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

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

In 2021, the French market for machines for preparing, weaving and knitting textiles was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, showed a abrupt setback. Textile weaving and knitting machinery consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

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

In value terms, textile weaving and knitting machinery production rose sharply to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 28%. Textile weaving and knitting machinery production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from France

In 2021, the amount of machines for preparing, weaving and knitting textiles exported from France shrank modestly to X units, with a decrease of -2.1% on 2020 figures. Over the period under review, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 33%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, textile weaving and knitting machinery exports surged to $X in 2021. In general, exports continue to indicate a mild setback. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for textile weaving and knitting machinery exports from France, accounting for a 21% share of total exports. Moreover, textile weaving and knitting machinery exports to China exceeded the volume sent to the second major destination, Turkey (X units), threefold. The third position in this ranking was held by Germany (X units), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-4.7% per year) and Germany (-8.7% per year).

In value terms, the largest markets for textile weaving and knitting machinery exported from France were China ($X), Turkey ($X) and Germany ($X), with a combined 36% share of total exports. These countries were followed by the UK, the United States, India, Bangladesh, Taiwan (Chinese), Russia, Finland, Portugal, Italy and Tunisia, which together accounted for a further 33%.

Finland, with a CAGR of +362.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 an increase of 80% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Tunisia ($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 Taiwan (Chinese) (+18.0%), 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 France

For the third consecutive year, France recorded growth in purchases abroad of machines for preparing, weaving and knitting textiles, which increased by 52% to X units in 2021. Over the period under review, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, textile weaving and knitting machinery imports skyrocketed to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -7.5% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 78%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Slovakia (X units), Japan (X units) and Germany (X units) were the main suppliers of textile weaving and knitting machinery imports to France, with a combined 59% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +27.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Japan ($X) and Germany ($X) appeared to be the largest textile weaving and knitting machinery suppliers to France, together accounting for 54% of total imports. Slovakia, Italy, China and Spain lagged somewhat behind, together comprising a further 32%.

Slovakia, with a CAGR of +35.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, declining by -19.8% against the previous year. In general, the import price showed a perceptible downturn. The pace of growth appeared the most rapid in 2017 an increase of 30%. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :