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

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

The Italian market for machines for preparing, weaving and knitting textiles soared to $X in 2023, rising by X% against the previous year. Over the period under review, consumption showed a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, textile weaving and knitting machinery production rose rapidly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Textile weaving and knitting machinery production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Italy

In 2023, overseas shipments of machines for preparing, weaving and knitting textiles decreased by X% to X units, falling for the second year in a row after three years of growth. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, textile weaving and knitting machinery exports dropped markedly to $X in 2023. In general, exports saw a noticeable curtailment. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Egypt (X units), India (X units) and Germany (X units) were the main destinations of textile weaving and knitting machinery exports from Italy, with a combined X% share of total exports. China, the United States, Turkey, Romania, Spain, Peru, Japan, Pakistan, Portugal and Norway lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for textile weaving and knitting machinery exported from Italy were China ($X), Turkey ($X) and India ($X), together comprising X% of total exports. Egypt, the United States, Germany, Pakistan, Portugal, Spain, Japan, Peru, Romania and Norway lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Egypt, with a CAGR of X%, saw 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

The average export price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2023, with an increase of X% against the previous year. In general, the export price recorded a temperate increase. The growth pace was the most rapid in 2022 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Norway ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (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 Italy

In 2023, approx. X units of machines for preparing, weaving and knitting textiles were imported into Italy; picking up by X% on the previous year. In general, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are likely to see steady growth in the near future.

In value terms, textile weaving and knitting machinery imports dropped to $X in 2023. Over the period under review, total imports indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. 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. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Belgium (X units) were the main suppliers of textile weaving and knitting machinery imports to Italy, together comprising X% of total imports. Japan, Tunisia, the UK, France and Switzerland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Tunisia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Japan ($X) and Belgium ($X) were the largest textile weaving and knitting machinery suppliers to Italy, with a combined X% share of total imports. China, France, Switzerland, the UK and Tunisia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2023, reducing by X% against the previous year. Over the period under review, the import price faced a deep contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Tunisia ($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 prices for the other major suppliers experienced a decline.

Source: IndexBox Platform