South Africa: Knitting Machine Market 2024

Knitting Machine Market Size in South Africa

The South African knitting machine market reduced dramatically 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). In general, consumption faced a deep downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Knitting Machine Exports

Exports from South Africa

In 2022, the amount of flat knitting machines, stitch-bonding machines and warp knitting machines exported from South Africa dropped significantly to X units, falling by X% on 2021 figures. Over the period under review, exports showed a deep reduction. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, knitting machine exports shrank markedly to $X in 2022. In general, exports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Namibia (X units), Botswana (X units) and Lesotho (X units) were the main destinations of knitting machine exports from South Africa, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Namibia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Namibia ($X) and Swaziland ($X) constituted the largest markets for knitting machine exported from South Africa worldwide, with a combined X% share of total exports.

Namibia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average knitting machine export price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a significant contraction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the UK ($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 Namibia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Knitting Machine Imports

Imports into South Africa

Knitting machine imports into South Africa declined significantly to X units in 2022, dropping by X% on the previous year's figure. Overall, imports faced a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, knitting machine imports dropped sharply to $X in 2022. In general, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of knitting machine to South Africa, with a X% share of total imports. Moreover, knitting machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), eightfold. Italy (X units) ranked third in terms of total imports 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: Germany (X% per year) and Italy (X% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Germany ($X) were the largest knitting machine suppliers to South Africa, together accounting for X% of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average knitting machine import price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the import price enjoyed a buoyant increase. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Taiwan (Chinese) ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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