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

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

The Belgian market for machines for preparing, weaving and knitting textiles soared to $X in 2021, with an increase of 246% against the previous year. In general, consumption continues to indicate strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, textile weaving and knitting machinery production reduced rapidly to $X in 2021 estimated in export price. Overall, production faced a sharp reduction. The pace of growth was the most pronounced in 2013 when the production volume increased by 28%. Over the period under review, production attained the peak level at $X in 2020, and then reduced sharply in the following year.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Belgium

In 2021, exports of machines for preparing, weaving and knitting textiles from Belgium soared to X units, rising by 32% against 2020 figures. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 409%. As a result, the exports attained the peak of X units. From 2019 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. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 1,427% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Turkey (X units), Pakistan (X units) and China (X units) were the main destinations of textile weaving and knitting machinery exports from Belgium, with a combined 54% share of total exports. Portugal, Egypt, India, France, Italy, Spain and Germany lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +142.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for textile weaving and knitting machinery exported from Belgium were Turkey ($X), Pakistan ($X) and China ($X), with a combined 66% share of total exports. India, France, Egypt, Italy, Portugal, Germany and Spain lagged somewhat behind, together comprising a further 15%.

Egypt, with a CAGR of +134.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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, growing by 20% against the previous year. Over the period under review, the export price posted resilient growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 200% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Portugal ($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 India (+16.3%), 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 Belgium

For the third year in a row, Belgium recorded growth in supplies from abroad of machines for preparing, weaving and knitting textiles, which increased by 80% to X units in 2021. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 364%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, textile weaving and knitting machinery imports dropped to $X in 2021. Over the period under review, imports, however, showed a deep slump. The pace of growth was the most pronounced in 2017 when imports increased by 86% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

France (X units), Germany (X units) and the United States (X units) were the main suppliers of textile weaving and knitting machinery imports to Belgium, together accounting for 75% of total imports. These countries were followed by China, the Netherlands, Canada and Japan, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +87.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and the United States ($X) appeared to be the largest textile weaving and knitting machinery suppliers to Belgium, together comprising 37% of total imports. These countries were followed by France, Japan, China and Canada, which together accounted for a further 28%.

Canada, with a CAGR of +38.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for machines for preparing, weaving and knitting textiles amounted to $X per unit, reducing by -46.7% against the previous year. In general, the import price continues to indicate a sharp contraction. The growth pace was the most rapid in 2015 an increase of 19% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-16.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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