In 2023, Italy dominated the global export market for circular knitting machines with cylinder diameters not exceeding 165 mm, holding a substantial lead with a 60.26% market share. China followed with 23.39%, while Germany and the United States maintained small shares at 3.34% and 3.05%, respectively. Slovenia showed a significant year-on-year increase of 10.11%, while Lithuania had an exceptional rise of 84.15%. In contrast, South Korea experienced a drastic decline of 29.87%, and Pakistan saw a 39.25% decrease.
Future trends indicate an increasing shift toward countries like Morocco, which experienced a notable 146.98% growth. Additionally, technological advancements and demand in emerging markets could further influence market shares. Observing geopolitical dynamics and trade policies will be crucial in predicting changes in global export patterns.
Top countries in Export of Circular Knitting Machines with Cylinder Diameter Not Exceeding 165 mm Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 60.26 | 2023 | -0.26% | -1.85% | View data |
| 2 | 2 China | 23.39 | 2023 | +4.15% | +5.02% | View data |
| 3 | 3 Germany | 3.34 | 2023 | -2.38% | -0.72% | View data |
| 4 | 4 United States | 3.05 | 2023 | -1.44% | -1.51% | View data |
| 5 | 5 Slovenia | 1.01 | 2023 | +4.51% | +10.11% | View data |
| 6 | 6 Croatia | 0.72 | 2023 | +5.63% | +0.65% | View data |
| 7 | 7 Spain | 0.67 | 2023 | +0.19% | +1.55% | View data |
| 8 | 8 South Korea | 0.45 | 2023 | -46.8% | -29.87% | View data |
| 9 | 9 Serbia | 0.33 | 2023 | +4.61% | +5.34% | View data |
| 10 | 10 Portugal | 0.31 | 2023 | +3.7% | +2.26% | View data |
