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Solid growth rates can be expected by high-tech suppliers
03
Jan '08
The German manufacturers of garment and leather technology and textile care machinery expect output to rise by 3 percent for 2007.

This means the production volume will grow to a total of EUR 931 million (2006: EUR 904 m) and the positive trend of the previous year will continue.

Key buyer countries in 2006 were the USA at EUR 67.0 m, China at EUR 58.5 m, Italy at EUR 46.8 m and Turkey at EUR 44.4 m.
Speaking at this year's Annual General Assembly in Frankfurt, Tilo Ullmer, Chairman of the VDMA German Garment and Leather Technology Association and General Manager at the PMF-Fortuna Group, explained: "German machinery manufacturers are currently experiencing a hitherto unseen upswing in many areas.

This development - albeit to a lesser degree - has also benefited our industry and some of its sub-sectors. Solid growth rates can be expected especially by German high-tech suppliers."

German technology to prevail on global markets:
Commenting on developments Elgar Straub, General Manager of the VDMA German Garment and Leather Technology Association, said: "As early as mid-2006 our industries started noting a perceivable increase in demand.

Long awaited investment came as from the middle of the year and the very full order books sometimes even caused delivery bottlenecks because upstream suppliers were also overwhelmed by a drastic increase in orders."

He then noted: "Forecasts for last year (2006) were even exceeded." Ullmer also said output in 2006 was up by 4.2 % (while the original forecast was 3 %) and added: "In 2007 the large majority of Association members managed to maintain this positive momentum.

Just how long the trend will continue is hard to see." Straub then also remarked: "We succeeded in consolidating and expanding our position as quality vendors and service providers especially in the high-end segment."

Developments in Sub-Sectors:
2006 also saw German companies in seaming and apparel engineering and industrial textile processing slightly increase their share in world trade by 1.2 % over the previous year to 12.9 %. The resulting export volume totalled EUR 406.9 m (2005: EUR 368.4 m).

This means Germany now ranks third in the top supplier countries of seaming and apparel technology. China maintains its first place holding a 26.8 % share in global trade with exports amounting to EUR 845.5 million (2005: 23.8% and EUR 745.3 m).

The People's Republic is then followed by Japan with a 16.9 % share in global trade and exports totalling EUR 617.9 m (2005: 21.1% and EUR 660.6 m).

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