The forecast for the import of circular knitting machines with cylinder diameters not exceeding 165 mm to France indicates a downward trend from 2024 through 2028. For context, the import value in 2023 was higher than the forecasted values starting 2024, marking a consistent decline over the five-year period. Year-on-year variations suggest a decrease with values falling nearly 7-8% each year, illustrating declining demand or possible market saturation. A five-year compound annual growth rate (CAGR) reflects this steady decline in import value.
Future trends to watch include advancements in local manufacturing capabilities within the EU which could reduce dependency on imports, or potential shifts in demand driven by changes in textile industry needs, technological advancements, or trade agreements.
