Reflecting a positive trend, textile machinery exports from China surged significantly during first three quarters of the current year.
As per the National Bureau of Statistics of China data, textile machinery exports grew at a year-on-year rate of 33.04 percent to touch US$ 1.65 billion during the period.
Knitting machinery turned out to be the largest contributor with a share of 29.06 percent in textile machinery exports and clocked US$ 480 million, up a stupendous 35.95 percent, which however fell 12.12 percent, when compared with first two quarter of 2011.
Next to knitting machinery, auxiliary equipment and parts, chemical fibre machinery, nonwoven fabric machinery, dyeing, finishing and post-treatment machinery, weaving machinery, spinning machinery and weaving preparation machinery largely contributed to textile machinery exports from the country.
China shipped its textile machinery to 165 countries during the period, with Japan, Pakistan, India, Bangladesh and Indonesia being the top five importers, accounting for around 50.16 percent of total exports.
Further, as revealed by the Bureau's statistics for 676 textile machinery manufacturers, the domestic industry produced RMB 77.49 billion or US$ 12.26 billion worth of textile machines during the review period, a 28.48 percent hike from a year ago.
According to experts, such a significant rise in country's textile machinery sales volume is attributable to the extra efforts made by the textile businesses towards fine-tuning their product portfolio's rising labour costs.
This kindled the demand for upgrading and substituting the existing textile machinery with new automatic, high speed, continuous, intelligent machines with better production capacity.
Moreover, during 2010, the textile machinery suppliers fell short of meeting the demand, due to which, some of the orders were carried forward to this year.
However, in the second half of the year, particularly after October, comparatively less number of fresh orders have been booked by these textile machinery producers.