Global Knitting Machine Market 2024

Knitting Machine Market Size

In 2022, the global knitting machine market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the global market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Knitting Machine Production

In value terms, knitting machine production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production saw a mild contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. Global production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Knitting Machine Exports

Exports

In 2022, approx. X units of flat knitting machines, stitch-bonding machines and warp knitting machines were exported worldwide; increasing by X% against the previous year's figure. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by X%. The global exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, knitting machine exports surged to $X in 2022. Overall, exports, however, continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The global exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X units) was the main exporter of flat knitting machines, stitch-bonding machines and warp knitting machines, mixing up X% of total exports. It was distantly followed by Germany (X units), comprising a X% share of total exports. The following exporters - Taiwan (Chinese) (X units), Japan (X units) and the UK (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to knitting machine exports from China stood at X%. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Germany (X%), Japan (X%) and the UK (X%) illustrated a downward trend over the same period. China (X p.p.) and Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the global exports, while Japan, Germany and the UK saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest knitting machine supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Germany ($X), with a X% share of global exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and Japan (X% per year).

Export Prices by Country

The average knitting machine export price stood at $X per unit in 2022, jumping by X% against the previous year. In general, the export price, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The global 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 amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the UK ($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 other global leaders experienced a decline in the export price figures.

Knitting Machine Imports

Imports

Global knitting machine imports surged to X units in 2022, increasing by X% on the previous year's figure. Overall, imports showed a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of global imports failed to regain momentum.

In value terms, knitting machine imports shrank to $X in 2022. Over the period under review, imports, however, showed a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, global imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Canada represented the largest importer of flat knitting machines, stitch-bonding machines and warp knitting machines in the world, with the volume of imports reaching X units, which was approx. X% of total imports in 2022. India (X units) took the second position in the ranking, followed by Bangladesh (X units) and Thailand (X units). All these countries together took near X% share of total imports. Bolivia (X units), Italy (X units), Russia (X units), Turkey (X units), Spain (X units), Myanmar (X units), Brazil (X units), Germany (X units) and Argentina (X units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to knitting machine imports into Canada stood at X%. At the same time, Myanmar (X%), Thailand (X%), Germany (X%), Bolivia (X%), Argentina (X%), India (X%), Brazil (X%), Turkey (X%), Spain (X%) and Italy (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Bangladesh (X%) and Russia (X%) illustrated a downward trend over the same period. Canada (X p.p.), Thailand (X p.p.), India (X p.p.), Bolivia (X p.p.) and Myanmar (X p.p.) significantly strengthened its position in terms of the global imports, while Spain, Italy, Russia and Bangladesh saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), India ($X) and Italy ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of global imports. Bangladesh, Brazil, Russia, Argentina, Germany, Thailand, Canada, Spain, Bolivia and Myanmar lagged somewhat behind, together accounting for a further X%.

Canada, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average knitting machine import price stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :