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2010 IS CONFIRMED AS A RECOVERY YEAR FOR ITALIAN TEXTILE MACHINERY MANUFACTURERS (03/24/2011)

Updated: 2011/3/24 11:02:00

Preliminary 2010 data drawn up by ACIMIT(the Association of Italian Textile Machinery Manufacturers) show a decisive recovery under way for Italy’s textile machinery sector, in the wake of a 2009 which had been marked by a conspicuous drop in production. In terms of value, Italy’s textile machinery production recorded an 18% increase with respect to 2009, from 1.9 to 2.3 billion Euros. Exports drew a similarly favourable increase, at +19%, reaching a value of just under 1.8 billion Euros.

Obviously, these gains in sales and orders are a physiological consequence of the minimum levels of the previous two-year period. However, it does underscore a general reprise in demand for textile machinery across many geographical areas, materializing during the first part of 2010. The demand for Italian machinery was mostly driven by the world’s major markets, with sales showing double digit growth percentages in China, India and Turkey. Overall, Italian exports obtained positive performances on all primary textile manufacturing markets; Asia and South America representing the driving forces for global demand.

The domestic market also recorded a more dynamic trend compared to the 2008-2009 period. Domestic demand jumped by 27% on previous year, for a turnover of close to one billion Euros.

“These preliminary closing data are no doubt encouraging - commented ACIMIT’s President Sandro Salmoiraghi - but a deep sense of uncertainty remains regarding the global scenario.” Effectively, a study conducted by ACIMIT over the first quarter of 2011 shows that forecasts for orders remain cautious, drawing a picture that is rather stationary with respect to the last quarter of 2010, both for foreign and domestic markets.

ITALIAN TEXTILE MACHINERY SECTOR
(MAIN FIGURES - MILLION EURO)

2009
2010

y/y change

Production

1931 2279
+18%
Exports 1506 1796
+19%
Imports 359 516
+44%
Domestic demand 784 999
+27%

Authority in Charge: China National Textile and Apparel Council (CNTAC)

Sponsor :China Textile Information Center (CTIC)

ISSN 1003-3025 CN11-1714/TS

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