In 2023, China led the global export market for flat knitting and stitch-bonding machines with significant dominance, followed by Japan and Germany. While China saw a modest growth of 4.68%, Japan and Germany experienced notable declines of over 9%. The United States and Italy also faced reductions in export value. India and Indonesia showed encouraging progress, while the United Arab Emirates saw an exceptional growth rate of 266%. Smaller markets like the Netherlands and Austria demonstrated strong positive trends, whereas Spain and Finland recorded substantial downturns.
Future trends to watch include China's continued hegemony in the market, driven by technological advancements and capacity expansions. Japan's and Germany's efforts to stabilize their exports amidst fluctuations will be crucial. Emerging markets in Asia and the Middle East are expected to contribute to the growth dynamics, with increased demand for high-quality machinery. Advancements in automation and eco-friendly machines may also reshape competitive strategies globally.
Top countries in Export of Flat Knitting Machines, Stitch-Bonding Machines by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 458,500,000 | 2023 | +4.31% | +4.68% | View data |
| 2 | 2 Japan | 195,490,000 | 2023 | -4.52% | -10.07% | View data |
| 3 | 3 Germany | 169,780,000 | 2023 | -12.76% | -9.68% | View data |
| 4 | 4 South Korea | 12,468,000 | 2023 | -0.36% | -0.81% | View data |
| 5 | 5 United States | 10,957,000 | 2023 | -0.24% | -2.25% | View data |
| 6 | 6 Italy | 7,778,000 | 2023 | -14.12% | -14.33% | View data |
| 7 | 7 United Kingdom | 3,264,400 | 2023 | -9.5% | -9.71% | View data |
| 8 | 8 Czech Republic | 2,316,000 | 2023 | +3.53% | +2.22% | View data |
| 9 | 9 Hungary | 1,842,300 | 2023 | +5.38% | -1.05% | View data |
| 10 | 10 Switzerland | 1,711,400 | 2023 | -27.83% | -15.01% | View data |
