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

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

In 2021, the Swedish market for machines for preparing, weaving and knitting textiles increased by 5.2% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate a abrupt descent. Over the period under review, the market hit record highs 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 Sweden

In value terms, textile weaving and knitting machinery production expanded remarkably to $X in 2021 estimated in export price. In general, production continues to indicate a sharp decrease. Over the period under review, production reached the peak 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 Sweden

Textile weaving and knitting machinery exports from Sweden totaled X units in 2021, increasing by 9.1% compared with the previous year's figure. Over the period under review, exports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of 29%. The exports peaked at X units in 2012; however, from 2013 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, however, recorded a drastic downturn. The growth pace was the most rapid in 2018 with an increase of 151% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X units), Turkey (X units) and Italy (X units) were the main destinations of textile weaving and knitting machinery exports from Sweden, with a combined 49% share of total exports. Ukraine, the United States, the United Arab Emirates, Slovenia, Estonia, Denmark, the Netherlands, the UK, Lithuania and China lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +95.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for textile weaving and knitting machinery exported from Sweden were Portugal ($X), the United States ($X) and Ukraine ($X), with a combined 53% share of total exports. Italy, the United Arab Emirates, Estonia, Denmark, Turkey, the Netherlands, the UK, China, Slovenia and Lithuania lagged somewhat behind, together accounting for a further 36%.

In terms of the main countries of destination, Italy, with a CAGR of +96.2%, 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

The average export price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2021, picking up by 16% against the previous year. Overall, the export price saw a mild expansion. The pace of growth appeared the most rapid in 2013 an increase of 249%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

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 China ($X per unit), while the average price for exports to Turkey ($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 China (+29.3%), 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 Sweden

In 2021, overseas purchases of machines for preparing, weaving and knitting textiles increased by 38% to X units, rising for the second year in a row after two years of decline. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 108% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, textile weaving and knitting machinery imports declined significantly to $X in 2021. Over the period under review, imports enjoyed perceptible growth. The pace of growth appeared the most rapid in 2015 when imports increased by 110%. Over the period under review, imports hit record highs at $X in 2020, and then contracted markedly in the following year.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of textile weaving and knitting machinery to Sweden, accounting for a 61% share of total imports. Moreover, textile weaving and knitting machinery imports from Germany exceeded the figures recorded by the second-largest supplier, France (X units), threefold. Japan (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 Germany totaled +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+15.8% per year) and Japan (+12.7% per year).

In value terms, the largest textile weaving and knitting machinery suppliers to Sweden were Germany ($X), Japan ($X) and France ($X), together comprising 58% of total imports.

France, with a CAGR of +22.1%, recorded 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, waning by -39.8% against the previous year. In general, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the average import price increased by 49%. As a result, import price reached the peak level of $X per unit, and then shrank remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+48.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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