Weaving Machines (Looms) Price in India - 2023
Contents:
- Weaving Machines (Looms) Price in India (CIF) - 2022
- Weaving Machines (Looms) Price in India (FOB) - 2022
- Weaving Machines (Looms) Imports in India
- Weaving Machines (Looms) Exports in India
Weaving Machines (Looms) Price in India (CIF) - 2022
In 2022, the average weaving machines (looms) import price amounted to $9,224 per unit, with an increase of 2% against the previous year. In general, the import price, however, showed a deep setback. The most prominent rate of growth was recorded in 2016 an increase of 59% against the previous year. As a result, import price reached the peak level of $20,997 per unit. From 2017 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($19,168 per unit), while the price for Portugal ($3,210 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-1.8%), while the prices for the other major suppliers experienced a decline.
Weaving Machines (Looms) Price in India (FOB) - 2022
In 2022, the average weaving machines (looms) export price amounted to $2,268 per unit, picking up by 8% against the previous year. Overall, the export price, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2014 an increase of 25% against the previous year. As a result, the export price reached the peak level of $8,316 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 Turkmenistan ($6,303 per unit), while the average price for exports to Nigeria ($418 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 Turkmenistan (+46.9%), while the prices for the other major destinations experienced more modest paces of growth.
Weaving Machines (Looms) Imports in India
In 2022, approx. 74K units of weaving machines (looms)s were imported into India; picking up by 63% against the previous year's figure. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 71%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, weaving machines (looms) imports skyrocketed to $681M in 2022. Overall, imports enjoyed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Weaving Machines (Looms) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 184 | 109 | 244 | 384 | 27.8% |
| Japan | 75.3 | 51.3 | 52.5 | 124 | 18.1% |
| Belgium | 84.3 | 46.4 | 42.4 | 77.9 | -2.6% |
| Italy | 23.7 | 17.2 | 29.0 | 46.2 | 24.9% |
| Turkey | 13.8 | 2.4 | 4.5 | 9.1 | -13.0% |
| Portugal | 0.6 | 0.6 | 0.4 | 4.6 | 97.2% |
| Germany | 6.9 | 1.9 | 3.9 | 4.5 | -13.3% |
| United States | 5.1 | 3.4 | 9.0 | 3.9 | -8.6% |
| Others | 30.3 | 20.6 | 23.5 | 26.6 | -4.2% |
| Total | 424 | 253 | 410 | 681 | 17.1% |
Top Suppliers of Weaving Machines (Looms) to India in 2022:
- China (46.3K units)
- Japan (11.3K units)
- Belgium (6.9K units)
- Italy (2.4K units)
- Portugal (1.4K units)
- Germany (1.2K units)
- Turkey (0.8K units)
- United States (0.3K units)
Weaving Machines (Looms) Exports in India
Weaving machines (looms) exports from India reduced to 17K units in 2022, declining by -14.3% compared with 2021. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +8.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 58% against the previous year. As a result, the exports reached the peak of 20K units, and then declined in the following year.
In value terms, weaving machines (looms) exports contracted to $39M in 2022. The total export value increased at an average annual rate of +3.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 37% against the previous year. As a result, the exports reached the peak of $42M, and then fell in the following year.
| Export of Weaving Machines (Looms) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 2.8 | 4.2 | 8.3 | 5.9 | 28.2% |
| Indonesia | 1.6 | 1.7 | 1.8 | 3.6 | 31.0% |
| Turkmenistan | 0.8 | 0.4 | 2.4 | 3.6 | 65.1% |
| Vietnam | 5.7 | 3.8 | 2.8 | 2.5 | -24.0% |
| United Arab Emirates | 0.2 | 0.6 | 0.4 | 2.4 | 128.9% |
| Turkey | 0.5 | 2.7 | 1.8 | 2.0 | 58.7% |
| Brazil | 0.8 | 0.9 | 5.4 | 1.7 | 28.6% |
| Nigeria | 0.8 | 0.5 | 0.4 | 1.5 | 23.3% |
| Algeria | 0.8 | 0.7 | 0.8 | 1.1 | 11.2% |
| Mozambique | N/A | N/A | N/A | 0.9 | 0% |
| Nepal | 0.2 | 0.5 | 1.2 | 0.7 | 51.8% |
| Egypt | 1.3 | 1.7 | 1.3 | 0.7 | -18.6% |
| Yemen | N/A | N/A | N/A | 0.2 | 0% |
| Others | 19.1 | 13.1 | 15.4 | 12.0 | -14.4% |
| Total | 34.7 | 30.8 | 42.1 | 38.9 | 3.9% |
Top Export Markets for Weaving Machines (Looms) from India in 2022:
- Nigeria (3.6K units)
- Bangladesh (2.8K units)
- Indonesia (1.7K units)
- Nepal (1.3K units)
- United Arab Emirates (0.9K units)
- Mozambique (0.8K units)
- Vietnam (0.6K units)
- Turkmenistan (0.6K units)
- Yemen (0.5K units)
- Turkey (0.4K units)
- Algeria (0.4K units)
- Brazil (0.3K units)
- Egypt (0.3K units)
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