Weaving Machines (Looms) Price in the UK - 2023
Contents:
- Weaving Machines (Looms) Price in the UK (CIF) - 2022
- Weaving Machines (Looms) Price in the UK (FOB) - 2022
- Weaving Machines (Looms) Imports in the UK
- Weaving Machines (Looms) Exports in the UK
Weaving Machines (Looms) Price in the UK (CIF) - 2022
In 2022, the average weaving machines (looms) import price amounted to $183 per unit, falling by -3.6% against the previous year. Over the period under review, the import price, however, posted perceptible growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 139% against the previous year. The import price peaked at $458 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($537 per unit), while the price for Ireland ($5.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+45.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Weaving Machines (Looms) Price in the UK (FOB) - 2022
The average weaving machines (looms) export price stood at $148 per unit in 2022, jumping by 38% against the previous year. Over the period under review, the export price, however, continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 1,337% against the previous year. As a result, the export price attained the peak level of $1,648 per unit. From 2018 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($2,117 per unit), while the average price for exports to France ($3.7 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 Ireland (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.
Weaving Machines (Looms) Imports in the UK
For the fourth consecutive year, the UK recorded growth in supplies from abroad of weaving machines (looms)s, which increased by 115% to 38K units in 2022. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, weaving machines (looms) imports soared to $7M in 2022. Over the period under review, imports saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Weaving Machines (Looms) in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | N/A | 1,058 | 3,291 | 211.1% |
| Germany | 2,509 | 2,855 | 0.9 | 900 | -28.9% |
| Netherlands | 97.0 | 206 | 288 | 294 | 44.7% |
| United States | 470 | 113 | 123 | 251 | -18.9% |
| New Zealand | 123 | 202 | 277 | 220 | 21.4% |
| Thailand | N/A | N/A | N/A | 113 | 0% |
| China | 63.4 | 132 | 83.4 | 66.0 | 1.3% |
| Ireland | N/A | N/A | N/A | 7.4 | 0% |
| Others | 1,218 | 1,014 | 1,544 | 1,848 | 14.9% |
| Total | 4,480 | 4,523 | 3,374 | 6,991 | 16.0% |
Top Suppliers of Weaving Machines (Looms) to the UK in 2022:
- Belgium (18.8K units)
- New Zealand (5.2K units)
- Thailand (4.5K units)
- Netherlands (2.0K units)
- China (1.9K units)
- Germany (1.8K units)
- Ireland (1.5K units)
- United States (1.1K units)
Weaving Machines (Looms) Exports in the UK
In 2022, shipments abroad of weaving machines (looms)s decreased by -75.9% to 6.1K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 323%. As a result, the exports reached the peak of 25K units, and then contracted dramatically in the following year.
In value terms, weaving machines (looms) exports shrank sharply to $901K in 2022. In general, exports faced a dramatic slump. The growth pace was the most rapid in 2021 with an increase of 74% against the previous year. As a result, the exports reached the peak of $2.7M, and then shrank remarkably in the following year.
| Export of Weaving Machines (Looms) in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | N/A | N/A | 11.1 | 242 | 2080.2% |
| Pakistan | 9.7 | N/A | 371 | 135 | 140.5% |
| Japan | 2.8 | N/A | N/A | 49.3 | 160.2% |
| Qatar | N/A | 1.4 | N/A | 42.6 | 451.6% |
| Ireland | 3.7 | 0.2 | 8.5 | 29.8 | 100.4% |
| Germany | 25.5 | 31.3 | 31.8 | 24.6 | -1.2% |
| France | 0.8 | 0.5 | 105 | 16.6 | 174.8% |
| Slovakia | N/A | 229 | N/A | N/A | 0% |
| New Zealand | N/A | 949 | N/A | N/A | 0% |
| Others | 1,863 | 352 | 2,188 | 361 | -42.1% |
| Total | 1,906 | 1,564 | 2,715 | 901 | -22.1% |
Top Export Markets for Weaving Machines (Looms) from the UK in 2022:
- France (4523.0 units)
- Japan (345.0 units)
- Pakistan (211.0 units)
- Hungary (203.0 units)
- Ireland (190.0 units)
- Qatar (142.0 units)
- Germany (108.0 units)
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