The global export market for parts and accessories of looms and auxiliary machinery shows China's leading position, contributing 23.12%. France and Belgium follow, each with significant shares of 16.47% and 12.18%, respectively. The U.S. lags behind with a smaller share of 1.35%. Notable year-on-year variations include significant growth from Egypt (148.24%) and Nicaragua (167.57%), indicative of emerging export players. Meanwhile, traditional exporters such as Switzerland and Japan experienced declines of -7.95% and -1.19%, respectively.
Future trends indicate potential expansion in markets like India and Southeast Asia, driven by growing textile industries. Technological advancements could alter competitive dynamics, favoring countries that innovate in loom and machinery production. Monitoring these changes will be crucial for sustained competitive advantage in this sector.
Top countries in Export of Parts and Accessories of Looms, Auxiliary Machinery Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 23.12 | 2023 | +3.36% | +3.38% | View data |
| 2 | 2 France | 16.47 | 2023 | +2.24% | +2.13% | View data |
| 3 | 3 Belgium | 12.18 | 2023 | +1.08% | +1.85% | View data |
| 4 | 4 Italy | 10.29 | 2023 | -2.54% | -3.36% | View data |
| 5 | 5 Switzerland | 7.66 | 2023 | -7.97% | -7.95% | View data |
| 6 | 6 Japan | 5.88 | 2023 | +0.81% | -1.19% | View data |
| 7 | 7 Austria | 5.46 | 2023 | +2.41% | +2.81% | View data |
| 8 | 8 Czech Republic | 5.24 | 2023 | +0.26% | -3.77% | View data |
| 9 | 9 Hungary | 2.81 | 2023 | +3.96% | +3.63% | View data |
| 10 | 10 India | 2 | 2023 | +1.4% | +1.38% | View data |
