In the global export market for parts and accessories of looms and auxiliary machinery, China is the leading exporter by a significant margin as of 2023, with steady growth of 2.96% year-on-year. Hungary follows with a notable 3.26% increase, while Romania and Slovakia also show positive trends. Conversely, countries like Italy, South Korea, Spain, and Switzerland have experienced declines. Exponential growth was observed in Indonesia and Denmark, while Ukraine's market has seen a remarkable surge. Despite some markets contracting, the overall trend indicates a diverse performance across various countries.
Looking ahead, key trends to watch include continued growth in emerging markets, potential technological advancements in machinery, and the impact of geopolitical factors on trade policies. China's dominance is expected to persist, while countries showing recent growth could further capitalize on technological innovations and increasing global demand for textile machinery.
Top countries in Export of Parts and Accessories of Looms, Auxiliary Machinery by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 21,242,000 | 2023 | +2.73% | +2.96% | View data |
| 2 | 2 Hungary | 2,733,400 | 2023 | +2.39% | +3.26% | View data |
| 3 | 3 Czech Republic | 2,587,200 | 2023 | +1.74% | -1.49% | View data |
| 4 | 4 Belgium | 1,890,500 | 2023 | -2.37% | -0.4% | View data |
| 5 | 5 Romania | 1,753,000 | 2023 | +1.38% | +2.55% | View data |
| 6 | 6 Italy | 1,603,400 | 2023 | -8.62% | -7.74% | View data |
| 7 | 7 France | 1,330,800 | 2023 | -9.41% | +7.53% | View data |
| 8 | 8 India | 1,139,100 | 2023 | -1.72% | -2.08% | View data |
| 9 | 9 Slovakia | 1,112,800 | 2023 | +2.46% | +7.09% | View data |
| 10 | 10 Japan | 839,010 | 2023 | +0.78% | -2.34% | View data |
