Overview of the Global Market for Machines For Preparing, Weaving And Knitting Textiles

Market Size for Machines For Preparing, Weaving And Knitting Textiles

In 2021, after two years of decline, there was significant growth in the global market for machines for preparing, weaving and knitting textiles, when its value increased by 19% to $X. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the global market failed to regain momentum.

Production of Machines For Preparing, Weaving And Knitting Textiles

In value terms, textile weaving and knitting machinery production shrank slightly to $X in 2021 estimated in export price. In general, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.2% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 20%. Global production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports

In 2021, shipments abroad of machines for preparing, weaving and knitting textiles increased by 58% to X units for the first time since 2018, thus ending a two-year declining trend. In general, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, textile weaving and knitting machinery exports skyrocketed to $X in 2021. Overall, exports saw a relatively flat trend pattern. The global exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, China (X units) represented the main exporter of machines for preparing, weaving and knitting textiles, mixing up 48% of total exports. The Netherlands (X units) ranks second in terms of the total exports with a 15% share, followed by Japan (8.1%), Taiwan (Chinese) (4.8%) and Turkey (4.6%). The following exporters - Italy (X units) and Germany (X units) - each reached an 8.6% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to textile weaving and knitting machinery exports from China stood at +17.8%. At the same time, the Netherlands (+52.0%), Turkey (+12.0%) and Taiwan (Chinese) (+2.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +52.0% from 2012-2021. Japan experienced a relatively flat trend pattern. By contrast, Italy (-5.7%) and Germany (-11.9%) illustrated a downward trend over the same period. While the share of China (+30 p.p.), the Netherlands (+15 p.p.) and Turkey (+1.8 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Japan (-4.7 p.p.), Italy (-7.8 p.p.) and Germany (-17.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest textile weaving and knitting machinery supplying countries worldwide were China ($X), Japan ($X) and Germany ($X), with a combined 62% share of global exports. These countries were followed by Italy, Taiwan (Chinese), Turkey and the Netherlands, which together accounted for a further 15%.

The Netherlands, with a CAGR of +16.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global 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, which is down by -12.4% against the previous year. In general, the export price showed a perceptible downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 5.1% against the previous year. The global export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the Netherlands ($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 (+7.4%), while the other global leaders experienced more modest paces of growth.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports

In 2021, after two years of decline, there was significant growth in purchases abroad of machines for preparing, weaving and knitting textiles, when their volume increased by 53% to X units. The total import volume increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, textile weaving and knitting machinery imports soared to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X units), distantly followed by Bangladesh (X units), India (X units), China (X units) and Nigeria (X units) were the largest importers of machines for preparing, weaving and knitting textiles, together generating 52% of total imports. The following importers - Italy (X units), Vietnam (X units), the Netherlands (X units), Pakistan (X units), Belgium (X units), Indonesia (X units), Iran (X units) and Uzbekistan (X units) - together made up 24% of total imports.

From 2012 to 2021, average annual rates of growth with regard to textile weaving and knitting machinery imports into Turkey stood at +12.3%. At the same time, Belgium (+31.8%), the Netherlands (+28.4%), Nigeria (+20.5%), Iran (+17.3%), Uzbekistan (+10.6%), Vietnam (+10.2%), Bangladesh (+9.1%), Pakistan (+6.0%) and India (+3.1%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the world, with a CAGR of +31.8% from 2012-2021. Italy experienced a relatively flat trend pattern. By contrast, Indonesia (-9.9%) and China (-10.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey, Nigeria, Bangladesh, the Netherlands, Belgium, Vietnam, Iran and Uzbekistan increased by +13, +4.3, +4, +3.1, +2.6, +1.9, +1.7 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest textile weaving and knitting machinery importing markets worldwide were Turkey ($X), China ($X) and India ($X), together accounting for 57% of global imports. Pakistan, Bangladesh, Vietnam, Uzbekistan, Iran, Italy, Indonesia, the Netherlands, Nigeria and Belgium lagged somewhat behind, together accounting for a further 20%.

Among the main importing countries, the Netherlands, with a CAGR of +17.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global 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, leveling off at the previous year. Overall, the import price, however, continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2020 an increase of 5.3% against the previous year. Global import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Belgium ($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 (+8.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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