Home / Knowledge / News / Textiles / Textile machinery sector faces competition through innovation
Textile machinery sector faces competition through innovation
27
Jun '08
The sixth edition of ACIMIT Osservatorio, the survey on the economical and financial trend of Italian manufacturers of textile machinery, was presented at the general assembly of ACIMIT, the Italian Association of Textile Machinery Manufacturers on June 24 in Milan.

The world outlook of the global textile machinery industry, outlined in the study, illustrates a rather poor pace in terms of trade. Textile machinery manufacturers from the Far East are the group which have managed to increase their market share most considerably in recent years, particularly those based in China.

In fact, in addition to representing by far the main market for the industry, China is also the world's fifth exporter of textile machinery, right behind Germany, Japan, Italy and Switzerland. Albeit in the lower bracket of the product range, Asian machinery manufacturers have proven highly competitive, especially in Asian markets, where the demand for technologically advanced machinery is still limited.

In this global context, Italy remains among the leaders in the sector, both in terms of production and exports, with an 11% market share. 2007 confirmed the recovery trend, already evident through 2006, in production for Italian textile machinery manufacturers. Production figures in Italy for 2007 neared 2.8 billion Euros, a 3% increase over the previous year. Similar growth figures were recorded for exports, which came in at 2.15 billion Euros, roughly 2% higher than in 2006.

This positive result for 2007 derives above all from a rising demand for textile maintenance machinery (above all dry-cleaning machinery), up 42% over 2006 and an astounding 66% in terms of exports. The textile machinery sector proper, on the other hand, suffered a decrease in both production (-1%) and exports (-4%).

Italy's domestic market represents a positive note, with deliveries by Italian machinery manufacturers rising 8% on a yearly basis. The recovery in investments on the part of the national textile industry is also confirmed by the trend in imports, which exceeded 630 million Euros in 2007, for a 10% increase with respect to 2006.

ACIMIT President Paolo Banfi expressed the concerns of the entire sector, “The economic situation presents some serious issues, such as rising costs for primary materials and a slowdown of the world's major economies. And the strong Euro is a further obstacle for our sector, where exports represent 80% of national production.”

Marco Fortis, Vice President of the Edison Foundation, participating at the conference & commenting on these findings, emphasized the need for companies in the sector to keep driving and promoting the technology levels of their products.

Prof.Fortis underscored the central role played by the machinery manufacturing industry in Italy's economic context and its importance for the nation's trade balance.

Association of Italian Textile Machinery Manufacturers

Must ReadView All

Apparel/Garments | On 6th Dec 2016

Alibaba merges Juhuasuan with Tmall.com

In a business reorganisation, aimed at making it easier for merchants ...

Courtesy: EFI Reggiani

Textiles | On 6th Dec 2016

EFI Reggiani shows inkjet textile solutions at India ITME

EFI Reggiani, a leading technology provider of a full range of...

Textiles | On 6th Dec 2016

Indonesian textile sector urges govt to regulate imports

The Indonesian textile industry urged its government to regulate...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner
Devereux

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search