In 2023, China dominated the global export market for flat knitting machines and stitch-bonding machines with a significant lead at 66.88%. Germany and Japan trailed at 11.51% and 7.8%, respectively. China's exports showed a modest increase of 2.02% year-on-year, while Germany and Japan experienced declines of 7.99% and 10.68%, respectively. Notably, the Netherlands experienced a remarkable surge of 48.89%. In contrast, certain countries like the United Kingdom and Macedonia witnessed significant declines of over 50%. Emerging markets such as India showed promising growth with an increase of 8.46%.
Future trends in this sector could witness a continuation of China's strong hold on the market, while established exporters like Germany and Japan may face challenges to maintain market share. High growth predictions for countries like the United Arab Emirates suggest potential for market diversification. Moreover, technology advancements and sustainability will likely influence future trends, driving innovations in efficiency and eco-friendliness of the machines.
Top countries in Export of Flat Knitting Machines, Stitch-Bonding Machines Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 66.88 | 2023 | +5.04% | +2.02% | View data |
| 2 | 2 Germany | 11.51 | 2023 | -10.54% | -7.99% | View data |
| 3 | 3 Japan | 7.8 | 2023 | -5.05% | -10.68% | View data |
| 4 | 4 South Korea | 2.77 | 2023 | +0.033% | -0.53% | View data |
| 5 | 5 Netherlands | 1.25 | 2023 | +2.07% | +48.89% | View data |
| 6 | 6 Romania | 0.39 | 2023 | +1.54% | -0.51% | View data |
| 7 | 7 Indonesia | 0.23 | 2023 | -2.24% | +2.72% | View data |
| 8 | 8 Czech Republic | 0.2 | 2023 | -0.19% | -0.5% | View data |
| 9 | 9 Russia | 0.17 | 2023 | -7.46% | -7.89% | View data |
| 10 | 10 Morocco | 0.14 | 2023 | +1.41% | +11.25% | View data |
