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

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

The East Asian market for machines for preparing, weaving and knitting textiles expanded slightly to $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

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

In value terms, textile weaving and knitting machinery production expanded notably to $X in 2023 estimated in export price. The total production indicated a moderate increase 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, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports in Eastern Asia

In 2023, overseas shipments of machines for preparing, weaving and knitting textiles increased by X% to X units, rising for the seventh consecutive year after two years of decline. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are likely to see gradual growth in the immediate term.

In value terms, textile weaving and knitting machinery exports fell to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then reduced in the following year.

Exports by Country

China prevails in exports structure, accounting for X units, which was approx. X% of total exports in 2023. It was distantly followed by Japan (X units), mixing up a X% share of total exports.

China 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 2023. Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Japan (X p.p.) displayed negative dynamics.

In value terms, China ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2023.

Among the main exporting countries, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2023, dropping by X% against the previous year. In general, the export price recorded a abrupt setback. The pace of growth was the most pronounced in 2015 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%).

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports in Eastern Asia

Textile weaving and knitting machinery imports declined remarkably to X units in 2023, falling by X% against the previous year. Overall, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X units. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, textile weaving and knitting machinery imports totaled $X in 2023. Over the period under review, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

China represented the key importer of machines for preparing, weaving and knitting textiles in Eastern Asia, with the volume of imports reaching X units, which was near X% of total imports in 2023. Taiwan (Chinese) (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%) and Japan (X%).

Imports into China decreased at an average annual rate of X% from 2012 to 2023. Taiwan (Chinese) (X%), South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Taiwan (Chinese) (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Japan (X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported machines for preparing, weaving and knitting textiles in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2023, increasing by X% against the previous year. Import price indicated a perceptible expansion from 2012 to 2023: its price 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. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, import prices attained the maximum in 2023 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per unit), while South Korea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform