In 2023, China leads the global export market for circular knitting machines with cylinder diameters exceeding 165 mm, significantly outpacing other countries in value. Germany and Japan follow but are considerably behind. Among notable variations, the United Arab Emirates experienced the most substantial year-on-year increase, while Spain saw a significant decline. Over the past five years, the market has faced mixed growth trends, with some countries like Poland and Slovakia showing positive CAGR, contributing to the overall fluctuating landscape of this industry.
Future trends to watch:
- Continued dominance of China, driven by competitive manufacturing capabilities and expanding markets.
- Potential recovery in European countries like Italy and Spain, contingent on industrial measures and technology advancements.
- Emerging markets such as Belarus and Chile could increase as they capitalize on production cost efficiencies.
- Technological innovations and the push towards sustainable manufacturing practices may influence overall market dynamics.
Top countries in Export of Circular Knitting Machines with Cylinder Diameter Exceeding 165 mm by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 234,380,000 | 2023 | +4.37% | +6.09% | View data |
| 2 | 2 Germany | 125,710,000 | 2023 | -0.78% | -0.51% | View data |
| 3 | 3 Japan | 48,875,000 | 2023 | +0.0098% | -1.35% | View data |
| 4 | 4 Italy | 31,110,000 | 2023 | -9.04% | -8.98% | View data |
| 5 | 5 South Korea | 22,140,000 | 2023 | +0.052% | +0.65% | View data |
| 6 | 6 Czech Republic | 18,586,000 | 2023 | +4.44% | +2.11% | View data |
| 7 | 7 United States | 12,576,000 | 2023 | +0.43% | -1.26% | View data |
| 8 | 8 United Kingdom | 9,085,200 | 2023 | -2.44% | -2.52% | View data |
| 9 | 9 Thailand | 1,352,500 | 2023 | +5.59% | +0.91% | View data |
| 10 | 10 Brazil | 1,023,600 | 2023 | -3.02% | -3.94% | View data |
