In 2023, China led the global export of parts and accessories of looms and auxiliary machinery, showing a slight increase in export value. Emerging markets like Egypt and Ukraine displayed significant year-over-year growth, while traditional exporters like Italy and Switzerland faced declines. Notable is Denmark's positive growth, juxtaposed with severe contractions in countries like Australia and Latvia. The overall landscape indicates a mixture of stability and volatility, influenced by diverse economic conditions and technological advancements in textile machinery.
Future trends to watch include the potential expansion in markets like Egypt and Ukraine. Additionally, technological improvements and trade policies may further impact the competitive dynamics in established and emerging markets, affecting global supply chains for parts and accessories of looms.
Top countries in Export of Parts and Accessories of Looms, Auxiliary Machinery by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 182,150,000 | 2023 | +3.36% | +3.38% | View data |
| 2 | 2 France | 129,800,000 | 2023 | +2.24% | +2.13% | View data |
| 3 | 3 Belgium | 96,003,000 | 2023 | +1.08% | +1.85% | View data |
| 4 | 4 Italy | 81,077,000 | 2023 | -2.54% | -3.36% | View data |
| 5 | 5 Switzerland | 60,362,000 | 2023 | -7.97% | -7.95% | View data |
| 6 | 6 Japan | 46,299,000 | 2023 | +0.81% | -1.19% | View data |
| 7 | 7 Austria | 43,040,000 | 2023 | +2.41% | +2.81% | View data |
| 8 | 8 Czech Republic | 41,317,000 | 2023 | +0.26% | -3.77% | View data |
| 9 | 9 Hungary | 22,138,000 | 2023 | +3.96% | +3.63% | View data |
| 10 | 10 India | 15,741,000 | 2023 | +1.4% | +1.38% | View data |
