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

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

The South Asian market for machines for preparing, weaving and knitting textiles skyrocketed to $X in 2022, with an increase of X% against the previous year. Overall, consumption showed a notable expansion. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

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

In value terms, textile weaving and knitting machinery production reached $X in 2022 estimated in export price. The total production indicated a strong 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports in Southern Asia

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. In general, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, textile weaving and knitting machinery exports soared to $X in 2022. Overall, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, India (X units) represented the key exporter of machines for preparing, weaving and knitting textiles in Southern Asia, generating X% of total export.

India 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 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest textile weaving and knitting machinery supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India stood at X%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, jumping by X% against the previous year. Export price indicated a prominent increase from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports in Southern Asia

In 2022, the amount of machines for preparing, weaving and knitting textiles imported in Southern Asia soared to X units, surging by X% compared with the year before. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, textile weaving and knitting machinery imports skyrocketed to $X in 2022. Total imports indicated a noticeable 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 pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

India was the main importer of machines for preparing, weaving and knitting textiles in Southern Asia, with the volume of imports accounting for X units, which was approx. X% of total imports in 2022. It was distantly followed by Bangladesh (X units), constituting a X% share of total imports. Pakistan (X units) followed a long way behind the leaders.

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 2022. At the same time, Pakistan (X%) and Bangladesh (X%) displayed positive paces of growth. While the share of India (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Pakistan (X p.p.) and Bangladesh (X p.p.) displayed negative dynamics.

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

In India, textile weaving and knitting machinery imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price saw a deep setback. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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