Price for Textile Machinery; Spinning Machines in the United States - 2023
Contents:
- Price for Textile Machinery; Spinning Machines in the United States (CIF) - 2022
- Price for Textile Machinery; Spinning Machines in the United States (FOB) - 2023
- Imports of Textile Machinery; Spinning Machines in the United States
- Exports of Textile Machinery; Spinning Machines in the United States
Price for Textile Machinery; Spinning Machines in the United States (CIF) - 2022
In 2022, the average textile machinery; spinning machines import price amounted to $26,132 per unit, picking up by 78% against the previous year. Over the period under review, the import price recorded a significant increase. The most prominent rate of growth was recorded in 2013 an increase of 1,368% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($52,797 per unit), while the price for Canada ($2,527 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+68.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Textile Machinery; Spinning Machines in the United States (FOB) - 2023
The average textile machinery; spinning machines export price stood at $14,107 per unit in September 2023, growing by 296% against the previous month. In general, the export price continues to indicate a slight expansion. Over the period under review, the average export prices attained the peak figure at $35,414 per unit in May 2023; afterwards, it flattened through to September 2023.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was China ($32,161 per unit), while the average price for exports to the Dominican Republic ($2,899 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+41.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Textile Machinery; Spinning Machines in the United States
In 2022, the amount of textile machinery; spinning machineses imported into the United States skyrocketed to 997 units, growing by 18% against the previous year's figure. Overall, imports, however, recorded a significant contraction. The growth pace was the most rapid in 2021 when imports increased by 231%. Over the period under review, imports hit record highs at 2.6K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, textile machinery; spinning machines imports surged to $26M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 120%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Textile Machinery; Spinning Machines in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.9 | 1.1 | 5.7 | 12.4 | 47.0% |
| Japan | 7.1 | 1.0 | 2.9 | 6.6 | -2.4% |
| Italy | 4.8 | 2.2 | 2.1 | 4.8 | 0.0% |
| Turkey | 0.4 | N/A | N/A | 0.5 | 7.7% |
| New Zealand | 0.1 | 0.2 | 0.2 | 0.4 | 58.7% |
| Canada | 0.3 | 0.2 | 0.2 | 0.3 | 0.0% |
| Poland | 0.1 | 0.1 | 0.3 | 0.2 | 26.0% |
| Austria | 5.9 | N/A | N/A | N/A | 0% |
| Sweden | 0.1 | N/A | N/A | N/A | 0% |
| Czech Republic | 1.2 | N/A | N/A | N/A | 0% |
| Others | 2.0 | 0.9 | 1.0 | 1.0 | -20.6% |
| Total | 25.8 | 5.7 | 12.4 | 26.1 | 0.4% |
Top Suppliers of Textile Machinery; Spinning Machines to the United States in 2022:
- Japan (316.0 units)
- Germany (295.0 units)
- Canada (123.0 units)
- Italy (91.0 units)
- Turkey (69.0 units)
- New Zealand (35.0 units)
- Poland (19.0 units)
Exports of Textile Machinery; Spinning Machines in the United States
In 2022, exports of textile machinery; spinning machineses from the United States soared to 560 units, with an increase of 28% against the previous year. Overall, exports saw strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 115% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, textile machinery; spinning machines exports shrank to $4.3M in 2022. In general, exports, however, saw a slight slump. The most prominent rate of growth was recorded in 2021 when exports increased by 66% against the previous year. As a result, the exports attained the peak of $4.6M, and then reduced in the following year.
| Export of Textile Machinery; Spinning Machines in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 309 | 127 | 405 | 1,180 | 56.3% |
| China | 270 | 256 | 290 | 590 | 29.8% |
| Honduras | N/A | 28.4 | N/A | 398 | 274.4% |
| Spain | 239 | N/A | N/A | 375 | 16.2% |
| Germany | 181 | 50.0 | 29.4 | 333 | 22.5% |
| Mexico | 181 | 48.1 | 221 | 329 | 22.0% |
| Colombia | 11.5 | N/A | 146 | 285 | 191.6% |
| Egypt | 55.1 | 29.0 | 120 | 122 | 30.3% |
| South Africa | 5.2 | N/A | N/A | 118 | 183.1% |
| Brazil | 3.9 | 378 | 8.2 | 105 | 199.7% |
| Saudi Arabia | 1,793 | N/A | 25.3 | 46.9 | -70.3% |
| France | N/A | 15.4 | 4.1 | 39.0 | 59.1% |
| Czech Republic | 584 | 447 | 221 | 30.3 | -62.7% |
| Others | 869 | 1,392 | 3,130 | 353 | -25.9% |
| Total | 4,501 | 2,769 | 4,601 | 4,305 | -1.5% |
Top Export Markets for Textile Machinery; Spinning Machines from the United States in 2022:
- India (266.0 units)
- Honduras (47.0 units)
- China (44.0 units)
- Mexico (32.0 units)
- Spain (27.0 units)
- Germany (25.0 units)
- Colombia (23.0 units)
- Egypt (18.0 units)
- Brazil (13.0 units)
- France (10.0 units)
- South Africa (9.0 units)
- Saudi Arabia (4.0 units)
- Czech Republic (3.0 units)
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