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

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

The Indian market for machines for preparing, weaving and knitting textiles surged to $X in 2021, growing by 27% against the previous year. The market value increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, textile weaving and knitting machinery production declined modestly to $X in 2021 estimated in export price. In general, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 55%. Textile weaving and knitting machinery production peaked at $X in 2020, and then fell in the following year.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from India

In 2021, after two years of decline, there was significant growth in shipments abroad of machines for preparing, weaving and knitting textiles, when their volume increased by 94% to X units. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 108% against the previous year. The exports 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 surged to $X in 2021. In general, exports saw a remarkable increase. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X units), Bangladesh (X units) and Pakistan (X units) were the main destinations of textile weaving and knitting machinery exports from India, together comprising 39% of total exports. These countries were followed by Hong Kong SAR, Germany, Egypt, Brazil, Malaysia, China, Indonesia, Uzbekistan, Nepal and Vietnam, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +77.4%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Bangladesh ($X) and Pakistan ($X) were the largest markets for textile weaving and knitting machinery exported from India worldwide, with a combined 42% share of total exports. These countries were followed by Egypt, Malaysia, China, Germany, Brazil, Uzbekistan, Indonesia, Nepal, Hong Kong SAR and Vietnam, which together accounted for a further 33%.

In terms of the main countries of destination, Egypt, with a CAGR of +59.3%, saw the highest rates of growth with regard to 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 average export price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2021, dropping by -6.7% against the previous year. In general, the export price continues to indicate a pronounced decline. The growth pace was the most rapid in 2020 an increase of 35%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Hong Kong SAR ($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 Germany (+9.4%), 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 India

In 2021, approx. X units of machines for preparing, weaving and knitting textiles were imported into India; rising by 117% on the year before. In general, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, textile weaving and knitting machinery imports surged to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of textile weaving and knitting machinery to India, accounting for a 60% share of total imports. Moreover, textile weaving and knitting machinery imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), sixfold. Germany (X units) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+5.1% per year) and Germany (-9.7% per year).

In value terms, China ($X) constituted the largest supplier of machines for preparing, weaving and knitting textiles to India, comprising 50% of total imports. The second position in the ranking was taken by Japan ($X), with a 17% share of total imports. It was followed by Germany, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+0.7% per year) and Germany (-9.1% per year).

Import Prices by Country

The average import price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2021, falling by -6.9% against the previous year. Over the period under review, the import price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 31% 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 Belgium ($X per unit), while the price for Taiwan (Chinese) ($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 (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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