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

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

In 2021, the Chinese market for machines for preparing, weaving and knitting textiles was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption enjoyed resilient growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

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

In value terms, textile weaving and knitting machinery production skyrocketed to $X in 2021 estimated in export price. Overall, production posted a significant expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 124%. Over the period under review, production attained the peak level 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 from China

In 2021, the amount of machines for preparing, weaving and knitting textiles exported from China surged to X units, rising by 63% compared with the previous year. Overall, exports saw a buoyant expansion. 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 surged to $X in 2021. Over the period under review, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, 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

India (X units), Pakistan (X units) and Egypt (X units) were the main destinations of textile weaving and knitting machinery exports from China, with a combined 39% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +39.8%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the key foreign market for machines for preparing, weaving and knitting textiles exports from China, comprising 24% of total exports. The second position in the ranking was held by Pakistan ($X), with a 12% share of total exports. It was followed by Vietnam, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+14.5% per year) and Vietnam (+14.6% per year).

Export Prices by Country

In 2021, the average export price for machines for preparing, weaving and knitting textiles amounted to $X per unit, dropping by -10.1% against the previous year. In general, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2016 when the average export price increased by 9.3%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to the United Arab Emirates ($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 (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into China

After four years of decline, purchases abroad of machines for preparing, weaving and knitting textiles increased by 34% to X units in 2021. In general, imports, however, recorded a deep contraction. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 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 perceptible contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 37% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Japan (X units) and France (X units) were the main suppliers of textile weaving and knitting machinery imports to China, together comprising 81% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +12.0%), while imports for the other leaders experienced a decline.

In value terms, Japan ($X), Germany ($X) and Italy ($X) constituted the largest textile weaving and knitting machinery suppliers to China, together accounting for 86% of total imports. Belgium, France, Switzerland, Taiwan (Chinese) and the United States lagged somewhat behind, together accounting for a further 12%.

Among the main suppliers, France, with a CAGR of +6.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for machines for preparing, weaving and knitting textiles amounted to $X per unit, declining by -10% against the previous year. Overall, the import price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 46% against the previous year. The import price peaked at $X per unit in 2020, and then dropped in the following year.

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 Belgium ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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