Weaving Machines (Looms) Price in the United States - 2023
Contents:
- Weaving Machines (Looms) Price in the United States (CIF) - 2022
- Weaving Machines (Looms) Price in the United States (FOB) - 2023
- Weaving Machines (Looms) Imports in the United States
- Weaving Machines (Looms) Exports in the United States
Weaving Machines (Looms) Price in the United States (CIF) - 2022
The average weaving machines (looms) import price stood at $792 per unit in 2022, which is down by -21.4% against the previous year. In general, the import price continues to indicate a deep contraction. The growth pace was the most rapid in 2019 an increase of 14% against the previous year. The import price peaked at $3,537 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($10,704 per unit), while the price for China ($188 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-0.7%), while the prices for the other major suppliers experienced a decline.
Weaving Machines (Looms) Price in the United States (FOB) - 2023
In September 2023, the average weaving machines (looms) export price amounted to $6,836 per unit, reducing by -36.1% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 153% month-to-month. Over the period under review, the average export prices hit record highs at $14,246 per unit in October 2022; afterwards, it flattened through to September 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($58,500 per unit), while the average price for exports to the UK ($1,768 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+118.8%), while the prices for the other major destinations experienced more modest paces of growth.
Weaving Machines (Looms) Imports in the United States
In 2022, approx. 40K units of weaving machines (looms)s were imported into the United States; growing by 62% on 2021. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, weaving machines (looms) imports soared to $32M in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Weaving Machines (Looms) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3.9 | 2.8 | 2.1 | 11.1 | 41.7% |
| Belgium | 10.4 | 7.5 | 10.2 | 8.4 | -6.9% |
| Germany | 6.6 | 3.6 | 1.7 | 4.1 | -14.7% |
| Japan | 2.4 | 2.7 | 1.9 | 2.8 | 5.3% |
| Netherlands | 0.7 | 0.5 | 0.5 | 1.1 | 16.3% |
| China | 0.2 | 1.0 | 1.0 | 0.6 | 44.2% |
| New Zealand | 0.2 | 0.3 | 0.4 | 0.4 | 26.0% |
| Sweden | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Indonesia | N/A | N/A | N/A | N/A | 0% |
| Others | 4.1 | 3.6 | 7.0 | 3.4 | -6.0% |
| Total | 28.6 | 22.1 | 25.1 | 31.9 | 3.7% |
Top Suppliers of Weaving Machines (Looms) to the United States in 2022:
- Italy (28.1K units)
- China (3.4K units)
- Netherlands (2.4K units)
- Japan (2.4K units)
- Germany (1.2K units)
- Belgium (0.8K units)
- New Zealand (0.6K units)
- Sweden (0.2K units)
Weaving Machines (Looms) Exports in the United States
In 2022, the amount of weaving machines (looms)s exported from the United States reduced notably to 1.8K units, with a decrease of -34.3% on the previous year's figure. Overall, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 108% against the previous year. Over the period under review, the exports hit record highs at 3.8K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, weaving machines (looms) exports dropped dramatically to $11M in 2022. Over the period under review, exports recorded a precipitous contraction. The pace of growth was the most pronounced in 2021 with an increase of 68%. The exports peaked at $34M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Weaving Machines (Looms) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 16.7 | 2.5 | 6.0 | 4.5 | -35.4% |
| Mexico | 2.6 | 0.7 | 2.5 | 1.1 | -24.9% |
| China | 1.0 | 0.2 | 0.2 | 0.9 | -3.5% |
| Canada | 0.3 | 0.3 | 0.1 | 0.8 | 38.7% |
| Kazakhstan | N/A | N/A | N/A | 0.5 | 0% |
| Pakistan | N/A | 1.9 | 2.4 | 0.4 | -54.1% |
| Germany | 0.2 | 0.4 | 0.3 | 0.3 | 14.5% |
| Egypt | N/A | N/A | N/A | 0.2 | 0% |
| Turkey | 0.7 | 0.6 | 0.8 | 0.2 | -34.1% |
| Spain | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Japan | N/A | N/A | N/A | 0.1 | 0% |
| Saudi Arabia | 9.8 | N/A | N/A | N/A | 0% |
| Others | 2.2 | 2.7 | 3.2 | 2.3 | 1.5% |
| Total | 33.7 | 9.3 | 15.7 | 11.3 | -30.5% |
Top Export Markets for Weaving Machines (Looms) from the United States in 2022:
- India (872.0 units)
- China (227.0 units)
- Mexico (116.0 units)
- Canada (83.0 units)
- Spain (79.0 units)
- Pakistan (72.0 units)
- Japan (48.0 units)
- Kazakhstan (39.0 units)
- Germany (32.0 units)
- Turkey (29.0 units)
- Egypt (28.0 units)
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