Netherlands: Knitting Machines Market 2024

Knitting Machines Market Size in the Netherlands

In 2021, the Dutch knitting machines market increased by 12% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a significant increase. Knitting machines consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Knitting Machines Production in the Netherlands

In value terms, knitting machines production totaled less than $X in 2021 estimated in export price. Overall, production enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 184%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Knitting Machines Exports

Exports from the Netherlands

In 2021, shipments abroad of knitting machineses increased by 111,103% to X units, rising for the second year in a row after three years of decline. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, knitting machines exports skyrocketed to $X in 2021. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 152%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

France (X units), Thailand (X units) and Germany (X units) were the main destinations of knitting machines exports from the Netherlands, with a combined 69% share of total exports. Italy, Latvia, Turkey and Estonia lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +297.5%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Italy ($X) were the largest markets for knitting machines exported from the Netherlands worldwide, together accounting for 83% of total exports. These countries were followed by Turkey, Thailand, Latvia and Estonia, which together accounted for a further 5.5%.

Among the main countries of destination, Latvia, with a CAGR of +62.3%, 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, declining by -99.9% against the previous year. Overall, the export price faced a dramatic contraction. The most prominent rate of growth was recorded in 2017 an increase of 748% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2020, and then fell sharply in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Thailand ($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 Germany (-17.7%), while the prices for the other major destinations experienced a decline.

Knitting Machines Imports

Imports into the Netherlands

For the third year in a row, the Netherlands recorded growth in purchases abroad of knitting machineses, which increased by 94% to X units in 2021. In general, imports posted buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 1,305% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, knitting machines imports soared to $X in 2021. Over the period under review, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 66% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X units), Japan (X units) and China (X units) were the main suppliers of knitting machines imports to the Netherlands, together accounting for 80% of total imports. These countries were followed by the United States, Singapore, France and Germany, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +63.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of knitting machineses to the Netherlands, comprising 58% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 10% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled +38.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+23.7% per year) and the United States (+37.1% per year).

Import Prices by Country

In 2021, the average knitting machines import price amounted to $X per unit, falling by -23.2% against the previous year. Over the period under review, the import price saw a slight decline. The pace of growth was the most pronounced in 2018 an increase of 1,848% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform