Asia-Pacific: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Asia-Pacific

In 2023, after four years of growth, there was significant decline in the Asia-Pacific market for machines for preparing, weaving and knitting textiles, when its value decreased by X% to $X. Overall, consumption, however, showed strong growth. Over the period under review, the market attained the maximum level at $X in 2022, and then dropped in the following year.

Production of Machines For Preparing, Weaving And Knitting Textiles in Asia-Pacific

In value terms, textile weaving and knitting machinery production rose sharply to $X in 2023 estimated in export price. The total production indicated a pronounced increase 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports in Asia-Pacific

Textile weaving and knitting machinery exports expanded sharply to X units in 2023, surging by X% against the previous year's figure. Overall, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The volume of export peaked in 2023 and is likely to see steady growth in the immediate term.

In value terms, textile weaving and knitting machinery exports shrank to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then contracted in the following year.

Exports by Country

China was the major exporter of machines for preparing, weaving and knitting textiles in Asia-Pacific, with the volume of exports recording X units, which was approx. X% of total exports in 2023. It was distantly followed by Singapore (X units), generating a X% share of total exports. The following exporters - Japan (X units) and India (X units) - each reached an X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Singapore (X%) and India (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China and Singapore increased by X and X percentage points, respectively. 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 Asia-Pacific were China ($X), Japan ($X) and India ($X), together accounting for X% of total exports.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per unit, reducing by X% against the previous year. In general, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2023, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while Singapore ($X per unit) was amongst the lowest.

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

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports in Asia-Pacific

In 2023, after five years of growth, there was significant decline in overseas purchases of machines for preparing, weaving and knitting textiles, when their volume decreased by X% to X units. In general, imports, however, saw prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of import peaked at X units in 2022, and then shrank in the following year.

In value terms, textile weaving and knitting machinery imports contracted to $X in 2023. Overall, imports saw a slight reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

India dominates imports structure, reaching X units, which was approx. X% of total imports in 2023. It was distantly followed by Singapore (X units), generating a X% share of total imports. The following importers - Bangladesh (X units), the Philippines (X units) and Thailand (X units) - together made up X% of total imports.

India was also the fastest-growing in terms of the machines for preparing, weaving and knitting textiles imports, with a CAGR of X% from 2012 to 2023. At the same time, the Philippines (X%), Singapore (X%) and Thailand (X%) displayed positive paces of growth. By contrast, Bangladesh (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of India, the Philippines and Singapore increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported machines for preparing, weaving and knitting textiles in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

In India, textile weaving and knitting machinery imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2023, surging by X% against the previous year. Over the period under review, the import price, however, saw a abrupt decrease. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2023, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bangladesh ($X per unit), while Singapore ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform