Luxembourg: Market for Machines For Preparing, Weaving And Knitting Textiles 2025

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

The Luxembourg market for machines for preparing, weaving and knitting textiles soared to $X in 2021, rising by 374% against the previous year. Over the period under review, consumption showed a prominent expansion. 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 Luxembourg

In value terms, textile weaving and knitting machinery production skyrocketed to $X in 2021 estimated in export price. In general, production posted a strong increase. The pace of growth was the most pronounced in 2013 when the production volume increased by 470% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Luxembourg

Textile weaving and knitting machinery exports from Luxembourg skyrocketed to X units in 2021, growing by 5,500% compared with 2020. Overall, exports, however, saw a mild downturn. The exports peaked at X units in 2019; however, from 2020 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, however, saw a deep downturn. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Mali (X units) was the main destination for textile weaving and knitting machinery exports from Luxembourg, with a 95% share of total exports. Moreover, textile weaving and knitting machinery exports to Mali exceeded the volume sent to the second major destination, the United States (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Mali was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Mali was relatively modest.

Export Prices by Country

The average export price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2021, shrinking by -34.7% against the previous year. Overall, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2017 an increase of 109% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Mali ($X per unit), while the average price for exports to the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+18.3%), 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 Luxembourg

In 2021, approx. X units of machines for preparing, weaving and knitting textiles were imported into Luxembourg; jumping by 244% compared with the year before. Overall, imports saw a moderate expansion. The pace of growth was the most pronounced in 2015 when imports increased by 516%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, textile weaving and knitting machinery imports surged to $X in 2021. In general, imports saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X units), China (X units) and the Netherlands (X units) were the main suppliers of textile weaving and knitting machinery imports to Luxembourg, together accounting for 84% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +94.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and France ($X) were the largest textile weaving and knitting machinery suppliers to Luxembourg, together comprising 96% of total imports.

South Korea, with a CAGR of +98.2%, 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 268% against the previous year. Over the period under review, the import price enjoyed a moderate expansion. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Spain ($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 (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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