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

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

The Indian market for machines for preparing, weaving and knitting textiles soared to $X in 2022, with an increase of X% against the previous year. In general, consumption posted a pronounced increase. Textile weaving and knitting machinery consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

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

In value terms, textile weaving and knitting machinery production amounted to $X in 2022 estimated in export price. Over the period under review, production posted a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Textile weaving and knitting machinery production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from India

In 2022, overseas shipments of machines for preparing, weaving and knitting textiles increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, textile weaving and knitting machinery exports skyrocketed to $X in 2022. In general, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Bangladesh (X units) was the main destination for textile weaving and knitting machinery exports from India, with a X% share of total exports. Moreover, textile weaving and knitting machinery exports to Bangladesh exceeded the volume sent to the second major destination, Egypt (X units), sixfold. The third position in this ranking was held by Nepal (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Bangladesh amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Nepal (X% per year).

In value terms, the largest markets for textile weaving and knitting machinery exported from India were Turkey ($X), Bangladesh ($X) and China ($X), together comprising X% of total exports. Vietnam, Egypt, Indonesia, the United Arab Emirates, Germany, Brazil, Mexico, Nepal, Ethiopia and Nigeria lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Egypt, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for machines for preparing, weaving and knitting textiles amounted to $X per unit, surging by X% against the previous year. In general, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Nigeria ($X 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 Bangladesh (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into India

In 2022, the amount of machines for preparing, weaving and knitting textiles imported into India surged to X units, with an increase of X% against the year before. In general, imports showed significant growth. 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 reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, textile weaving and knitting machinery imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of textile weaving and knitting machinery to India, accounting for a X% share of total imports. Moreover, textile weaving and knitting machinery imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of machines for preparing, weaving and knitting textiles to India, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Belgium (X% per year).

Import Prices by Country

The average import price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2022, dropping by X% against the previous year. In general, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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