Africa: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Africa

The African market for machines for preparing, weaving and knitting textiles soared to $X in 2023, picking up by X% against the previous year. In general, consumption, however, showed a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Machines For Preparing, Weaving And Knitting Textiles in Africa

In value terms, textile weaving and knitting machinery production expanded sharply to $X in 2023 estimated in export price. Over the period under review, production, however, showed a slight decrease. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports in Africa

In 2023, overseas shipments of machines for preparing, weaving and knitting textiles decreased by X% to X units for the first time since 2018, thus ending a four-year rising trend. Overall, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, textile weaving and knitting machinery exports reduced to $X in 2023. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

South Africa represented the major exporting country with an export of about X units, which reached X% of total exports. It was distantly followed by Morocco (X units), mixing up a X% share of total exports. Gabon (X units) took a minor share of total exports.

South Africa was also the fastest-growing in terms of the machines for preparing, weaving and knitting textiles exports, with a CAGR of X% from 2012 to 2023. At the same time, Gabon (X%) displayed positive paces of growth. Morocco experienced a relatively flat trend pattern. While the share of South Africa (X p.p.), Morocco (X p.p.) and Gabon (X p.p.) increased significantly, 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 in Africa were South Africa ($X), Morocco ($X) and Gabon ($X), with a combined X% share of total exports.

Morocco, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Africa stood at $X per unit in 2023, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Morocco ($X per unit), while Gabon ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced a decline in the export price figures.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports in Africa

After three years of growth, purchases abroad of machines for preparing, weaving and knitting textiles decreased by X% to X units in 2023. Over the period under review, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of import peaked at X units in 2022, and then fell dramatically in the following year.

In value terms, textile weaving and knitting machinery imports skyrocketed to $X in 2023. Total imports indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa represented the key importer of machines for preparing, weaving and knitting textiles in Africa, with the volume of imports recording X units, which was approx. X% of total imports in 2023. It was distantly followed by Tanzania (X units) and Egypt (X units), together achieving a X% share of total imports. The following importers - Morocco (X units), Mozambique (X units) and Algeria (X units) - each finished at a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Tanzania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constitutes the largest market for imported machines for preparing, weaving and knitting textiles in Africa, comprising X% of total imports. The second position in the ranking was taken by Morocco ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

In Egypt, textile weaving and knitting machinery imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Morocco (X% per year) and South Africa (X% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2023, with an increase of X% against the previous year. In general, the import price, however, recorded a deep reduction. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Egypt ($X per unit), while Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform