India’s Textile Machinery Imports Witnessed a Hike

The textile machinery industry in India is flourishing, thanks to the nation’s growing textile and garment market. Presently, the textile machinery sector is playing a crucial role in the country’s textile and garment sector’s transition from labor-intensive to more modern and automated manufacturing. The Indian textile machinery sector is likely to increase in the coming years, thanks to rising demand for textile machinery in both domestic and foreign markets.

Despite the fact that the Covid-19 pandemic hampered the textile machinery industry in 2020, India had managed to revive by the end of August 2021.

Imports of Machinery for processing fibre totalled $78.65 million in August 2020, rising to $203.02 million by the end of August 2021. India has imported 254.31 million USD worth of Auxiliary Machinery and parts textile machinery by the end of August 2021, an increase of 89.75 percent. Weaving Machines (Looms) imports increased by 31.85 percent by August 2021, from 183.63 million USD in 2020 to 242.1 million USD in 2021. Imports of Machinery for knitting, lace, embroidery, tufting, etc. totalled $102.46 million between January to August 2020, growing to $ 04.25 million in the corresponding period of 2021. The country imported machinery for making belt, nonwovens and hats worth 56.31 million dollars by August 2021.

Imports of Machinery for Processing Fibre

With imports of Machinery for processing fibre worth 24.98 million USD by August 2020 and 76.81 million USD by August 2021, Japan took the leading position. By August 2020, India had imported commodities worth $14.44 million from China, which climbed up to $32.78 million by August 2021. Germany’s exports totalled 19.54 million dollars at the end of August 2021. India bought 1.65 million USD worth of machineries from Netherlands between January and August 2020, but this jumped to 16.64 million dollars by the end of August 2021. By August 2021, the Italy and Switzerland shipped machineries to India worth about 15.91 and 11.24 million USD respectively. Malaysia’s exports to India were worth 0.29 million USD by August, 2020 which increased significantly to 7.49 million USD at the end of August 2021.

Imports of Auxiliary Machinery and Parts Textile Machinery

China ranked first in both years, exporting 42.04 million USD valued auxiliary machinery and textile machinery parts to India by the end August 2020 and August 2021 respectively. Between Jan-Aug 2021, India imported machinery worth $71.57 million USD from Germany. India’s imports from Japan were totalled 15.59 million dollars by August 2020 which increased to 19.36 million dollars by August 2021. Between Jan to Aug 2020, Netherland’s exports to India totalled 4.95 million dollars, rising to 7.56 million dollars by 52.73% at the end of August 2021. By August 2021, Korea and France have exported auxiliary machinery and textile machinery parts valued 4.97 and 4.34 million dollars. India’s imports from the rest of the world grew by 89.82 percent.

Imports of Weaving Machines (Looms)

With total exports of weaving machines (looms) worth 66.41 million USD by August 2020 and 138.7 million USD by August 2021, China secured the top position. By the end of August 2021, Japan’s exports to India dropped by 25.88% to 33.59 million dollars. By August 2021, USA and Hongkong, who had exported weaving machines worth 1.56 and 2.64 million USD to India, increased their exports to 5.92 and 4.12 million USD. On the other hand, UAE’s exports declined to 3.34 million dollars by 20.02% between January and August of this year. India’s overall weaving machine imports had increased by 31.84 percent.

Imports of Machines for Knitting, Lace, Embroidery, Tufting, Etc

Germany exported Machinery for knitting, lace, embroidery, tufting, etc. to totalled 16.05 million USD by the end of August 2021. Taiwan’s exports were worth 10.79 and 10.97 million USD in the respective years. Turkey secured the 5^th position exporter in both the years 2020 and 2021, with total exports of 0.19 million USD and 5.14 million USD in the corresponding period of both years. As of August 2021, India’s imports from Singapore and United States were totalled 2.22 and 2.12 million dollars. At the end of August 2021, India’s overall exports of machines for Knitting, Lace, Embroidery, Tufting, and other crafts climbed by 99.30%.

Exports of Machinery for Making Felt and Nonwovens, Including Hats

France exported machinery for making belt, nonwovens and hats worth 0.02 million USD to India between Jan and Aug 2020 which hiked up to 12.18 million USD during the same time span in 2021. Germany’s exports of these machinery increased by 13.07% by August 2021 with total exports of 1.73 million dollars. By the end of August 2021, India purchased machinery worth around 0.5 million from both Korea and Taiwan. Hongkong witnessed a fall in the exports of machinery to India with total exports decreased by 64.67% to 0.31 million USD. India’s total imports of machinery for making belt, nonwovens and hats were worth 56.12 million dollars.