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

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

The Europe market for machines for preparing, weaving and knitting textiles contracted to $X in 2021, falling by -8.9% against the previous year. In general, consumption continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 5.9%. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

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

In value terms, textile weaving and knitting machinery production contracted sharply to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 11% against the previous year. As a result, production attained 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 Europe

After two years of decline, shipments abroad of machines for preparing, weaving and knitting textiles increased by 50% to X units in 2021. In general, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, textile weaving and knitting machinery exports surged to $X in 2021. Overall, exports, however, saw a slight decline. The most prominent rate of growth was recorded in 2018 when exports increased by 39%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands represented the main exporting country with an export of around X units, which amounted to 52% of total exports. Italy (X units) held the second position in the ranking, followed by Germany (X units) and Belgium (X units). All these countries together took near 36% share of total exports. The following exporters - Spain (X units), the Czech Republic (X units) and Switzerland (X units) - each recorded a 5.6% 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%), Switzerland (-11.3%) and Germany (-11.9%) illustrated a downward trend over the same period. The Netherlands (+51 p.p.) and Belgium (+6 p.p.) significantly strengthened its position in terms of the total exports, while Spain, Switzerland, Italy and Germany saw its share reduced by -1.5%, -3.6%, -11.8% and -33.5% 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 Europe were Germany ($X), Italy ($X) and Belgium ($X), together accounting for 83% of total exports.

In terms of 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 Europe stood at $X per unit in 2021, declining by -13.1% against the previous year. In general, the export price continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2017 an increase of 12% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 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 Switzerland (+8.2%), while the other leaders experienced more modest paces of growth.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports in Europe

In 2021, supplies from abroad of machines for preparing, weaving and knitting textiles increased by 18% to X units for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 49%. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, textile weaving and knitting machinery imports expanded sharply to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 32% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat 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 68% of total import. It was distantly followed by Russia (X units), committing a 5.4% share of total imports. The following importers - France (X units), Germany (X units), Spain (X units), Portugal (X units), the UK (X units) and Ukraine (X units) - together made up 17% 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, the largest textile weaving and knitting machinery importing markets in Europe were Italy ($X), Russia ($X) and Germany ($X), together accounting for 39% of total imports. These countries were followed by France, Portugal, the UK, Spain, the Netherlands, Belgium and Ukraine, which together accounted for a further 35%.

The Netherlands, with a CAGR of +17.6%, saw the highest growth rate of the value of imports, in terms of 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 Europe stood at $X per unit in 2021, shrinking by -5.6% against the previous year. Over the period under review, the import price saw a pronounced descent. The pace of growth appeared the most rapid in 2013 when the import price increased by 9.9% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+11.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform