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

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

In 2021, the Italian market for machines for preparing, weaving and knitting textiles decreased by -5.9% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption showed a deep reduction. Over the period under review, the market attained the peak level 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 Italy

In value terms, textile weaving and knitting machinery production surged to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Italy

In 2021, shipments abroad of machines for preparing, weaving and knitting textiles was finally on the rise to reach X units after eight years of decline. Overall, exports, however, recorded a abrupt shrinkage. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, textile weaving and knitting machinery exports surged to $X in 2021. In general, exports, however, continue to indicate a mild curtailment. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units) was the main destination for textile weaving and knitting machinery exports from Italy, with a 34% share of total exports. Moreover, textile weaving and knitting machinery exports to Turkey exceeded the volume sent to the second major destination, China (X units), threefold. The third position in this ranking was taken by Pakistan (X units), with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey totaled +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-11.9% per year) and Pakistan (+4.8% per year).

In value terms, Turkey ($X) remains the key foreign market for machines for preparing, weaving and knitting textiles exports from Italy, comprising 37% of total exports. The second position in the ranking was held by China ($X), with a 14% share of total exports. It was followed by Pakistan, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value to Turkey stood at +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-8.8% per year) and Pakistan (+12.1% per year).

Export Prices by Country

The average export price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2021, jumping by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per unit), while the average price for exports to Romania ($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 (+9.3%), 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 Italy

In 2021, the amount of machines for preparing, weaving and knitting textiles imported into Italy skyrocketed to X units, picking up by 15% against the previous year. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 107%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, textile weaving and knitting machinery imports surged to $X in 2021. In general, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -25.9% against 2017 indices. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest textile weaving and knitting machinery supplier to Italy, accounting for a 75% share of total imports. Moreover, textile weaving and knitting machinery imports from Germany exceeded the figures recorded by the second-largest supplier, Japan (X units), ninefold. China (X units) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+4.6% per year) and China (+9.3% per year).

In value terms, the largest textile weaving and knitting machinery suppliers to Italy were Germany ($X), Japan ($X) and China ($X), with a combined 75% share of total imports. France and Turkey lagged somewhat behind, together comprising a further 8.7%.

Turkey, with a CAGR of +14.9%, saw the highest growth rate of 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 38% against the previous year. Over the period under review, the import price enjoyed noticeable growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 62% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a somewhat 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 Japan ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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