| Product Code: ETC5173038 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Belgium continued to be a key importer of circular knitting machines, with top exporting countries including Taiwan, UK, Netherlands, USA, and Canada. Despite a significant negative CAGR of -26.0% from 2020 to 2024, the market showed a slight improvement with a growth rate of -29.26% from 2023 to 2024. The High Herfindahl-Hirschman Index (HHI) indicates a continued high concentration of imports in the market, highlighting the dominance of these key exporting countries in supplying circular knitting machines to Belgium.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Circular Knitting Machine Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Circular Knitting Machine Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Circular Knitting Machine Market - Industry Life Cycle |
3.4 Belgium Circular Knitting Machine Market - Porter's Five Forces |
3.5 Belgium Circular Knitting Machine Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Belgium Circular Knitting Machine Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Belgium Circular Knitting Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for sustainable and eco-friendly textile production practices |
4.2.2 Technological advancements in circular knitting machines leading to improved efficiency and productivity |
4.2.3 Growing trend of customization and flexibility in textile manufacturing processes |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with purchasing and installing circular knitting machines |
4.3.2 Limited availability of skilled operators and technicians for operating advanced circular knitting machines |
4.3.3 Fluctuations in raw material prices impacting the overall cost of production |
5 Belgium Circular Knitting Machine Market Trends |
6 Belgium Circular Knitting Machine Market Segmentations |
6.1 Belgium Circular Knitting Machine Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium Circular Knitting Machine Market Revenues & Volume, By Single Circular Knitting Machines, 2021-2031F |
6.1.3 Belgium Circular Knitting Machine Market Revenues & Volume, By Double Circular Knitting Machines, 2021-2031F |
6.2 Belgium Circular Knitting Machine Market, By End-use |
6.2.1 Overview and Analysis |
6.2.2 Belgium Circular Knitting Machine Market Revenues & Volume, By Apparel Textiles, 2021-2031F |
6.2.3 Belgium Circular Knitting Machine Market Revenues & Volume, By Home Textiles, 2021-2031F |
6.2.4 Belgium Circular Knitting Machine Market Revenues & Volume, By Technical Textiles, 2021-2031F |
6.2.5 Belgium Circular Knitting Machine Market Revenues & Volume, By Medical Textiles, 2021-2031F |
6.2.6 Belgium Circular Knitting Machine Market Revenues & Volume, By Others, 2021-2031F |
7 Belgium Circular Knitting Machine Market Import-Export Trade Statistics |
7.1 Belgium Circular Knitting Machine Market Export to Major Countries |
7.2 Belgium Circular Knitting Machine Market Imports from Major Countries |
8 Belgium Circular Knitting Machine Market Key Performance Indicators |
8.1 Energy efficiency of circular knitting machines |
8.2 Adoption rate of circular knitting machines with automated features |
8.3 Number of research and development projects focused on enhancing circular knitting machine technology |
9 Belgium Circular Knitting Machine Market - Opportunity Assessment |
9.1 Belgium Circular Knitting Machine Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Belgium Circular Knitting Machine Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Belgium Circular Knitting Machine Market - Competitive Landscape |
10.1 Belgium Circular Knitting Machine Market Revenue Share, By Companies, 2024 |
10.2 Belgium Circular Knitting Machine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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