Home / Knowledge / News / Textiles / 2010 as recovery year for Italian textile machinery manufacturers
2010 as recovery year for Italian textile machinery manufacturers
28
Feb '11
Preliminary 2010 data drawn up by ACIMIT (the Association of Italian Textile Machinery Manufacturers) show a decisive recovery under way for Italy's textile machinery sector, in the wake of a 2009 which had been marked by a conspicuous drop in production. In terms of value, Italy's textile machinery production recorded an 18% increase with respect to 2009, from 1.9 to 2.3 billion Euros. Exports drew a similarly favourable increase, at +19%, reaching a value of just under 1.8 billion Euros.

Obviously, these gains in sales and orders are a physiological consequence of the minimum levels of the previous two-year period. However, it does underscore a general reprise in demand for textile machinery across many geographical areas, materializing during the first part of 2010. The demand for Italian machinery was mostly driven by the world's major markets, with sales showing double digit growth percentages in China, India and Turkey. Overall, Italian exports obtained positive performances on all primary textile manufacturing markets; Asia and South America representing the driving forces for global demand.

The domestic market also recorded a more dynamic trend compared to the 2008-2009 period. Domestic demand jumped by 27% on previous year, for a turnover of close to one billion Euros. “These preliminary closing data are no doubt encouraging - commented ACIMIT's President Sandro Salmoiraghi - but a deep sense of uncertainty remains regarding the global scenario.”

Effectively, a study conducted by ACIMIT over the first quarter of 2011 shows that forcasts for orders remain Cautions, drawing a picture that is rather stationary with the respect to the last quarter of 2010, both for the foreign and domestic markets.

Foe more details click here.

Association of Italian Textile Machinery Manufacturers (ACIMT)

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Jurgen Gauger
Spreadshirt

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

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

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...

Paolo Ocleppo
Sandvik Hyperion

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Robert Brunner
Devereux

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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