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

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

The EU market for machines for preparing, weaving and knitting textiles dropped to $X in 2021, waning by -13.2% against the previous year. Over the period under review, consumption saw a deep reduction. Over the period under review, the market reached the maximum level 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 the EU

In value terms, textile weaving and knitting machinery production shrank dramatically to $X in 2021 estimated in export price. Overall, production, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2018 with an increase of 13% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports in the EU

In 2021, overseas shipments of machines for preparing, weaving and knitting textiles were finally on the rise to reach X units after two years of decline. Total exports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, textile weaving and knitting machinery exports soared to $X in 2021. Overall, exports, however, saw a slight contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 43%. 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

In 2021, the Netherlands (X units) was the major exporter of machines for preparing, weaving and knitting textiles, constituting 54% of total exports. Italy (X units) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by Germany (15%) and Belgium (7%). The following exporters - Spain (X units) and the Czech Republic (X units) - each recorded a 4% share of total exports.

The Netherlands was also the fastest-growing in terms of the machines for preparing, weaving and knitting textiles exports, with a CAGR of +52.0% from 2012 to 2021. At the same time, Belgium (+27.9%) and the Czech Republic (+6.0%) displayed positive paces of growth. By contrast, Italy (-5.7%), Spain (-5.7%) and Germany (-11.9%) illustrated a downward trend over the same period. The Netherlands (+52 p.p.) and Belgium (+6.1 p.p.) significantly strengthened its position in terms of the total exports, while Spain, Italy and Germany saw its share reduced by -1.8%, -14% and -37.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Italy ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 88% share of total exports.

Among the main exporting countries, Belgium, with a CAGR of +37.7%, recorded 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

The export price in the European Union stood at $X per unit in 2021, with a decrease of -13.5% against the previous year. Overall, the export price showed a perceptible downturn. The most prominent rate of growth was recorded in 2017 when the export price increased by 14% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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 Belgium ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+7.7%), while the other leaders experienced more modest paces of growth.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports in the EU

After two years of decline, overseas purchases of machines for preparing, weaving and knitting textiles increased by 22% to X units in 2021. Total imports indicated strong growth 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. The most prominent rate of growth was recorded in 2014 when imports increased by 69%. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, textile weaving and knitting machinery imports soared to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 45%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The countries with the highest levels of textile weaving and knitting machinery imports in 2021 were Italy (X units), the Netherlands (X units) and Belgium (X units), together recording 78% of total import. It was distantly followed by France (X units), generating a 5% share of total imports. Germany (X units), Spain (X units) and Portugal (X units) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belgium (with a CAGR of +31.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and France ($X) were the countries with the highest levels of imports in 2021, together comprising 48% of total imports. Portugal, Spain, the Netherlands and Belgium lagged somewhat behind, together comprising a further 25%.

The Netherlands, with a CAGR of +17.6%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2021, which is down by -1.9% against the previous year. Overall, the import price showed a abrupt slump. The pace of growth appeared the most rapid in 2016 when the import price increased by 15% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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