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

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

In 2021, after two years of decline, there was significant growth in the Australian market for machines for preparing, weaving and knitting textiles, when its value increased by 53% to $X. In general, consumption, however, saw a relatively flat trend pattern. Textile weaving and knitting machinery consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Machines For Preparing, Weaving And Knitting Textiles in Australia

In value terms, textile weaving and knitting machinery production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep downturn. Textile weaving and knitting machinery production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Australia

In 2021, overseas shipments of machines for preparing, weaving and knitting textiles were finally on the rise to reach X units for the first time since 2013, thus ending a seven-year declining trend. In general, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 19%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, textile weaving and knitting machinery exports soared to $X in 2021. Over the period under review, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 37% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units), New Zealand (X units) and Japan (X units) were the main destinations of textile weaving and knitting machinery exports from Australia, with a combined 65% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +29.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and New Zealand ($X) appeared to be the largest markets for textile weaving and knitting machinery exported from Australia worldwide, with a combined 65% share of total exports. These countries were followed by the UK, Turkey, Japan, India, Malaysia and Thailand, which together accounted for a further 28%.

In terms of the main countries of destination, Turkey, with a CAGR of +43.2%, 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

In 2021, the average export price for machines for preparing, weaving and knitting textiles amounted to $X per unit, with an increase of 12% against the previous year. Over the period under review, the export price saw a mild expansion. The pace of growth appeared the most rapid in 2018 an increase of 51% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to India ($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 Turkey (+24.2%), 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 Australia

For the third year in a row, Australia recorded growth in supplies from abroad of machines for preparing, weaving and knitting textiles, which increased by 85% to X units in 2021. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 96% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, textile weaving and knitting machinery imports soared to $X in 2021. In general, imports showed a pronounced expansion. The growth pace was the most rapid in 2013 when imports increased by 68% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest supplier of textile weaving and knitting machinery to Australia, with a 44% share of total imports. Moreover, textile weaving and knitting machinery imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Japan amounted to +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.9% per year) and Taiwan (Chinese) (+57.7% per year).

In value terms, Japan ($X) constituted the largest supplier of machines for preparing, weaving and knitting textiles to Australia, comprising 36% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Japan stood at +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.1% per year) and China (+8.5% per year).

Import Prices by Country

In 2021, the average import price for machines for preparing, weaving and knitting textiles amounted to $X per unit, dropping by -15.2% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The growth pace was the most rapid in 2018 an increase of 29%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the UK ($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 (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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