United Kingdom: Knitting Machine Market 2025

Knitting Machine Market Size in the UK

The UK knitting machine market rose slightly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption continues to indicate temperate growth. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Knitting Machine Production in the UK

In value terms, knitting machine production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Knitting Machine Exports

Exports from the UK

Knitting machine exports from the UK declined notably to X units in 2022, dropping by X% compared with 2021. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, knitting machine exports reduced sharply to $X in 2022. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units), France (X units) and Lithuania (X units) were the main destinations of knitting machine exports from the UK, with a combined X% share of total exports. Germany, the Czech Republic, Sweden and Norway lagged somewhat behind, together comprising a further X%.

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

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

From 2012 to 2022, the average annual growth rate of value to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Lithuania (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, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the Czech Republic ($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 Norway (X%), while the prices for the other major destinations experienced more modest paces of growth.

Knitting Machine Imports

Imports into the UK

In 2022, approx. X units of flat knitting machines, stitch-bonding machines and warp knitting machines were imported into the UK; waning by X% on the previous year. Over the period under review, imports recorded a deep contraction. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, knitting machine imports soared to $X in 2022. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest knitting machine supplier to the UK, 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), twofold.

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

In value terms, Germany ($X), Japan ($X) and China ($X) were the largest knitting machine suppliers to the UK, together comprising X% of total imports.

In terms of the main suppliers, Germany, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average knitting machine import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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