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

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

The Irish market for machines for preparing, weaving and knitting textiles skyrocketed to $X in 2021, jumping by 33% against the previous year. Over the period under review, consumption, however, saw a abrupt decline. Textile weaving and knitting machinery consumption peaked 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 Ireland

In value terms, textile weaving and knitting machinery production contracted to $X in 2021 estimated in export price. In general, production recorded a deep setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by 95%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Ireland

In 2021, shipments abroad of machines for preparing, weaving and knitting textiles decreased by -39.2% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 593%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, textile weaving and knitting machinery exports fell modestly to $X in 2021. Overall, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 105% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for textile weaving and knitting machinery exports from Ireland, accounting for a 61% share of total exports. Moreover, textile weaving and knitting machinery exports to the United States exceeded the volume sent to the second major destination, the UK (X units), fivefold. South Africa (X units) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+2.6% per year) and South Africa (-21.3% per year).

In value terms, the United States ($X), the UK ($X) and Mexico ($X) constituted the largest markets for textile weaving and knitting machinery exported from Ireland worldwide, with a combined 89% share of total exports. These countries were followed by South Africa, the Czech Republic, France, Turkey and Switzerland, which together accounted for a further 9%.

Among the main countries of destination, the Czech Republic, with a CAGR of +287.2%, 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

In 2021, the average export price for machines for preparing, weaving and knitting textiles amounted to $X per unit, picking up by 62% against the previous year. In general, the export price showed a modest increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 203% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Switzerland ($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 India (+51.2%), 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 Ireland

Textile weaving and knitting machinery imports into Ireland skyrocketed to X units in 2021, jumping by 35% on the year before. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 486% against the previous year. Over the period under review, imports hit record highs at X units in 2018; afterwards, it flattened through to 2021.

In value terms, textile weaving and knitting machinery imports soared to $X in 2021. In general, imports recorded a significant increase. The growth pace was the most rapid in 2013 with an increase of 317% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

China (X units), Italy (X units) and Japan (X units) were the main suppliers of textile weaving and knitting machinery imports to Ireland, together accounting for 66% of total imports. The United States, Germany, Taiwan (Chinese), South Korea, the UK and Thailand lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +822.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Italy ($X) and China ($X) constituted the largest textile weaving and knitting machinery suppliers to Ireland, with a combined 76% share of total imports. Taiwan (Chinese), Japan, the UK, South Korea, Germany, Thailand and Switzerland lagged somewhat behind, together accounting for a further 18%.

Taiwan (Chinese), with a CAGR of +139.5%, 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, picking up by 66% against the previous year. Overall, the import price posted a prominent expansion. The growth pace was the most rapid in 2017 when the average import price increased by 119%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

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 the United States ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+166.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :