Robust Demand For Knitting Machines Push Import Bill By $80 Mn

ENA Sectors 2023-10-17 13:07:02 New Delhi, Oct 17 (KNN) India in the knitting machine import market stands with a total import value of USD 80.6 million in 2022, reported Apparel Resources. The demand for knitting machines in India is being driven by both domestic consumption and robust exports, positioning the nation as a burgeoning hub for the textile industry. In 2022, Turkey emerged as the undisputed leader in knitting machine imports, with an impressive import value of USD 105.7 million, as per a report released by IndexBox. This achievement can be attributed to the countrys robust textile and garment industry, which relies heavily on advanced knitting technology. Italy imported knitting machines worth USD 66.8 million in 2022, while Bangladesh is also making waves in the global knitting machine import market, with an import value of USD 66.2 million in 2022. The nations ever-expanding garment sector relies heavily on knitting technology to meet the increasing demand for knitted fabrics, both domestically and internationally. As the worlds largest textile manufacturer, China naturally emerged as one of the leading importers of knitting machines, with an import value of USD 64 million in 2022. The report further reveals that Vietnam has rapidly emerged as a significant importer of knitting machines, importing machines worth USD 36.6 million in 2022. The countrys textile and garment industry has been growing at an impressive rate, driven by the increasing exports of knitted fabrics. (KNN Bureau) 35169 https://knnindia.co.in/news/newsdetails/sectors/robust-demand-for-knitting-machines-push-import-bill-by-80-mn 2023-10-17 13:07:02 knnindia.co.in Robust Demand For Knitting Machines Push Import Bill By $80 Mn