Price for Textile Machinery; Spinning Machines in India - 2023
Contents:
- Price for Textile Machinery; Spinning Machines in India (FOB) - 2022
- Price for Textile Machinery; Spinning Machines in India (CIF) - 2022
- Exports of Textile Machinery; Spinning Machines in India
- Imports of Textile Machinery; Spinning Machines in India
Price for Textile Machinery; Spinning Machines in India (FOB) - 2022
The average textile machinery; spinning machines export price stood at $3,173 per unit in 2022, declining by -32.1% against the previous year. Overall, the export price showed a pronounced shrinkage. The pace of growth was the most pronounced in 2014 an increase of 44%. As a result, the export price reached the peak level of $7,398 per unit. From 2015 to 2022, the average 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 Turkey ($25,954 per unit), while the average price for exports to Germany ($490 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 Vietnam (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Textile Machinery; Spinning Machines in India (CIF) - 2022
In 2022, the average textile machinery; spinning machines import price amounted to $17,493 per unit, waning by -18.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 45%. Over the period under review, average import prices hit record highs at $37,235 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($50,838 per unit), while the price for the Czech Republic ($6,252 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+16.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Textile Machinery; Spinning Machines in India
In 2022, the amount of textile machinery; spinning machineses exported from India soared to 97K units, jumping by 159% against 2021. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, textile machinery; spinning machines exports skyrocketed to $308M in 2022. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 107%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Textile Machinery; Spinning Machines in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 12.5 | 20.9 | 55.2 | 85.5 | 89.8% |
| Bangladesh | 23.8 | 11.6 | 25.4 | 78.1 | 48.6% |
| Vietnam | 13.7 | 5.8 | 0.6 | 28.7 | 28.0% |
| China | 5.2 | 0.1 | 12.1 | 28.6 | 76.5% |
| Indonesia | 5.4 | 7.2 | 2.7 | 15.5 | 42.1% |
| Germany | 0.9 | 0.5 | 0.5 | 0.9 | 0.0% |
| Others | 80.0 | 38.6 | 78.8 | 70.4 | -4.2% |
| Total | 141 | 84.6 | 175 | 308 | 29.8% |
Top Export Markets for Textile Machinery; Spinning Machines from India in 2022:
- Bangladesh (82.6K units)
- Turkey (3.3K units)
- Indonesia (2.2K units)
- Germany (1.8K units)
- Vietnam (1.5K units)
- China (1.5K units)
Imports of Textile Machinery; Spinning Machines in India
Textile machinery; spinning machines imports into India surged to 10K units in 2022, growing by 78% on 2021 figures. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 191% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, textile machinery; spinning machines imports surged to $178M in 2022. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 210% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Textile Machinery; Spinning Machines in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 40.6 | 8.2 | 23.3 | 81.2 | 26.0% |
| Japan | 22.0 | 12.4 | 52.1 | 33.2 | 14.7% |
| Germany | 14.5 | 2.5 | 7.9 | 15.6 | 2.5% |
| Switzerland | 2.6 | 1.9 | 7.1 | 13.2 | 71.9% |
| Belgium | 2.5 | 0.9 | 2.3 | 10.6 | 61.9% |
| Netherlands | N/A | 7.8 | 12.2 | 7.6 | -1.3% |
| United States | 0.1 | 0.3 | 0.8 | 3.4 | 224.0% |
| Others | 10.7 | 5.8 | 17.6 | 13.4 | 7.8% |
| Total | 92.9 | 39.7 | 123 | 178 | 24.2% |
Top Suppliers of Textile Machinery; Spinning Machines to India in 2022:
- China (4.0K units)
- Belgium (1.4K units)
- Germany (1.3K units)
- Netherlands (1.0K units)
- Japan (0.7K units)
- Switzerland (0.7K units)
- United States (0.5K units)
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