In 2023, Germany imported circular knitting machines with a cylinder diameter exceeding 165 mm at a volume lower than the forecast for 2024. Based on projections, a modest annual increase in imports is expected: 0.56% in 2025, 0.55% in 2026, 0.53% in 2027, and 0.52% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated at approximately 0.54%, reflecting a stable import volume over the five-year period.
Future trends to watch for:
- Technological advancements in knitting machinery potentially driving demand.
- Economic factors and trade agreements influencing import trends.
- Sustainability practices impacting production and import preferences.
