Asia: Textile Relling Machine Market 2024

Textile Relling Machine Market Size in Asia

The Asian textile relling machine market surged to $X in 2021, rising by 52% against the previous year. Over the period under review, consumption posted a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Textile Relling Machine Production in Asia

In value terms, textile relling machine production declined to $X in 2021 estimated in export price. Overall, production showed a noticeable expansion. The pace of growth was the most pronounced in 2014 with an increase of 85% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Textile Relling Machine Exports

Exports in Asia

In 2021, the amount of machines for reeling, unreeling or textile fabrics exported in Asia expanded notably to X units, increasing by 14% on 2020 figures. The total export volume increased at an average annual rate of +6.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when exports increased by 15% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, textile relling machine exports amounted to $X in 2021. Over the period under review, exports showed a strong expansion. The growth pace was the most rapid in 2013 with an increase of 19%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Exports by Country

China represented the key exporter of machines for reeling, unreeling or textile fabrics in Asia, with the volume of exports accounting for X units, which was near 75% of total exports in 2021. Taiwan (Chinese) (X units) took the second position in the ranking, followed by Turkey (X units). All these countries together held near 20% share of total exports.

Exports from China increased at an average annual rate of +7.2% from 2012 to 2021. At the same time, Turkey (+7.8%) and Taiwan (Chinese) (+3.5%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +7.8% from 2012-2021. While the share of China (+7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Taiwan (Chinese) (-2.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest textile relling machine supplier in Asia, comprising 69% of total exports. The second position in the ranking was held by Turkey ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +14.9%. In the other countries, the average annual rates were as follows: Turkey (+20.5% per year) and Taiwan (Chinese) (+6.4% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, dropping by -6.5% against the previous year. Export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 an increase of 20%. The level of export peaked at $X per unit in 2020, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+11.7%), while the other leaders experienced more modest paces of growth.

Textile Relling Machine Imports

Imports in Asia

In 2021, approx. X units of machines for reeling, unreeling or textile fabrics were imported in Asia; with an increase of 30% compared with the year before. Over the period under review, imports posted a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, textile relling machine imports surged to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the four major importers of machines for reeling, unreeling or textile fabrics, namely India, South Korea, Turkey and Vietnam, represented more than two-thirds of total import. Indonesia (X units) ranks next in terms of the total imports with a 7.6% share, followed by Bangladesh (5.7%) and Taiwan (Chinese) (4.9%).

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +53.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Vietnam ($X) and Turkey ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 39% of total imports.

South Korea, with a CAGR of +30.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, remaining stable against the previous year. In general, the import price, however, saw a perceptible downturn. The growth pace was the most rapid in 2017 when the import price increased by 5.1% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Bangladesh ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :