United Kingdom: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in the UK

In 2021, the UK market for machines for preparing, weaving and knitting textiles was finally on the rise to reach $X after two years of decline. Over the period under review, consumption recorded a perceptible reduction. Textile weaving and knitting machinery consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Machines For Preparing, Weaving And Knitting Textiles in the UK

In value terms, textile weaving and knitting machinery production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 9.3%. Textile weaving and knitting machinery production peaked at $X in 2020, and then contracted modestly in the following year.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from the UK

In 2021, exports of machines for preparing, weaving and knitting textiles from the UK declined significantly to X units, falling by -17% against 2020 figures. Over the period under review, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2014 with an increase of 72%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, textile weaving and knitting machinery exports expanded to $X in 2021. In general, total exports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +13.0% against 2019 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 50%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

France (X units), Turkey (X units) and the United States (X units) were the main destinations of textile weaving and knitting machinery exports from the UK, with a combined 26% share of total exports. Italy, Spain, Germany, Belgium, India, Tanzania, Morocco, Bangladesh, Pakistan and Australia lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +62.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for textile weaving and knitting machinery exported from the UK were the United States ($X), Germany ($X) and Spain ($X), with a combined 28% share of total exports. Turkey, France, Italy, Belgium, Tanzania, India, Australia, Pakistan, Bangladesh and Morocco lagged somewhat behind, together comprising a further 31%.

In terms of the main countries of destination, Tanzania, with a CAGR of +57.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2021, rising by 25% against the previous year. Overall, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 91%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Morocco ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into the UK

In 2021, purchases abroad of machines for preparing, weaving and knitting textiles decreased by -41.8% to X units for the first time since 2017, thus ending a three-year rising trend. In general, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2013 with an increase of 30% against the previous year. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, textile weaving and knitting machinery imports dropped slightly to $X in 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +47.7% against 2017 indices. The pace of growth was the most pronounced in 2013 when imports increased by 36%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X units), China (X units) and the United States (X units) were the main suppliers of textile weaving and knitting machinery imports to the UK, together comprising 71% of total imports. Vietnam, Taiwan (Chinese), South Korea, Italy, Spain and Germany lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +55.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of machines for preparing, weaving and knitting textiles to the UK, comprising 42% of total imports. The second position in the ranking was taken by Japan ($X), with a 20% share of total imports. It was followed by China, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.9% per year) and China (+9.1% per year).

Import Prices by Country

The average import price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2021, picking up by 71% against the previous year. Over the period under review, the import price enjoyed resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+29.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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