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

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

The Austrian market for machines for preparing, weaving and knitting textiles surged to $X in 2021, rising by 72% against the previous year. Overall, consumption, however, continues to indicate a mild shrinkage. 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 Austria

In value terms, textile weaving and knitting machinery production soared to $X in 2021 estimated in export price. Overall, production, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2016 with an increase of 36% against the previous year. Over the period under review, production reached the peak level 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 Austria

In 2021, overseas shipments of machines for preparing, weaving and knitting textiles decreased by -5.6% to X units, falling for the third year in a row after two years of growth. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 when exports increased by 34%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, textile weaving and knitting machinery exports expanded remarkably to $X in 2021. Overall, exports saw a mild reduction. The most prominent rate of growth was recorded in 2018 with an increase of 29%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units) was the main destination for textile weaving and knitting machinery exports from Austria, with a 26% share of total exports. Moreover, textile weaving and knitting machinery exports to Turkey exceeded the volume sent to the second major destination, Brazil (X units), fivefold. The third position in this ranking was taken by Italy (X units), with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey stood at -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+4.1% per year) and Italy (+38.6% per year).

In value terms, Turkey ($X) remains the key foreign market for machines for preparing, weaving and knitting textiles exports from Austria, comprising 25% of total exports. The second position in the ranking was taken by Turkmenistan ($X), with an 11% share of total exports. It was followed by Russia, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkmenistan (+131.9% per year) and Russia (+4.5% per year).

Export Prices by Country

The average export price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2021, growing by 16% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, textile weaving and knitting machinery export price increased by +112.4% against 2015 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by 44% against the previous year. 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 Turkmenistan ($X per unit), while the average price for exports to Switzerland ($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 Turkmenistan (+34.5%), 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 Austria

In 2021, purchases abroad of machines for preparing, weaving and knitting textiles increased by 29% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, showed a noticeable descent. The pace of growth appeared the most rapid in 2020 with an increase of 46%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, textile weaving and knitting machinery imports soared to $X in 2021. In general, imports, however, faced a abrupt contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Switzerland (X units) and the UK (X units) were the main suppliers of textile weaving and knitting machinery imports to Austria, with a combined 74% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +56.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machines for preparing, weaving and knitting textiles to Austria, comprising 47% of total imports. The second position in the ranking was held by Switzerland ($X), with a 16% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+9.3% per year) and Italy (-14.2% 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, rising by 49% against the previous year. Over the period under review, the import price, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2016 when the average import price increased by 75% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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