In 2023, the United Kingdom led European exports of textile spinning, doubling, twisting, winding, or reeling machines, despite a significant 19.53% decrease. Italy and Spain followed with year-on-year increases of 31.53% and 30.44%, respectively, highlighting strong growth. France saw a modest increase of 8.76%, while Germany experienced a sharp decline of 41.85%. Smaller markets like Latvia and Portugal showed exceptional growth, with Latvia jumping by 130.98% and Portugal by 61.77%, reflecting emerging export potential. The Netherlands and Belgium displayed contrasting trends, with the Netherlands decreasing 8.98% and Belgium increasing 15.75%.
Future trends to watch include:
- Growth stabilization in Italy and Spain as mature markets.
- Continued expansion in emerging markets like Latvia and Portugal.
- Potential recovery strategies from Germany to reverse declining trends.
- Impact of sustainability and technological advancements in machine demand.
Top countries in Export of Textile Spinning Machines, Textile Doubling, Twisting, Winding or Reeling Machines by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 73,620 | 2023 | +3.71% | -19.53% | View data |
| 2 | 2 Italy | 66,580 | 2023 | +23.02% | +31.53% | View data |
| 3 | 3 Spain | 32,700 | 2023 | +1.99% | +30.44% | View data |
| 4 | 4 France | 23,040 | 2023 | +2.22% | +8.76% | View data |
| 5 | 5 Netherlands | 12,830 | 2023 | +8.04% | -8.98% | View data |
| 6 | 6 Belgium | 8,280 | 2023 | +29.41% | +15.75% | View data |
| 7 | 7 Denmark | 3,830 | 2023 | -0.026% | +10.76% | View data |
| 8 | 8 Austria | 1,980 | 2023 | -4.67% | +3.7% | View data |
| 9 | 9 Sweden | 793 | 2023 | -0.38% | +60.27% | View data |
| 10 | 10 Ireland | 765 | 2023 | +1.32% | +28.78% | View data |
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