Switzerland: Knitting Machines Market 2024

Knitting Machines Market Size in Switzerland

The Swiss knitting machines market reduced to $X in 2021, therefore, remained relatively stable against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Knitting machines consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Knitting Machines Production in Switzerland

In value terms, knitting machines production totaled $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 4.9%. Knitting machines production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Knitting Machines Exports

Exports from Switzerland

In 2021, knitting machines exports from Switzerland surged to X units, with an increase of 24% compared with the previous year. Overall, exports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by 29%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, knitting machines exports soared to $X in 2021. In general, exports, however, continue to indicate a deep downturn. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Guinea (X units) and Austria (X units) were the main destinations of knitting machines exports from Switzerland, together accounting for 46% of total exports. Spain, Portugal, Hungary, Italy, Chile, India, Kazakhstan, Latvia, Poland and Lithuania lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the biggest increases were recorded for Latvia (with a CAGR of +91.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X) emerged as the key foreign market for knitting machineses exports from Switzerland, comprising 36% of total exports. The second position in the ranking was held by Germany ($X), with an 8.1% share of total exports. It was followed by Italy, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value to India amounted to +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-12.3% per year) and Italy (-3.4% per year).

Export Prices by Country

The average knitting machines export price stood at $X per unit in 2021, picking up by 48% against the previous year. Overall, the export price, however, recorded a deep slump. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was India ($X per unit), while the average price for exports to Chile ($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 India (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Knitting Machines Imports

Imports into Switzerland

In 2021, supplies from abroad of knitting machineses increased by 2.9% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of 58%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, knitting machines imports surged to $X in 2021. The total import value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 39% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of knitting machines to Switzerland, accounting for a 65% share of total imports. Moreover, knitting machines imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold. The third position in this ranking was taken by Italy (X units), with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+24.1% per year) and Italy (+22.0% per year).

In value terms, Germany ($X) constituted the largest supplier of knitting machineses to Switzerland, comprising 59% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Japan, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+26.6% per year) and Japan (+10.4% per year).

Import Prices by Country

The average knitting machines import price stood at $X per unit in 2021, picking up by 18% against the previous year. Over the period under review, the import price showed buoyant growth. The pace of growth was the most pronounced in 2013 when the average import price increased by 66% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for Taiwan (Chinese) ($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 (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform