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

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

The EU market for machines for preparing, weaving and knitting textiles soared to $X in 2023, increasing by X% against the previous year. The total consumption indicated a noticeable 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a lower figure.

Production of Machines For Preparing, Weaving And Knitting Textiles in the EU

In value terms, textile weaving and knitting machinery production expanded sharply to $X in 2023 estimated in export price. In general, production, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports in the EU

In 2023, approx. X units of machines for preparing, weaving and knitting textiles were exported in the European Union; picking up by X% against 2022 figures. Over the period under review, exports enjoyed modest growth. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, textile weaving and knitting machinery exports shrank to $X in 2023. Overall, exports, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

The shipments of the four major exporters of machines for preparing, weaving and knitting textiles, namely France, Spain, Belgium and Italy, represented more than two-thirds of total export. It was distantly followed by the Netherlands (X units), mixing up a X% share of total exports. Germany (X units) and Ireland (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Ireland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest textile weaving and knitting machinery supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany stood at X%. In the other countries, the average annual rates were as follows: Italy (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per unit, reducing by X% against the previous year. In general, the export price recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2013 when the export price increased by X%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports in the EU

For the fifth year in a row, the European Union recorded growth in purchases abroad of machines for preparing, weaving and knitting textiles, which increased by X% to X units in 2023. In general, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked in 2023 and is likely to continue growth in the immediate term.

In value terms, textile weaving and knitting machinery imports shrank to $X in 2023. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Spain represented the main importer of machines for preparing, weaving and knitting textiles in the European Union, with the volume of imports recording X units, which was near X% of total imports in 2023. Italy (X units) ranks second in terms of the total imports with a X% share, followed by Belgium (X%), France (X%), Ireland (X%) and the Netherlands (X%). The following importers - Germany (X units) and Poland (X units) - each accounted for a X% share of total imports.

Imports into Spain increased at an average annual rate of X% from 2012 to 2023. At the same time, Ireland (X%), Belgium (X%), Italy (X%), Poland (X%), Germany (X%), the Netherlands (X%) and France (X%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Spain, Belgium, Ireland and Italy increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), Germany ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Spain, Poland, Belgium, the Netherlands and Ireland lagged somewhat behind, together comprising a further X%.

Ireland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2023, shrinking by X% against the previous year. Over the period under review, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2023, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform