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Mauritius second largest buyer of circular knitting machines
08
Jun '10
According to the recent reports released by the International Textile Manufacturers Federation (ITMF), the overall global sales of electronic circular knitting machines in 2009 was 25,450, which is a surge of 20 percent as compared to 2008.

These early sales indications depict that, this is the fourth highest level attained since 2000 and it is also, significantly higher than the figures recorded before 2004 which was about 11,000.

Asia, which accounts for 85 percent of this global sale, remained the biggest buyer. In Asia, China, accounted for 17,600 machines or 69 percent of the global sales. Mauritius was the second largest buyer in 2009, with 2,300 machines, almost 9 percent of the global sales. Third position was bagged by Bangladesh with 840 machines or 3.5 percent, then India with 570 or 2 percent, Brazil with 540 machines or 2 percent and last was South Korea with 360 machines or 1.5 percent.

In comparison, electronic flat knitting machines witnessed a slump of 12 percent in 2009 recording global sales of 17,840 machines. Here too, Asia purchased the maximum number of machines accounting for 90 percent. Share of Europe, including Turkey, totaled to 9 percent of the overall sales.

Once again, China was the single largest purchaser of these machines, buying 10,690 machines or 60 percent of the overall sales. Following China was Hong Kong with 4,320 or 24 percent, Italy with 900 or 5 percent, Turkey with 470 or 3 percent and Cambodia with 200 or 1 percent.

Fibre2Fashion News Desk - India

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