Weaving Machines (Looms) Price in China - 2023
Contents:
- Weaving Machines (Looms) Price in China (FOB) - 2022
- Weaving Machines (Looms) Price in China (CIF) - 2023
- Weaving Machines (Looms) Exports in China
- Weaving Machines (Looms) Imports in China
Weaving Machines (Looms) Price in China (FOB) - 2022
The average weaving machines (looms) export price stood at $4,764 per unit in 2022, dropping by -11.8% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 51% against the previous year. Over the period under review, the average export prices hit record highs at $10,823 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($7,442 per unit), while the average price for exports to Bangladesh ($1,759 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 Uzbekistan (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Weaving Machines (Looms) Price in China (CIF) - 2023
The average weaving machines (looms) import price stood at $32,306 per unit in September 2023, which is down by -36.5% against the previous month. In general, the import price saw a mild curtailment. The growth pace was the most rapid in July 2023 when the average import price increased by 33% m-o-m. As a result, import price reached the peak level of $56,177 per unit. From August 2023 to September 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($270K per unit), while the price for Germany ($3,859 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Weaving Machines (Looms) Exports in China
For the fourth consecutive year, China recorded growth in shipments abroad of weaving machines (looms)s, which increased by 48% to 126K units in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, weaving machines (looms) exports surged to $600M in 2022. Over the period under review, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 55%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Weaving Machines (Looms) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 172 | 114 | 231 | 390 | 31.4% |
| Vietnam | 44.7 | 29.1 | 32.7 | 43.7 | -0.8% |
| Indonesia | 17.3 | 13.5 | 13.1 | 23.8 | 11.2% |
| Bangladesh | 21.2 | 34.7 | 19.2 | 20.9 | -0.5% |
| Uzbekistan | 20.4 | 11.1 | 8.8 | 18.4 | -3.4% |
| Pakistan | 7.9 | 17.7 | 35.6 | 9.0 | 4.4% |
| United States | 0.5 | 1.5 | 2.1 | 6.4 | 133.9% |
| Others | 79.2 | 74.7 | 117 | 87.6 | 3.4% |
| Total | 363 | 296 | 460 | 600 | 18.2% |
Top Export Markets for Weaving Machines (Looms) from China in 2022:
- India (72.1K units)
- Bangladesh (11.9K units)
- Vietnam (5.9K units)
- Indonesia (4.3K units)
- Uzbekistan (4.2K units)
- Pakistan (3.5K units)
- United States (2.5K units)
Weaving Machines (Looms) Imports in China
Weaving machines (looms) imports into China dropped to 8.6K units in 2022, flattening at the previous year's figure. Overall, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. Over the period under review, imports hit record highs at 12K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, weaving machines (looms) imports contracted to $301M in 2022. In general, imports recorded a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 53%. Over the period under review, imports hit record highs at $411M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Weaving Machines (Looms) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 283 | 137 | 175 | 157 | -17.8% |
| Belgium | 81.4 | 48.6 | 106 | 88.9 | 3.0% |
| Germany | 17.5 | 20.6 | 33.0 | 34.7 | 25.6% |
| Italy | 15.1 | 9.1 | 12.2 | 12.0 | -7.4% |
| Switzerland | 10.6 | 3.4 | 12.8 | 7.6 | -10.5% |
| Others | 3.6 | 3.8 | 1.8 | 0.7 | -42.1% |
| Total | 411 | 222 | 341 | 301 | -9.9% |
Top Suppliers of Weaving Machines (Looms) to China in 2022:
- Japan (6.1K units)
- Belgium (1.7K units)
- Germany (0.3K units)
- Italy (0.2K units)
- Switzerland (0.2K units)
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