With production value of USD25.1 billion, China accounts for 73.7% of the Asia Pacific total in 2023. The industry’s exports share decreases in 2023 to 32.1% of total production output. The industry’s profitability decreases and stands at 3.7% of production value in 2023, the 19th highest regionally. The costs of the industry decrease by 3.6% in 2023, largely driven by declining B2B costs. The total number of companies remains unchanged in 2023. The industry is fragmented, with the top five companies generating 8.2% of total production value in 2023. Jingwei Textile Machinery Co Ltd is the largest company in China, generating 5.4% of the industry’s total production value in 2023. China has the largest market size for machinery for textile and apparel production regionally, with demand reaching USD22.3 billion in 2023. B2B drives market demand, with B2B spending representing 97.5% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 16.1% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Machinery for Textile and Apparel Production in China: ISIC 2926. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machinery for Textile and Apparel Production in China: ISIC 2926 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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