Price for Textile Machinery; Spinning Machines in China - 2023
Contents:
- Price for Textile Machinery; Spinning Machines in China (CIF) - 2022
- Price for Textile Machinery; Spinning Machines in China (FOB) - 2022
- Imports of Textile Machinery; Spinning Machines in China
- Exports of Textile Machinery; Spinning Machines in China
Price for Textile Machinery; Spinning Machines in China (CIF) - 2022
The average textile machinery; spinning machines import price stood at $363,990 per unit in 2022, surging by 10% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, textile machinery; spinning machines import price decreased by -11.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 30% against the previous year. As a result, import price reached the peak level of $408,912 per unit. From 2021 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($442,569 per unit), while the price for Italy ($114,285 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Textile Machinery; Spinning Machines in China (FOB) - 2022
The average textile machinery; spinning machines export price stood at $19,049 per unit in 2022, reducing by -11.1% against the previous year. Overall, the export price recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2017 an increase of 150%. Over the period under review, the average export prices attained the peak figure at $63,961 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($58,446 per unit), while the average price for exports to Kuwait ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+117.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Textile Machinery; Spinning Machines in China
In 2022, the amount of textile machinery; spinning machineses imported into China soared to 847 units, growing by 48% on 2021. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 68% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, textile machinery; spinning machines imports skyrocketed to $308M in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Textile Machinery; Spinning Machines in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 96.9 | 107 | 161 | 277 | 41.9% |
| India | 9.9 | 0.1 | 15.7 | 12.1 | 6.9% |
| Italy | 13.4 | 1.9 | 1.3 | 10.7 | -7.2% |
| Germany | 54.5 | 6.4 | 4.6 | 8.4 | -46.4% |
| Others | 0.2 | 24.2 | 6.6 | 0.1 | -20.6% |
| Total | 175 | 140 | 189 | 308 | 20.7% |
Top Suppliers of Textile Machinery; Spinning Machines to China in 2022:
- Japan (631.0 units)
- Italy (94.0 units)
- India (86.0 units)
- Germany (19.0 units)
Exports of Textile Machinery; Spinning Machines in China
In 2022, the amount of textile machinery; spinning machineses exported from China skyrocketed to 19K units, rising by 134% on 2021 figures. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 141% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.
In value terms, textile machinery; spinning machines exports soared to $353M in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 118%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Textile Machinery; Spinning Machines in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 6.4 | 16.0 | 52.7 | 90.4 | 141.7% |
| India | 20.8 | 11.3 | 26.6 | 86.8 | 61.0% |
| Bangladesh | 17.0 | 12.2 | 19.6 | 83.6 | 70.1% |
| Vietnam | 31.9 | 3.4 | 18.2 | 21.9 | -11.8% |
| Indonesia | 16.0 | 0.7 | 4.3 | 8.8 | -18.1% |
| United Arab Emirates | 0.3 | N/A | N/A | 1.3 | 63.0% |
| Guatemala | N/A | N/A | N/A | 0.8 | 0% |
| Nicaragua | 5.7 | 0.1 | 6.6 | N/A | 7.6% |
| Kuwait | N/A | N/A | N/A | N/A | 0% |
| France | N/A | N/A | 0.4 | N/A | 0% |
| Others | 69.3 | 33.7 | 40.8 | 59.0 | -5.2% |
| Total | 168 | 77.5 | 169 | 353 | 28.1% |
Top Export Markets for Textile Machinery; Spinning Machines from China in 2022:
- Bangladesh (6.0K units)
- Pakistan (4.4K units)
- India (1.5K units)
- France (1.3K units)
- Vietnam (0.8K units)
- Indonesia (0.6K units)
- United Arab Emirates (0.5K units)
- Guatemala (0.4K units)
- Kuwait (0.4K units)
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