Home / Knowledge / News / Textiles / Decline in textile machinery exports arouses concern
Decline in textile machinery exports arouses concern
16
Jun '08
The textile machinery industry of China is still believed to be in its early stages of development and for this ongoing year, the export value of the sector is likely to exceed US $1.8 billion.

According to the data of China Customs, the country exported 1,825 sets of shuttle less looms worth $8.13 million in the first four months of this year, down by 24.42 and 26.89 percent over last year in terms of volume and value respectively.

On the other hand, it imported 6,086 sets of shuttleless looms, dropping by 15.95 percent compared to 2007. However, the import value reached $286.53 millions, up by 5.76 percent.

Considering the present market situation, experts believe that some of the enterprises in the machinery industry may even end up in worse situation compared to the previous year. While Chinese cotton textile machinery industry will enter into adjustments, the low grade cotton textile machines industry will only hold a minute share of the domestic and global market.

Textile machinery export of the country has been increasing by about 30 percent each year for the past couple of years and last year it accounted for nearly 43 percent of the total textile machinery exports of China.

These figures show that the country depends heavily on revenues generated from the transaction of textile machinery and even a marginal decline in exports is likely to affect the overall earnings of the country.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search