Japan: Knitting Machines Market 2024

Knitting Machines Market Size in Japan

The Japanese knitting machines market declined remarkably to $X in 2021, which is down by -18.8% against the previous year. Over the period under review, consumption, however, recorded buoyant growth. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank significantly in the following year.

Knitting Machines Production in Japan

In value terms, knitting machines production reduced to $X in 2021 estimated in export price. In general, production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 43% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then reduced in the following year.

Knitting Machines Exports

Exports from Japan

In 2021, shipments abroad of knitting machineses was finally on the rise to reach X units after seven years of decline. Overall, exports, however, continue to indicate a deep slump. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, knitting machines exports surged to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), China (X units) and Turkey (X units) were the main destinations of knitting machines exports from Japan, with a combined 50% share of total exports. These countries were followed by Australia, Italy, France, Pakistan, the Netherlands, Bangladesh, Vietnam, India, Malaysia and Sri Lanka, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +28.4%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Italy ($X) constituted the largest markets for knitting machines exported from Japan worldwide, together comprising 46% of total exports. These countries were followed by Bangladesh, Turkey, Vietnam, India, France, Pakistan, the Netherlands, Sri Lanka, Australia and Malaysia, which together accounted for a further 34%.

Among the main countries of destination, France, with a CAGR of +40.0%, 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 machines export price stood at $X per unit in 2021, reducing by -18.6% against the previous year. Over the period under review, the export price, however, saw prominent growth. The most prominent rate of growth was recorded in 2017 an increase of 64%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Bangladesh ($X per unit), while the average price for exports to Australia ($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 Malaysia (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.

Knitting Machines Imports

Imports into Japan

After six years of decline, purchases abroad of knitting machineses increased by 152% to X units in 2021. In general, imports, however, faced a abrupt descent. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, knitting machines imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt decrease. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest knitting machines supplier to Japan, accounting for a 42% share of total imports. Moreover, knitting machines imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. The third position in this ranking was held by Spain (X units), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-5.5% per year) and Spain (-0.7% per year).

In value terms, China ($X) constituted the largest supplier of knitting machineses to Japan, comprising 43% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 21% share of total imports. It was followed by Germany, with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+5.2% per year) and Germany (-10.0% per year).

Import Prices by Country

The average knitting machines import price stood at $X per unit in 2021, with a decrease of -23.6% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2017 when the average import price increased by 65% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then contracted remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+31.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform