In 2024, the United Kingdom leads the European export market for circular knitting machines, with a significant advantage over other countries. Belgium, Denmark, and France have experienced notable growth, marked by year-on-year export increases of 103.69%, 55.24%, and 85.37%, respectively, highlighting strong performance. Conversely, Italy experienced a dramatic drop of 100% in exports, indicating possible market issues. Germany showed a slight decline of 0.78%, suggesting stability. Other countries, like Estonia, Netherlands, and Bulgaria, saw notable decreases, signaling potential challenges.
Future trends to watch include the diversification of supply chains and investment in technology within countries such as Belgium and Denmark, which may continue to experience growth. Additionally, the UK's dominant position may drive increased market competitiveness, necessitating adaptations from other countries to enhance their market presence and seize emerging opportunities in this sector.
Top countries in Export of Circular Knitting Machines by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 50,240 | 2023 | +5.93% | +13.5% | View data |
| 2 | 2 Germany | 2,310 | 2023 | +0.7% | -0.78% | View data |
| 3 | 3 Italy | 1,810 | 2023 | -25.58% | View data | |
| 4 | 4 Belgium | 1,160 | 2023 | 0% | +103.69% | View data |
| 5 | 5 Denmark | 553 | 2023 | +3% | +55.24% | View data |
| 6 | 6 Spain | 452 | 2023 | -42.64% | -5.57% | View data |
| 7 | 7 France | 197 | 2023 | +18.67% | +85.37% | View data |
| 8 | 8 Czechia | 122 | 2023 | |||
| 9 | 9 Estonia | 122 | 2023 | +3.39% | -27.28% | View data |
| 10 | 10 Netherlands | 114 | 2023 | -2.56% | -16.15% | View data |
