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

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

In 2021, after two years of decline, there was growth in the CIS market for machines for preparing, weaving and knitting textiles, when its value increased by 1% to $X. Overall, consumption posted strong growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

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

In value terms, textile weaving and knitting machinery production fell rapidly to $X in 2021 estimated in export price. Overall, production showed a abrupt descent. The pace of growth appeared the most rapid in 2020 when the production volume increased by 655% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports in CIS

In 2021, the amount of machines for preparing, weaving and knitting textiles exported in the CIS contracted dramatically to X units, falling by -17.5% on 2020. In general, exports saw a noticeable slump. The pace of growth was the most pronounced in 2014 with an increase of 88% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, textile weaving and knitting machinery exports soared to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 66% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Belarus (X units) was the key exporter of machines for preparing, weaving and knitting textiles, generating 47% of total exports. Armenia (X units) held the second position in the ranking, followed by Kyrgyzstan (X units) and Russia (X units). All these countries together held near 44% share of total exports. Kazakhstan (X units), Uzbekistan (X units) and Moldova (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to textile weaving and knitting machinery exports from Belarus stood at -2.8%. At the same time, Armenia (+48.2%), Uzbekistan (+48.1%), Kazakhstan (+35.1%) and Kyrgyzstan (+4.3%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +48.2% from 2012-2021. By contrast, Moldova (-10.5%) and Russia (-14.8%) illustrated a downward trend over the same period. Armenia (+19 p.p.), Kyrgyzstan (+5.8 p.p.), Kazakhstan (+4 p.p.) and Uzbekistan (+2.7 p.p.) significantly strengthened its position in terms of the total exports, while Moldova and Russia saw its share reduced by -1.8% and -28.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest textile weaving and knitting machinery supplying countries in the CIS were Russia ($X), Kazakhstan ($X) and Uzbekistan ($X), with a combined 67% share of total exports.

In terms of the main exporting countries, Uzbekistan, with a CAGR of +57.1%, recorded the highest rates of growth with regard to 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

The export price in the CIS stood at $X per unit in 2021, increasing by 72% against the previous year. Over the period under review, the export price saw noticeable growth. The pace of growth appeared the most rapid in 2013 an increase of 138%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+11.7%), while the other leaders experienced more modest paces of growth.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports in CIS

After two years of decline, purchases abroad of machines for preparing, weaving and knitting textiles increased by 26% to X units in 2021. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 112% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, textile weaving and knitting machinery imports shrank slightly to $X in 2021. In general, imports showed resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 158% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Uzbekistan represented the key importing country with an import of around X units, which resulted at 55% of total imports. It was distantly followed by Russia (X units), making up a 27% share of total imports. The following importers - Belarus (X units), Tajikistan (X units), Kazakhstan (X units), Armenia (X units) and Kyrgyzstan (X units) - together made up 15% of total imports.

Imports into Uzbekistan increased at an average annual rate of +10.6% from 2012 to 2021. At the same time, Armenia (+35.6%), Tajikistan (+33.3%), Kyrgyzstan (+3.1%) and Kazakhstan (+2.0%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing importer imported in the CIS, with a CAGR of +35.6% from 2012-2021. By contrast, Russia (-5.7%) and Belarus (-6.1%) illustrated a downward trend over the same period. While the share of Uzbekistan (+55 p.p.), Tajikistan (+3.2 p.p.) and Armenia (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Belarus (-8.3 p.p.) and Russia (-49.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) constitutes the largest market for imported machines for preparing, weaving and knitting textiles in the CIS, comprising 65% of total imports. The second position in the ranking was held by Russia ($X), with a 23% share of total imports. It was followed by Belarus, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value in Uzbekistan stood at +6.3%. The remaining importing countries recorded the following average annual rates of imports growth: Russia (-3.0% per year) and Belarus (-9.8% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, with a decrease of -22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2013 when the import price increased by 23%. The level of import peaked at $X per unit in 2020, and then reduced notably 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 Belarus ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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