In 2023, Germany and Italy led European imports of knitting machines, showing growth of 10.71% and 26.63% respectively. Spain and Belgium faced notable declines, while Ireland and the Netherlands experienced significant increases. The Netherlands saw outstanding growth at 96.08%. France's imports dipped by 7.03%, while the UK decreased by 14.74%. Portugal, Greece, and Hungary showed positive trends, with Hungary growing by 56.46%.
Looking ahead, the industry may witness:
- Continued strong performance from emerging markets like the Netherlands and Hungary.
- Potential rebound in traditional markets such as Spain and Belgium.
- Influences of technological advancements and sustainability practices on import dynamics.
Top countries in Import of Flat Knitting Machines, Stitch-Bonding Machines and Warp Knitting Machines by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 27,140 | 2023 | +4.65% | +10.71% | View data |
| 2 | 2 Italy | 23,410 | 2023 | +45.36% | +26.63% | View data |
| 3 | 3 Spain | 10,400 | 2023 | +6.62% | -26.17% | View data |
| 4 | 4 Ireland | 8,410 | 2023 | +6.74% | +31.54% | View data |
| 5 | 5 France | 6,990 | 2023 | -22.93% | -7.03% | View data |
| 6 | 6 Belgium | 4,860 | 2023 | +23.96% | -23.64% | View data |
| 7 | 7 Netherlands | 1,650 | 2023 | +30.59% | +96.08% | View data |
| 8 | 8 Greece | 1,440 | 2023 | -1.73% | +15.83% | View data |
| 9 | 9 United Kingdom | 1,160 | 2023 | -14.86% | -14.74% | View data |
| 10 | 10 Portugal | 900 | 2023 | -3.43% | +8.05% | View data |
