Portugal: Knitting Machine Market 2024

Knitting Machine Market Size in Portugal

The Portuguese knitting machine market shrank modestly to $X in 2022, which is down by X% against the previous year. Overall, consumption enjoyed a resilient increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Knitting Machine Production in Portugal

In value terms, knitting machine production declined modestly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Knitting machine production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Knitting Machine Exports

Exports from Portugal

In 2022, overseas shipments of flat knitting machines, stitch-bonding machines and warp knitting machines increased by X% to X units, rising for the second consecutive year after three years of decline. In general, exports showed a buoyant expansion. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, knitting machine exports surged to $X in 2022. Over the period under review, exports showed mild growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X units), Mexico (X units) and Spain (X units) were the main destinations of knitting machine exports from Portugal, with a combined X% share of total exports. Moreover, knitting machine exports in Italy exceeded the figures recorded by the second-largest exporter, Mexico, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Spain ($X) and Mexico ($X) appeared to be the largest markets for knitting machine exported from Portugal worldwide, with a combined X% share of total exports.

Among the main countries of destination, India, with a CAGR of X%, saw the highest rates of growth with regard to 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 machine export price stood at $X per unit in 2022, waning by X% against the previous year. In general, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 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 India ($X per unit), while the average price for exports to Italy ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Knitting Machine Imports

Imports into Portugal

In 2022, approx. X units of flat knitting machines, stitch-bonding machines and warp knitting machines were imported into Portugal; growing by X% on the year before. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, knitting machine imports amounted to $X in 2022. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X units) constituted the largest supplier of knitting machine to Portugal, with a X% share of total imports. Moreover, knitting machine imports from Spain exceeded the figures recorded by the second-largest supplier, Sri Lanka (X units), threefold. The third position in this ranking was taken by China (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (X% per year) and China (X% per year).

In value terms, the largest knitting machine suppliers to Portugal were Spain ($X), the United States ($X) and Germany ($X), together accounting for X% of total imports. Italy, China, Sri Lanka, Denmark and Japan lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Sri Lanka, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average knitting machine import price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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