Textile Relling Machine Market

The article provides detailed insights into the global textile relling machine market, highlighting the expected growth trends in both volume and value terms from 2022 to 2030. It covers consumption patterns, production statistics, import and export data, as well as key market players and countries driving the market growth. With in-depth analysis of market dynamics and trends, the article serves as a comprehensive guide for understanding the evolving landscape of the textile relling machine market worldwide.

Market Forecast

Driven by rising demand for textile relling machine worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.1% for the period from 2022 to 2030, which is projected to bring the market volume to 528K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.7% for the period from 2022 to 2030, which is projected to bring the market value to $2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Machines For Reeling, Unreeling Or Textile Fabrics

In 2022, approx. 526K units of machines for reeling, unreeling or textile fabrics were consumed worldwide; picking up by 14% on the year before. Over the period under review, consumption, however, showed a relatively flat trend pattern. Global consumption peaked at 537K units in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

The global textile relling machine market revenue surged to $1.6B in 2022, with an increase of 15% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -17.7% against 2020 indices. As a result, consumption reached the peak level of $2B. From 2021 to 2022, the growth of the global market remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were India (123K units), the United States (81K units) and Brazil (59K units), together comprising 50% of global consumption.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +32.2%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Italy ($283M) led the market, alone. The second position in the ranking was taken by Australia ($140M). It was followed by the United States.

In Italy, the textile relling machine market increased at an average annual rate of +7.2% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: Australia (+0.4% per year) and the United States (+6.9% per year).

In 2022, the highest levels of textile relling machine per capita consumption was registered in Singapore (2,583 units per million persons), followed by Australia (1,158 units per million persons), Chile (754 units per million persons) and Italy (508 units per million persons), while the world average per capita consumption of textile relling machine was estimated at 66 units per million persons.

From 2012 to 2022, the average annual growth rate of the textile relling machine per capita consumption in Singapore amounted to +13.4%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Australia (-0.8% per year) and Chile (+23.3% per year).

Production

World Production of Machines For Reeling, Unreeling Or Textile Fabrics

In 2022, the amount of machines for reeling, unreeling or textile fabrics produced worldwide expanded markedly to 762K units, increasing by 6.7% compared with 2021 figures. Over the period under review, production continues to indicate a relatively flat trend pattern. As a result, production attained the peak volume and is likely to continue growth in the immediate term.

In value terms, textile relling machine production fell slightly to $1.5B in 2022 estimated in export price. Overall, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +11.8% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 20%. As a result, production reached the peak level of $2B. From 2020 to 2022, global production growth failed to regain momentum.

Production By Country

China (592K units) remains the largest textile relling machine producing country worldwide, comprising approx. 78% of total volume. Moreover, textile relling machine production in China exceeded the figures recorded by the second-largest producer, Italy (45K units), more than tenfold. Australia (32K units) ranked third in terms of total production with a 4.2% share.

In China, textile relling machine production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (+6.7% per year) and Australia (+1.2% per year).

Imports

World Imports of Machines For Reeling, Unreeling Or Textile Fabrics

In 2022, overseas purchases of machines for reeling, unreeling or textile fabrics increased by 12% to 414K units, rising for the seventh consecutive year after three years of decline. Over the period under review, imports saw resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, textile relling machine imports stood at $837M in 2022. In general, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.1% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 47%. As a result, imports attained the peak of $1.2B. From 2021 to 2022, the growth of global imports failed to regain momentum.

Imports By Country

In 2022, India (125K units), distantly followed by the United States (83K units) and Brazil (60K units) represented the key importers of machines for reeling, unreeling or textile fabrics, together making up 65% of total imports. Chile (15K units), Russia (14K units), Canada (11K units), Turkey (7.4K units), Thailand (6.8K units) and Mexico (6.3K units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of +32.0%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest textile relling machine importing markets worldwide were the United States ($77M), Turkey ($62M) and India ($49M), together comprising 22% of global imports.

Among the main importing countries, India, with a CAGR of +14.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average textile relling machine import price stood at $2,023 per unit in 2022, reducing by -10.4% against the previous year. In general, the import price showed a perceptible contraction. The most prominent rate of growth was recorded in 2020 an increase of 19%. As a result, import price reached the peak level of $3,440 per unit. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($8,313 per unit), while Chile ($129 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+1.2%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Machines For Reeling, Unreeling Or Textile Fabrics

For the third consecutive year, the global market recorded growth in shipments abroad of machines for reeling, unreeling or textile fabrics, which increased by 4.5% to 650K units in 2022. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 16%. The global exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, textile relling machine exports reduced modestly to $865M in 2022. The total export value increased at an average annual rate of +5.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 16%. As a result, the exports attained the peak of $885M, and then shrank in the following year.

Exports By Country

China prevails in exports structure, amounting to 566K units, which was approx. 87% of total exports in 2022. Italy (18K units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the machines for reeling, unreeling or textile fabrics exports, with a CAGR of +6.3% from 2012 to 2022. At the same time, Italy (+5.8%) displayed positive paces of growth. While the share of China (+2.3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($261M) and Italy ($156M) appeared to be the countries with the highest levels of exports in 2022.

China, with a CAGR of +13.2%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices By Country

In 2022, the average textile relling machine export price amounted to $1,331 per unit, dropping by -6.4% against the previous year. Overall, the export price showed a mild reduction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 11%. The global export price peaked at $1,559 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($8,841 per unit), while China amounted to $460 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%).

Source: IndexBox Market Intelligence Platform