Italy leads the export of circular knitting machines with cylinder diameters not exceeding 165 mm, significantly ahead of China and Germany. China has seen a growth of 5.02% year-on-year, whereas Italy experienced a slight decline of 1.85%. Notable growth was observed in Slovenia (10.11%), Israel (13.65%), and Lithuania (84.15%) over the last year. Meanwhile, South Korea, Denmark, and Pakistan registered the most significant declines, highlighting market volatility. Within the past five years, Morocco demonstrated exceptional growth in exports.
Future trends to watch include the growing demand in emerging markets and potential technological innovations that could shift competitive dynamics. Monitoring China's persistent growth and Italy's response to challenges will be essential for gauging market leadership changes.
Top countries in Export of Circular Knitting Machines with Cylinder Diameter Not Exceeding 165 mm by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 168,650,000 | 2023 | -0.26% | -1.85% | View data |
| 2 | 2 China | 65,471,000 | 2023 | +4.15% | +5.02% | View data |
| 3 | 3 Germany | 9,357,300 | 2023 | -2.38% | -0.72% | View data |
| 4 | 4 United States | 8,539,000 | 2023 | -1.44% | -1.51% | View data |
| 5 | 5 Slovenia | 2,813,000 | 2023 | +4.51% | +10.11% | View data |
| 6 | 6 Croatia | 2,021,100 | 2023 | +5.63% | +0.65% | View data |
| 7 | 7 Spain | 1,871,100 | 2023 | +0.19% | +1.55% | View data |
| 8 | 8 South Korea | 1,254,400 | 2023 | -46.8% | -29.87% | View data |
| 9 | 9 Serbia | 913,940 | 2023 | +4.61% | +5.34% | View data |
| 10 | 10 Portugal | 864,750 | 2023 | +3.7% | +2.26% | View data |
