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

Market Size for Machines For Preparing, Weaving And Knitting Textiles in the Czech Republic

The Czech market for machines for preparing, weaving and knitting textiles dropped dramatically to $X in 2021, declining by -80% against the previous year. Overall, consumption faced a dramatic decline. The pace of growth was the most pronounced in 2018 when the market value increased by 8.6%. Textile weaving and knitting machinery consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Machines For Preparing, Weaving And Knitting Textiles in the Czech Republic

In value terms, textile weaving and knitting machinery production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, faced a abrupt slump. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from the Czech Republic

In 2021, exports of machines for preparing, weaving and knitting textiles from the Czech Republic expanded remarkably to X units, picking up by 12% on the previous year's figure. Overall, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -3.0% against 2018 indices. The growth pace was the most rapid in 2018 when exports increased by 32% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, textile weaving and knitting machinery exports expanded notably to $X in 2021. In general, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 62% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Turkey (X units), India (X units) and the Netherlands (X units) were the main destinations of textile weaving and knitting machinery exports from the Czech Republic, together comprising 52% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +116.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the Netherlands ($X) and Pakistan ($X) constituted the largest markets for textile weaving and knitting machinery exported from the Czech Republic worldwide, with a combined 50% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +184.7%, saw 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 a decrease of -4.8% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 45% against the previous year. As a result, the export price reached the peak level of $X per unit, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Egypt ($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 the Netherlands (+31.6%), 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 the Czech Republic

Textile weaving and knitting machinery imports into the Czech Republic reduced markedly to X units in 2021, waning by -22.7% compared with the year before. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 79%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, textile weaving and knitting machinery imports reduced markedly to $X in 2021. Over the period under review, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 28%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), China (X units) and Taiwan (Chinese) (X units) were the main suppliers of textile weaving and knitting machinery imports to the Czech Republic, together comprising 54% of total imports. The UK, Turkey, France, Spain, Italy and Slovakia lagged somewhat behind, together accounting 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 the UK (with a CAGR of +69.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest textile weaving and knitting machinery suppliers to the Czech Republic were Germany ($X), France ($X) and China ($X), with a combined 53% share of total imports. Spain, Italy, Taiwan (Chinese), Turkey, the UK and Slovakia lagged somewhat behind, together comprising a further 22%.

Among the main suppliers, Slovakia, with a CAGR of +71.8%, saw the highest rates of growth with regard to the value of imports, 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, approximately equating the previous year. In general, the import price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 33% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a 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 France ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+10.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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