In 2023, India led the global exports of parts and accessories for machines preparing manmade textiles, with a share of 39.61%, followed by China at 25.35%. Malaysia saw significant growth, with a year-on-year increase of 7.28%, while Germany experienced a decline of 3.15%. The UAE exhibited the highest annual growth among the top exporters, at 11.44%. Conversely, Japan faced a steep decline of 22.86%. The five-year compound annual growth rate (CAGR) indicates varied performances, with markets like Denmark and Zambia posting substantial gains, highlighting emerging players in this industry.
Future trends to watch include:
- The continued rise of India and China, driven by strong manufacturing capabilities and competitive pricing.
- Potential shifts in European markets with Germany and Italy facing challenges, offering opportunities for smaller countries to increase their export share.
- The influence of technological advancements and sustainability practices on market dynamics, potentially reshaping industry standards and demands.
Top countries in Export of Parts and Accessories of Machines for Preparing Manmade Textiles Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 39.61 | 2023 | +3.38% | +0.39% | View data |
| 2 | 2 China | 25.35 | 2023 | +2.51% | +0.45% | View data |
| 3 | 3 Malaysia | 9.79 | 2023 | +1.7% | +7.28% | View data |
| 4 | 4 Germany | 4.4 | 2023 | -1.78% | -3.15% | View data |
| 5 | 5 United Arab Emirates | 2.92 | 2023 | -0.41% | +11.44% | View data |
| 6 | 6 South Korea | 2.35 | 2023 | -6.48% | -4.95% | View data |
| 7 | 7 Slovakia | 1.63 | 2023 | +5.35% | -1.3% | View data |
| 8 | 8 Bulgaria | 1.41 | 2023 | +6.07% | +4.18% | View data |
| 9 | 9 Switzerland | 1.4 | 2023 | -3.39% | -6.3% | View data |
| 10 | 10 Italy | 1.33 | 2023 | -12.67% | -11.04% | View data |
