Sweden: Knitting Machine Market 2024

Knitting Machine Market Size in Sweden

The Swedish knitting machine market declined to $X in 2022, almost unchanged from the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Knitting Machine Production in Sweden

In value terms, knitting machine production contracted slightly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Knitting machine production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Knitting Machine Exports

Exports from Sweden

In 2022, exports of flat knitting machines, stitch-bonding machines and warp knitting machines from Sweden skyrocketed to X units, picking up by X% compared with the previous year's figure. Over the period under review, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, knitting machine exports surged to $X in 2022. In general, exports, however, recorded a dramatic decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X units) was the main destination for knitting machine exports from Sweden, accounting for a X% share of total exports. Moreover, knitting machine exports to Brazil exceeded the volume sent to the second major destination, the UK (X units), threefold. Russia (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Russia (X% per year).

In value terms, the UK ($X) remains the key foreign market for flat knitting machines, stitch-bonding machines and warp knitting machines exports from Sweden, comprising X% of total exports. The second position in the ranking was taken by Norway ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Brazil (X% per year).

Export Prices by Country

The average knitting machine export price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price, however, showed a dramatic contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Brazil ($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 the UK (X%), while the prices for the other major destinations experienced mixed trend patterns.

Knitting Machine Imports

Imports into Sweden

In 2022, supplies from abroad of flat knitting machines, stitch-bonding machines and warp knitting machines increased by X% to X units, rising for the third consecutive year after two years of decline. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, knitting machine imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of knitting machine to Sweden, accounting for a X% share of total imports. Moreover, knitting machine imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X units), ninefold. The third position in this ranking was taken by Turkey (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X.0% per year) and Turkey (X% per year).

In value terms, Germany ($X) constituted the largest supplier of flat knitting machines, stitch-bonding machines and warp knitting machines to Sweden, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X.8% per year) and China (X% per year).

Import Prices by Country

The average knitting machine import price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 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 China ($X per unit), while the price for Norway ($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 UK (X.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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