwe ($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 Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Knitting Machine Imports

Imports into India

In 2022, the amount of flat knitting machines, stitch-bonding machines and warp knitting machines imported into India fell remarkably to X units, waning by X% against the previous year's figure. Over the period under review, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then reduced notably in the following year.

In value terms, knitting machine imports dropped sharply to $X in 2022. Overall, imports, however, continue to indicate modest growth. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest knitting machine supplier to India, accounting for a X% share of total imports. Moreover, knitting machine imports from China exceeded the figures recorded by the second-largest supplier, Sri Lanka (X units), more than tenfold. The third position in this ranking was held 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: Sri Lanka (X% per year) and Taiwan (Chinese) (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (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, picking up by X% against the previous year. In general, the import price, however, saw a abrupt decline. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, 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 South Korea ($X per unit), while the price for Sri Lanka ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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