The global export market for flat knitting and stitch-bonding machines is dominated by China, comprising over half of the market share. China's exports demonstrated a modest growth of 4.68% in 2023, reinforcing its leadership. Conversely, Japan and Germany experienced double-digit declines, with reductions of 10.07% and 9.68%, respectively, reflecting challenges in maintaining export levels in these regions. Notably, the United Arab Emirates showed remarkable growth at 266%, albeit from a smaller base. Emerging players like India and Indonesia also displayed strong upward trends.
Looking towards the future, the main trends include China's continued dominance and the potential for other Asian countries to increase their market share, driven by technological advancements and competitive pricing strategies. Additionally, expect further shifts in trade dynamics due to geopolitical factors and evolving global demands in textile machinery.
Top countries in Export of Flat Knitting Machines, Stitch-Bonding Machines Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 50.85 | 2023 | +4.31% | +4.68% | View data |
| 2 | 2 Japan | 21.68 | 2023 | -4.52% | -10.07% | View data |
| 3 | 3 Germany | 18.83 | 2023 | -12.76% | -9.68% | View data |
| 4 | 4 South Korea | 1.38 | 2023 | -0.36% | -0.81% | View data |
| 5 | 5 United States | 1.22 | 2023 | -0.24% | -2.25% | View data |
| 6 | 6 Italy | 0.86 | 2023 | -14.12% | -14.33% | View data |
| 7 | 7 United Kingdom | 0.36 | 2023 | -9.5% | -9.71% | View data |
| 8 | 8 Czech Republic | 0.26 | 2023 | +3.53% | +2.22% | View data |
| 9 | 9 Hungary | 0.2 | 2023 | +5.38% | -1.05% | View data |
| 10 | 10 Switzerland | 0.19 | 2023 | -27.83% | -15.01% | View data |
