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

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

In 2023, the Romanian market for machines for preparing, weaving and knitting textiles increased by X% to $X, rising for the third consecutive year after six years of decline. Overall, consumption showed mild growth. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.

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

In value terms, textile weaving and knitting machinery production reduced rapidly to $X in 2023 estimated in export price. In general, production faced a dramatic downturn. Textile weaving and knitting machinery production peaked at $X in 2022, and then declined remarkably in the following year.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Romania

In 2023, after two years of decline, there was significant growth in shipments abroad of machines for preparing, weaving and knitting textiles, when their volume increased by X% to X units. In general, exports, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, textile weaving and knitting machinery exports surged to $X in 2023. Overall, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for textile weaving and knitting machinery exports from Romania, accounting for a X% share of total exports. Moreover, textile weaving and knitting machinery exports to France exceeded the volume sent to the second major destination, India (X units), twofold. Italy (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Italy (X% per year).

In value terms, the largest markets for textile weaving and knitting machinery exported from Romania were Italy ($X), India ($X) and Germany ($X), together accounting for X% of total exports. China, Ukraine, Slovakia, Moldova, the Netherlands, Poland, France, the United States, Norway and Brazil lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Poland, 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

In 2023, the average export price for machines for preparing, weaving and knitting textiles amounted to $X per unit, which is down by X% against the previous year. Overall, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to the United States ($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 the Netherlands (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 Romania

In 2023, approx. X units of machines for preparing, weaving and knitting textiles were imported into Romania; increasing by X% compared with 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X units. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, textile weaving and knitting machinery imports surged to $X in 2023. Over the period under review, imports, however, continue to indicate a pronounced reduction. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), Italy (X units) and China (X units) were the main suppliers of textile weaving and knitting machinery imports to Romania, together accounting for X% of total imports. The Netherlands, Belgium, Japan, Australia, Austria, Switzerland, France, Spain, Poland and the UK 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 Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest textile weaving and knitting machinery suppliers to Romania were Italy ($X), Germany ($X) and France ($X), together comprising X% of total imports. Switzerland, China, Austria, Spain, Japan, Belgium, the Netherlands, Australia, Poland and the UK lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Poland, 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

In 2023, the average import price for machines for preparing, weaving and knitting textiles amounted to $X per unit, shrinking by X% against the previous year. In general, the import price continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per unit), while the price for the UK ($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 more modest paces of growth.

Source: IndexBox Platform