In 2024, China solidified its position as the leading exporter of circular knitting machines with cylinder diameters exceeding 165 mm, holding a dominant share at 45.68% in US dollars, showing a 6.09% year-on-year increase. Germany, with a 24.5% share, experienced a slight decline of 0.51%. Japan and Italy also saw reductions in their shares, at 1.35% and 8.98% respectively. South Korea increased slightly by 0.65%, while Slovakia, Poland, and the United Arab Emirates showed significant growth. In contrast, several countries, including Spain and India, faced substantial declines in their export shares.
Future trends to watch include the increase in market diversification, with emerging economies like Slovakia and Poland showing strong growth. The technological advancements in machine manufacturing could further impact market shares, potentially benefiting countries investing in innovation. An eye should also be kept on the significant growth in the United Arab Emirates, indicating potential market shifts or policy changes advantageous to their position. Additionally, sustainability and efficiency improvements in manufacturing could drive future demand and export dynamics in this sector.
Top countries in Export of Circular Knitting Machines with Cylinder Diameter Exceeding 165 mm Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 45.68 | 2023 | +4.37% | +6.09% | View data |
| 2 | 2 Germany | 24.5 | 2023 | -0.78% | -0.51% | View data |
| 3 | 3 Japan | 9.53 | 2023 | +0.0098% | -1.35% | View data |
| 4 | 4 Italy | 6.06 | 2023 | -9.04% | -8.98% | View data |
| 5 | 5 South Korea | 4.32 | 2023 | +0.052% | +0.65% | View data |
| 6 | 6 Czech Republic | 3.62 | 2023 | +4.44% | +2.11% | View data |
| 7 | 7 United States | 2.45 | 2023 | +0.43% | -1.26% | View data |
| 8 | 8 United Kingdom | 1.77 | 2023 | -2.44% | -2.52% | View data |
| 9 | 9 Thailand | 0.26 | 2023 | +5.59% | +0.91% | View data |
| 10 | 10 Brazil | 0.2 | 2023 | -3.02% | -3.94% | View data |
