Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Bangladesh - 2022

Contents:

  1. Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Bangladesh (CIF) - 2022
  2. Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Bangladesh (FOB) - 2022
  3. Imports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Bangladesh
  4. Exports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Bangladesh

Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Bangladesh (CIF) - 2022

The average import price for knitting machines; circular, with cylinder diameter exceeding 165mms stood at $31,905 per unit in 2022, which is down by -7.1% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 29% against the previous year. As a result, import price attained the peak level of $51,797 per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($87,538 per unit), while the price for Canada ($3,654 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Bangladesh (FOB) - 2022

In 2022, the average export price for knitting machines; circular, with cylinder diameter exceeding 165mms amounted to $8,476 per unit, which is down by -62.8% against the previous year. Over the period under review, the export price, however, continues to indicate strong growth. The growth pace was the most rapid in 2013 when the average export price increased by 149% against the previous year. The export price peaked at $22,800 per unit in 2021, and then fell notably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($14,654 per unit), while the average price for exports to Taiwan (Chinese) ($3,708 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+19.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Bangladesh

In 2022, the amount of knitting machines; circular, with cylinder diameter exceeding 165mms imported into Bangladesh soared to 2.9K units, rising by 71% against the previous year. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 130% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of knitting machines; circular, with cylinder diameter exceeding 165mms skyrocketed to $92M in 2022. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 98% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Bangladesh (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China16.512.524.643.738.4%
Taiwan (Chinese)13.48.822.623.720.9%
Japan4.03.94.910.035.7%
United StatesN/A0.10.57.9788.8%
Italy2.11.93.33.417.4%
Canada0.10.10.20.226.0%
Others5.61.71.83.1-17.9%
Total41.829.257.992.030.1%

Top Suppliers of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm to Bangladesh in 2022:

  1. China (1784.0 units)
  2. Taiwan (Chinese) (613.0 units)
  3. Japan (164.0 units)
  4. United States (159.0 units)
  5. Italy (57.0 units)
  6. Canada (51.0 units)

Exports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Bangladesh

In 2022, shipments abroad of knitting machines; circular, with cylinder diameter exceeding 165mms decreased by -50% to 3 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 25%. The exports peaked at 6 units in 2021, and then plummeted in the following year.

In value terms, exports of knitting machines; circular, with cylinder diameter exceeding 165mms fell sharply to $25K in 2022. Overall, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 125% against the previous year. As a result, the exports reached the peak of $137K, and then contracted markedly in the following year.

Export of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China14.620.331.414.70.2%
India17.931.995.17.1-26.5%
Taiwan (Chinese)8.08.610.33.7-22.7%
OthersN/AN/AN/AN/A0%
Total40.560.813725.4-14.4%

Top Export Markets for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm from Bangladesh in 2022:

  1. India (1.0 units)
  2. China (1.0 units)
  3. Taiwan (Chinese) (1.0 units)

Source: IndexBox Market Intelligence Platform

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