2004-2013 TEXTILE MACHINERY MARKET ANALYSIS

The international trade of textiles and clothing has consistently grown over the years, with a compound annual growth rate (CAGR) of 4.35 percent between 2004 and 2013. The primary importers of Textiles & Clothing (T&C) worldwide are the European Union (EU) and the USA, collectively accounting for over 36 percent of the total import demand. The EU's share of T&C imports globally stands at approximately 18.55 percent, while the USA commands an import share of 17.53 percent. Notably, the European Union is among the largest markets for textiles and clothing globally.

The increasing demand for textiles and clothing in these key destinations, as well as other regions, has prompted major textile and clothing companies to invest more in the industry and expand their production capabilities. This strategic move aims to sustain and enhance their market share in the global textiles and clothing sector. Leading textile and clothing manufacturing powerhouses such as China, the United States, EU nations, and India are actively investing in the textile sector. The provided data showcases the import value and market shares of these countries in T&C machinery worldwide, with the focus limited to countries holding an import share of more than 1 percent.

As depicted in the table above, China holds the dominant position as the world's primary importer of textiles and clothing machinery, with a share exceeding 18 percent. Following China, notable importers include the United States, Turkey, India, and Germany, among others. The focus of this article centers on the key segment where investments are taking place, highlighting the major players involved in the export and import of these machinery segments on a global scale.

The ever-growing global demand for textiles and clothing has propelled manufacturers in this industry to expand their capacities and strive for competitiveness in the international market through economies of scale. In response, several European nations and select Asian countries have invested in strengthening their research capabilities and developing advanced machinery to serve the textile industry and enhance its competitiveness. This complementary trend between textile and clothing manufacturers and textile machinery manufacturers is expected to continue, fostering mutual growth and advancement in both sectors in the foreseeable future.

Major Textile Machinery Segments on the Rise

In 2013, the most sought-after category of textile machinery worldwide was Processing Machinery. This category includes machines used for washing, cleaning, drying, ironing, bleaching, dyeing, finishing, and coating textile yarns, fabrics, and finished textile articles. It also encompasses machines used in the production of floor coverings like linoleum, as well as machinery for reeling, folding, cutting, or pinking textile fabrics. This segment accounted for approximately 26.37 percent of total textile machinery imports globally, making it the most prominent category.

Furthermore, during the period from 2004 to 2013, the Processing Machinery segment experienced a compound annual growth rate (CAGR) of 3.43 percent, indicating steady growth over the last decade. Alongside processing machinery, sewing machinery also holds significant importance, contributing around 16.55 percent to the overall global machinery imports. The processing segment, as well as the garment/made-ups segment, plays a crucial role in adding value to the textile value chain. This encourages substantial investments by the textile and clothing industry in these segments, leading to a higher import demand for machinery related to processing and garment production.

Additionally, the nonwoven industry is gradually gaining traction, as evidenced by the reported CAGR. The import of machinery related to the manufacture or finishing of felt or nonwovens, including machinery used in making felt hats and hat blocks, has recorded a CAGR of 6.42 percent during the period of 2004 to 2013. This highlights the increasing significance and growth potential of the nonwoven sector in the textile machinery market.

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1. Manmade Textiles Machinery

This machinery segment comprises of Machines for extruding, drawing, texturing or cutting man-made textile materials.

The global imports of this machinery segment in 2013 are worth US$ 1317.89 million and the share of this segment in total textile machinery is around 5.34 percent. The average import of this segment during 2004-13 is estimated at worth US $ 981.29 million and has registered a CAGR of 1.69 percent during this period. China is the major importer of manmade textile machinery in the world followed by India, Turkey, United States and Brazil. The manmade textile industry is growing rapidly in the countries like Pakistan, Taiwan, Brazil, India and Malaysia as evidenced by the double digit growth rates in the import of manmade textile machinery during 2004 13 periods.

2. Spinning/Pre-Weaving Machinery

This machinery segment comprises of machines for preparing textile fibres; spinning, doubling or twisting machines and other machinery for producing textile yarns; textile reeling or winding (including weft-winding) machines. The global imports of this machinery segment in 2013 are worth US$ 3061.20 million and the share of this segment in total textile machinery is around 12.39 percent. The average import of this segment during 2004-13 is estimated at worth US $ 3190.14 million and has registered a CAGR of (-) 0.59 percent during this period. China is the major importer of spinning/pre-weaving machinery in the world followed by India, Bangladesh, Indonesia and Turkey. The spinning/pre-weaving industry is growing rapidly in the countries like Korea, India and Bangladesh as evidenced by the double digit growth rates in the import of spinning/pre-weaving textile machinery during 2004 13 periods.

3. Weaving Machinery

This machinery segment comprises of machines for preparing textile fabrics i.e., especially looms. The global imports of this machinery segment in 2013 are worth US$ 1764.35 million and the share of this segment in total textile machinery is around 7.14 percent. The average import of this segment during 2004-13 is estimated at worth US $ 1920.41 million and has registered a CAGR of (-) 1.68 percent during this period. China is the major importer of weaving machinery in the world followed by India, Turkey, Iran, Bangladesh and Indonesia.

The weaving industry is growing rapidly in Bangladesh as evidenced by the double digit growth rates in the import of weaving textile machinery during 2004 13 periods. Since Bangladesh is one of the major garment manufacturing and exporting nation in the world, its reliability on the major fabric manufacturing nations like China, India, Pakistan, etc will be reduced in the years to come.

4. Knitting Machinery

This machinery segment comprises of knitting machines, stitch-bonding machines and machines for making gimped yarn, tulle, lace, embroidery, trimmings, braid or net and machines for tufting. The global imports of this machinery segment in 2013 are worth US$ 2871.19 million and the share of this segment in total textile machinery is around 11.63 percent. The average import of this segment during 2004-13 is estimated at worth US $ 3117.75 million and has registered a CAGR of (-) 0.86 percent during this period.

China is the major importer of knitting machinery in the world followed by India, Bangladesh and Turkey. The knitting industry is growing rapidly in Brazil,

Bangladesh and India as evidenced by the double digit growth rates in the import of weaving textile machinery during 2004 13 periods.