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Exports of sewing machines maintain stable growth
01
Nov '08
In the first half of this year, exports of China's machinery industry bucked the trend of exports of clothing and were able to maintain a stable growth. From January to June, China's exports of industrial sewing machines touched 1.4 million sets; a year-on-year increase of 5.93 percent while export value touched US $320 million, up 5.55 percent and accounting for 43 percent of total export volume of sewing machines.

Embroidery machine exports scored $170 million, accounting for 23 percent of total exports. Home-based sewing machine exports reached $150 million, accounting for 21 percent of total exports. Shipments of sewing machine parts and components fetched $100 million, accounting for 13 percent of total exports.

From amongst industrial sewing machines, exports of industrial automatic lockstitch sewing machines were 300,000 sets leading to a growth 13.85 percent, worth $83.3 million, an increase of 8.92 percent. Shipments of other industrial auto sewing machines reached 270,000 sets to grow by 19.91 percent to reach $69.8 million and post an astounding growth of 78.56 percent.

Exports of other industrial non-auto sewing machines were 830,000 sets, down 0.37 percent and attained $163 million in value again down by 11.31 percent. From amid all importing countries, China's exports to Africa and South America increased considerably and accounted for more than 50 percent of all sewing machine shipments.

Though off course demand from re-export markets fell considerably as demand in Hong Kong (China's Special Administrative Region), United States and other markets declined, as a growing number of sewing machine exporters choose to do direct exports. However shipments to Singapore maintained steady and rapid growth though exports to India, Indonesia and Japan fell to a certain extent.

Market demand in Brazil, Turkey and Russian Federation showed a strong growth momentum. Brazil tops from among all countries importing sewing machines from China. Industrial sewing machine exports to Brazil jumped up from fourth place in first half of 2007 to first place in 2008. Volume wise exports rose considerably to 59.92 percent while it grew phenomenally in value to 94.50 percent.

It is worth noting that China's exports of industrial sewing machines to Brazil and Turkey have significantly grown in value compared to volume which indicates that average unit price has improved considerably.

Fibre2fashion News Desk - China

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