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

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

The Romanian market for machines for preparing, weaving and knitting textiles contracted markedly to $X in 2021, waning by -99% against the previous year. Overall, consumption showed a precipitous descent. Textile weaving and knitting machinery consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

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

In value terms, textile weaving and knitting machinery production fell significantly to $X in 2021 estimated in export price. Over the period under review, production showed a significant contraction. The most prominent rate of growth was recorded in 2019 with an increase of 104% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Romania

In 2021, shipments abroad of machines for preparing, weaving and knitting textiles was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, faced a abrupt descent. The pace of growth was the most pronounced in 2017 when exports increased by 106%. Over the period under review, the exports reached the peak figure 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 skyrocketed to $X in 2021. Overall, exports, however, recorded a abrupt contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X units) was the main destination for textile weaving and knitting machinery exports from Romania, with a 47% share of total exports. Moreover, textile weaving and knitting machinery exports to Italy exceeded the volume sent to the second major destination, Egypt (X units), threefold. The third position in this ranking was held by Germany (X units), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume to Italy amounted to -15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+0.6% per year) and Germany (-4.4% per year).

In value terms, the largest markets for textile weaving and knitting machinery exported from Romania were Italy ($X), the Netherlands ($X) and Serbia ($X), together accounting for 77% of total exports. Ukraine, Pakistan, France, Egypt and Germany lagged somewhat behind, together comprising a further 12%.

France, with a CAGR of +24.7%, recorded the highest growth rate of the value of exports, among the main countries of destination 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, increasing by 16% against the previous year. Over the period under review, the export price posted a slight expansion. The pace of growth appeared the most rapid in 2015 an increase of 77% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Egypt ($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 (+24.3%), 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 Romania

For the third consecutive year, Romania recorded decline in purchases abroad of machines for preparing, weaving and knitting textiles, which decreased by -25.8% to X units in 2021. Over the period under review, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of 71% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, textile weaving and knitting machinery imports soared to $X in 2021. In general, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 when imports increased by 81%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of textile weaving and knitting machinery to Romania, accounting for a 32% share of total imports. Moreover, textile weaving and knitting machinery imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by India (X units), with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to -17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.4% per year) and India (+38.5% per year).

In value terms, the largest textile weaving and knitting machinery suppliers to Romania were Switzerland ($X), Italy ($X) and Germany ($X), together comprising 66% of total imports. Belgium, China, India, France, Japan, Turkey, the Netherlands, South Korea and Slovenia lagged somewhat behind, together accounting for a further 29%.

India, with a CAGR of +57.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2021, surging by 69% against the previous year. In general, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine-year period. 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 +97.1% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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