Asia-Pacific: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Asia-Pacific

In 2021, the Asia-Pacific market for machines for preparing, weaving and knitting textiles increased by 20% to $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -31.3% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Machines For Preparing, Weaving And Knitting Textiles in Asia-Pacific

In value terms, textile weaving and knitting machinery production rose significantly to $X in 2021 estimated in export price. Overall, production saw a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 52% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports in Asia-Pacific

In 2021, after two years of decline, there was significant growth in overseas shipments of machines for preparing, weaving and knitting textiles, when their volume increased by 58% to X units. Total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +9.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, textile weaving and knitting machinery exports soared to $X in 2021. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the key exporter of machines for preparing, weaving and knitting textiles in Asia-Pacific, with the volume of exports recording X units, which was near 73% of total exports in 2021. Japan (X units) ranks second in terms of the total exports with a 12% share, followed by Taiwan (Chinese) (7.4%). South Korea (X units) and India (X units) took a relatively small share of total exports.

China was also the fastest-growing in terms of the machines for preparing, weaving and knitting textiles exports, with a CAGR of +17.8% from 2012 to 2021. At the same time, India (+15.9%) and Taiwan (Chinese) (+2.7%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, South Korea (-4.2%) illustrated a downward trend over the same period. China (+35 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese), South Korea and Japan saw its share reduced by -5.7%, -7.8% and -14.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and India ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 91% of total exports.

In terms of the main exporting countries, India, with a CAGR of +12.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, declining by -9.3% against the previous year. In general, the export price saw a abrupt downturn. The pace of growth appeared the most rapid in 2016 an increase of 4.8% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-1.1%), while the other leaders experienced a decline in the export price figures.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports in Asia-Pacific

In 2021, purchases abroad of machines for preparing, weaving and knitting textiles was finally on the rise to reach X units after three years of decline. Over the period under review, imports, however, showed a pronounced decline. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, textile weaving and knitting machinery imports soared to $X in 2021. Overall, imports, however, recorded a mild decline. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of textile weaving and knitting machinery imports in 2021 were Bangladesh (X units), India (X units) and China (X units), together finishing at 61% of total import. Vietnam (X units) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (7.7%) and Indonesia (7.2%). Taiwan (Chinese) (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +10.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Pakistan ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 72% share of total imports. These countries were followed by Bangladesh, Vietnam, Indonesia and Taiwan (Chinese), which together accounted for a further 20%.

Vietnam, with a CAGR of +9.0%, 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-Pacific stood at $X per unit in 2021, waning by -4.5% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 14% against the previous year. As a result, import price reached the peak level of $X per unit, and then dropped modestly in the following year.

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 China ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :