In 2023, China dominated the global export market for flat knitting machines and stitch-bonding machines, far surpassing other countries. It showed a 2.02% increase year-on-year, reinforcing its leading position. Germany and Japan experienced declines of 7.99% and 10.68%, respectively, showing competitive pressure. Notable year-on-year growth in the Netherlands and the United Arab Emirates highlights potential emerging markets. Meanwhile, countries like the United Kingdom and Macedonia faced significant reductions of over 50% each. The CAGR rates varied, with positive growth seen in a handful of nations.
Future trends to watch include:
- China maintaining its stronghold, possibly increasing its market share.
- Potential growth in emerging markets like the United Arab Emirates due to high year-on-year growth rates.
- Continuing competition leading to decline in traditionally strong players like Germany and Japan.
- Technological advancements driving efficiency and pushing market shifts.
Top countries in Export of Flat Knitting Machines, Stitch-Bonding Machines by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 41,403,000 | 2023 | +5.04% | +2.02% | View data |
| 2 | 2 Germany | 7,127,700 | 2023 | -10.54% | -7.99% | View data |
| 3 | 3 Japan | 4,829,600 | 2023 | -5.05% | -10.68% | View data |
| 4 | 4 South Korea | 1,716,500 | 2023 | +0.033% | -0.53% | View data |
| 5 | 5 Netherlands | 776,170 | 2023 | +2.07% | +48.89% | View data |
| 6 | 6 Romania | 240,310 | 2023 | +1.54% | -0.51% | View data |
| 7 | 7 Indonesia | 142,520 | 2023 | -2.24% | +2.72% | View data |
| 8 | 8 Czech Republic | 126,470 | 2023 | -0.19% | -0.5% | View data |
| 9 | 9 Russia | 106,600 | 2023 | -7.46% | -7.89% | View data |
| 10 | 10 Morocco | 86,250 | 2023 | +1.41% | +11.25% | View data |
