Ireland: Knitting Machines Market 2024

Knitting Machines Market Size in Ireland

The Irish knitting machines market skyrocketed to $X in 2021, surging by 95% against the previous year. In general, consumption recorded a significant increase. Knitting machines consumption peaked in 2021 and is likely to continue growth in years to come.

Knitting Machines Production in Ireland

In value terms, knitting machines production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by 10% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then reduced slightly in the following year.

Knitting Machines Exports

Exports from Ireland

In 2021, the amount of knitting machineses exported from Ireland surged to X units, with an increase of 114% compared with 2020. In general, exports, however, recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by 809% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, knitting machines exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 998% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Switzerland (X units) was the main destination for knitting machines exports from Ireland, accounting for a 60% share of total exports. Moreover, knitting machines exports to Switzerland exceeded the volume sent to the second major destination, the UK (X units), twofold.

From 2012 to 2021, the average annual growth rate of volume to Switzerland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-2.8% per year) and South Africa (-32.0% per year).

In value terms, the largest markets for knitting machines exported from Ireland were South Africa ($X), the UK ($X) and Switzerland ($X), with a combined 82% share of total exports.

South Africa, with a CAGR of +34.9%, recorded the highest growth rate of the value of exports, in terms of 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

The average knitting machines export price stood at $X per unit in 2021, waning by -16.4% against the previous year. In general, the export price, however, showed a significant increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 2,064% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was South Africa ($X per unit), while the average price for exports to Switzerland ($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 Norway (+3,095.3%), while the prices for the other major destinations experienced more modest paces of growth.

Knitting Machines Imports

Imports into Ireland

In 2021, approx. X units of knitting machineses were imported into Ireland; rising by 282% compared with 2020 figures. In general, imports posted significant growth. The pace of growth was the most pronounced in 2014 with an increase of 670%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, knitting machines imports surged to $X in 2021. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2013 when imports increased by 298%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest knitting machines supplier to Ireland, with a 52% share of total imports. Moreover, knitting machines imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. Japan (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +85.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+40.1% per year) and Japan (+79.4% per year).

In value terms, the largest knitting machines suppliers to Ireland were the United States ($X), Italy ($X) and Taiwan (Chinese) ($X), with a combined 60% share of total imports. Japan, China, South Korea, Germany and Thailand lagged somewhat behind, together accounting for a further 31%.

South Korea, with a CAGR of +2,367.8%, recorded 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 more modest paces of growth.

Import Prices by Country

The average knitting machines import price stood at $X per unit in 2021, dropping by -55.4% against the previous year. Over the period under review, the import price saw a deep setback. The growth pace was the most rapid in 2013 when the average import price increased by 1,196%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+211.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform