Home / Knowledge / News / Textiles / Only consumers can lead way to a turnround - ACIMIT
Only consumers can lead way to a turnround - ACIMIT
17
Apr '10
“There's no doubt that we've seen some signs of a recovery during the early part of 2010, as confirmed by increased orders for the second half of 2009, and renewed investments in key markets such as China, India and Brazil. However, we need to wait for consumer spending to pick up again in order to see textile manufacturers return to investing with some continuity,” emphasizes Sandro Salmoiraghi, president of ACIMIT, adding that “macroeconomic figures do not as yet provide a one-way indication of this trend.”

Association of Italian Textile Machinery Manufacturers (ACIMIT) President Salmoiraghi then commented on the definitive 2009 figures for Italy's textile machinery industry, which indicate a 21% drop in production compared to the previous year (amounting to 1,931 million euros). Exports have also diminished by 21%, totalling some 1,506 million euros. In Italy, demand for textile machinery has fallen 27% compared to 2008. The weak internal market is also evident in a drop of imports (-32%), amounting to 359 million euros.

China, India and Turkey are the primary export markets for Italian machinery builders, albeit sales to these countries remain well lower than 2008 levels. Global demand on the whole for textile machinery has been affected by the economic crisis, as well as by a halt in investments. “Our primary competitors have suffered even greater losses than our own,” states Sandro Salmoiraghi. “These figures confirm a general crisis situation: our manufacturers have certainly not been immune, but they have reacted better.”

Association of Italian Textile Machinery Manufacturers (ACIMIT)

Must ReadView All

Fashion | On 20th Feb 2017

South Korea’s fashion industry to grow 3.3% in 2017

The South Korean fashion industry is expected to grow by 3.3 per cent ...

Textiles | On 20th Feb 2017

Brazilian cotton prices oscillate in first week of Feb

In the first fortnight of February 2017, Brazilian cotton prices...

Apparel/Garments | On 20th Feb 2017

Kate Spade & Company Q4 net sales climb 9.8%

For the three months ended December 31, 2016, net sales at apparel...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Larry L Kinn
Suominen Corporation

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search