In 2023, China dominated the global export of circular knitting machines with a cylinder diameter exceeding 165 mm, with 24.527 million kilograms, indicating a robust 2.35% year-on-year growth. Germany and Japan followed, although their exports dipped by -1.11% and -2.12%, respectively. Rapid growth was seen in markets such as the United Arab Emirates with a staggering 226.33% increase, and Chile with a 135.6% rise. On the other hand, Spain and Poland saw significant declines of -19.09% and -11.89% respectively.
Looking ahead to future trends, China is expected to continue its leadership position, driven by technological advancements and competitive manufacturing costs. Emerging markets like the UAE and Chile show promising growth due to increasing regional demand. However, established markets in Europe and Japan could face more challenges without strategic innovations or cost-containment measures. Watch for shifts in technological advancements and market strategies as key drivers for future global export dynamics.
Top countries in Export of Circular Knitting Machines with Cylinder Diameter Exceeding 165 mm by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 24,527,000 | 2023 | +5.55% | +2.35% | View data |
| 2 | 2 Germany | 3,990,000 | 2023 | -1.52% | -1.11% | View data |
| 3 | 3 Japan | 2,048,100 | 2023 | +0.042% | -2.12% | View data |
| 4 | 4 South Korea | 1,417,500 | 2023 | -1.67% | -0.63% | View data |
| 5 | 5 Italy | 1,331,600 | 2023 | -6.04% | -6.59% | View data |
| 6 | 6 Czech Republic | 684,980 | 2023 | +3.98% | +2.56% | View data |
| 7 | 7 Thailand | 500,720 | 2023 | +5.88% | +3.24% | View data |
| 8 | 8 United Kingdom | 145,710 | 2023 | -12.34% | -10.25% | View data |
| 9 | 9 Peru | 127,090 | 2023 | +4.99% | +2.68% | View data |
| 10 | 10 Brazil | 73,910 | 2023 | -0.65% | -1.49% | View data |
