Sri Lanka - Knitting Machines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingKnitting Machines Price in Sri Lanka - 2021
Contents:
- Knitting Machines Price in Sri Lanka (CIF) - 2022
- Knitting Machines Price in Sri Lanka (FOB) - 2022
- Knitting Machines Imports in Sri Lanka
- Knitting Machines Exports in Sri Lanka
Knitting Machines Price in Sri Lanka (CIF) - 2022
In 2022, the average knitting machines import price amounted to $547 per unit, with an increase of 1.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 20% against the previous year. As a result, import price reached the peak level of $666 per unit. From 2018 to 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($597 per unit) and Italy ($582 per unit), while the price for South Korea ($426 per unit) and Germany ($426 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.7%), while the prices for the other major suppliers experienced a decline.
Knitting Machines Price in Sri Lanka (FOB) - 2022
The average knitting machines export price stood at $708 per unit in 2022, surging by 84% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($720 per unit) and Germany ($720 per unit), while the average price for exports to Hong Kong SAR ($670 per unit) and Canada ($672 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.
Knitting Machines Imports in Sri Lanka
In 2022, purchases abroad of knitting machineses decreased by -28.6% to 31K units, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2020 with an increase of 34%. As a result, imports attained the peak of 45K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, knitting machines imports contracted dramatically to $17M in 2022. In general, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2020 when imports increased by 25% against the previous year. As a result, imports attained the peak of $24M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Knitting Machines in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 4.9 | 5.6 | 4.9 | 7.1 | 13.2% |
| China | 5.7 | 6.0 | 5.9 | 5.8 | 0.6% |
| Japan | 3.3 | 9.7 | 10.5 | 2.2 | -12.6% |
| Germany | 0.3 | 0.1 | 0.3 | 1.4 | 67.1% |
| South Korea | 0.9 | 0.3 | N/A | N/A | -66.7% |
| United States | 2.1 | 0.2 | N/A | N/A | -90.5% |
| Others | 1.9 | 2.1 | 1.4 | 0.4 | -40.5% |
| Total | 19.3 | 24.1 | 23.2 | 16.8 | -4.5% |
Top Suppliers of Knitting Machines to Sri Lanka in 2022:
- Italy (12.2K units)
- China (9.7K units)
- Japan (5.1K units)
- Germany (3.2K units)
- South Korea (0.1K units)
Knitting Machines Exports in Sri Lanka
In 2022, knitting machines exports from Sri Lanka rose rapidly to 4.1K units, picking up by 12% against 2021 figures. Overall, exports, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 24% against the previous year. Over the period under review, the exports attained the peak figure at 4.7K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, knitting machines exports skyrocketed to $2.9M in 2022. Over the period under review, exports saw a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Knitting Machines in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 11.2 | 36.4 | 111 | 1,478 | 409.1% |
| China | N/A | N/A | N/A | 481 | 0% |
| Germany | 847 | 156 | N/A | 404 | -21.9% |
| Canada | N/A | N/A | N/A | 158 | 0% |
| Hong Kong SAR | 1,080 | 799 | 518 | 147 | -48.6% |
| Dominican Republic | N/A | N/A | N/A | 141 | 0% |
| United States | N/A | N/A | 164 | N/A | 0% |
| Italy | 20.2 | 46.6 | 24.6 | N/A | 10.4% |
| Others | 48.6 | 155 | 584 | 77.1 | 16.6% |
| Total | 2,007 | 1,193 | 1,402 | 2,888 | 12.9% |
Top Export Markets for Knitting Machines from Sri Lanka in 2022:
- India (2067.0 units)
- China (668.0 units)
- Germany (561.0 units)
- Canada (236.0 units)
- Hong Kong SAR (220.0 units)
- Dominican Republic (211.0 units)
This report provides an in-depth analysis of the knitting machines market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28941430 - Circular knitting machines
- Prodcom 28941450 - Flat knitting machines, stitch-bonding machines and warp knitting machines
- Prodcom 28941470 - Machines for making gimped yarn, tulle, lace, embroidery, t rimmings, braid or net, and machines for tufting
Country coverage:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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