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

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

The German market for machines for preparing, weaving and knitting textiles expanded sharply to $X in 2021, picking up by 12% against the previous year. Over the period under review, consumption continues to indicate a pronounced reduction. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

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

In value terms, textile weaving and knitting machinery production declined remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2017 when the production volume increased by 25% against the previous year. Textile weaving and knitting machinery production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Germany

In 2021, overseas shipments of machines for preparing, weaving and knitting textiles were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 125%. 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 soared to $X in 2021. In general, exports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of 26%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X units), China (X units) and India (X units) were the main destinations of textile weaving and knitting machinery exports from Germany, with a combined 53% share of total exports. These countries were followed by Uzbekistan, the United States, Italy, Pakistan, Mexico, Russia, Brazil, Egypt, Indonesia and Bangladesh, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of +3.0%), while the other leaders experienced a decline.

In value terms, the largest markets for textile weaving and knitting machinery exported from Germany were China ($X), Turkey ($X) and India ($X), together comprising 65% of total exports. These countries were followed by the United States, Pakistan, Uzbekistan, Russia, Italy, Brazil, Mexico, Egypt, Indonesia and Bangladesh, which together accounted for a further 19%.

Pakistan, with a CAGR of +14.5%, 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 mixed trend patterns.

Export Prices by Country

In 2021, the average export price for machines for preparing, weaving and knitting textiles amounted to $X per unit, picking up by 3.5% against the previous year. Over the period under review, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 81% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Indonesia ($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 Pakistan (+15.5%), 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 Germany

For the fifth consecutive year, Germany recorded decline in supplies from abroad of machines for preparing, weaving and knitting textiles, which decreased by -10.6% to X units in 2021. In general, imports recorded a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of 51%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, textile weaving and knitting machinery imports expanded rapidly to $X in 2021. Over the period under review, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2014 with an increase of 24%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and India (X units) were the main suppliers of textile weaving and knitting machinery imports to Germany, together accounting for 44% of total imports. These countries were followed by Brazil, Vietnam, Italy, Switzerland, Poland, Japan, France, Thailand, Turkey and Austria, which together accounted for a further 48%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +92.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest textile weaving and knitting machinery suppliers to Germany were Switzerland ($X), Italy ($X) and Taiwan (Chinese) ($X), together accounting for 45% of total imports. India, Brazil, China, Vietnam, Japan, Thailand, France, Turkey, Poland and Austria lagged somewhat behind, together accounting for a further 40%.

Vietnam, with a CAGR of +263.2%, 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, rising by 21% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, textile weaving and knitting machinery import price increased by +60.5% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 31% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

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 Switzerland ($X per unit), while the price for Poland ($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 (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :