Spain: Knitting Machines Market 2024

Knitting Machines Market Size in Spain

In 2021, the Spanish knitting machines market decreased by -64% to $X, falling for the fourth consecutive year after six years of growth. In general, consumption recorded a relatively flat trend pattern. Knitting machines consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Knitting Machines Production in Spain

In value terms, knitting machines production contracted significantly to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt descent. Knitting machines production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Knitting Machines Exports

Exports from Spain

In 2021, overseas shipments of knitting machineses increased by 26% to X units, rising for the fourth year in a row after two years of decline. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 607%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, knitting machines exports shrank dramatically to $X in 2021. Over the period under review, exports, however, recorded a slight reduction. The growth pace was the most rapid in 2019 when exports increased by 25%. The exports peaked at $X in 2020, and then reduced remarkably in the following year.

Exports by Country

Peru (X units), France (X units) and Portugal (X units) were the main destinations of knitting machines exports from Spain, together comprising 45% of total exports. The United States, Morocco, Italy, Poland, India, Colombia, Germany and Nepal lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +111.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for knitting machines exported from Spain were Portugal ($X), France ($X) and the United States ($X), together accounting for 40% of total exports. These countries were followed by Italy, India, Germany, Colombia, Peru, Morocco, Poland and Nepal, which together accounted for a further 36%.

In terms of the main countries of destination, Poland, with a CAGR of +70.8%, saw 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

In 2021, the average knitting machines export price amounted to $X per unit, which is down by -36.6% against the previous year. In general, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 186% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to Nepal ($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 France (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.

Knitting Machines Imports

Imports into Spain

In 2021, the amount of knitting machineses imported into Spain soared to X units, increasing by 36% compared with the previous year. In general, imports saw buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 286%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, knitting machines imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest knitting machines supplier to Spain, with a 44% share of total imports. Moreover, knitting machines imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Peru (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 stood at +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.9% per year) and Peru (+42.8% per year).

In value terms, Japan ($X), China ($X) and Germany ($X) appeared to be the largest knitting machines suppliers to Spain, with a combined 67% share of total imports. Italy, Turkey, the UK, Peru and Thailand lagged somewhat behind, together comprising a further 18%.

In terms of the main suppliers, Thailand, with a CAGR of +81.7%, recorded 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 2021, the average knitting machines import price amounted to $X per unit, surging by 21% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 122%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform