Home / Knowledge / News / Textiles / India, Vietnam main markets for Chinese textile machinery
India, Vietnam main markets for Chinese textile machinery
29
Aug '13
China exported textile machinery to a total of 158 countries in the first half of 2013. Of these, the countries of South and Southeast Asia accounted for 50.19 percent of the total textile machinery exports made by China during the six-month period.
 
India imported US$ 236 million worth of textile machinery from China from January to June 2013, showing an increase of 15.89 percent year-on-year, and accounting for 20.08 percent of total textile machinery exports made by China.
 
The textile industry is booming in India, and the local Indian textile machinery manufacturing enterprises are unable to meet the sudden outbreak of demand due to their small-scale production capacity and other problems.
 
In comparison, Chinese textile machinery manufacturers have large-scale production capacity, and have higher technical level and scale of manufacturing than Indian manufacturers, which places them at an advantage.
 
Moreover, Chinese manufacturers usually need only 3-4 months for delivery of textile machinery whereas Indian firms generally require more than 24 months period for delivery of machines.
 
Further, Chinese textile machinery manufacturers produce same grade and quality as the European machinery and equipment at only half the price, which makes them very attractive for the Indian textile industry.
 
In order to develop the textile industry, Indian textile enterprises are likely to increasingly place their machinery orders with Chinese firms, making India the largest overseas market for China’s textile machinery sector.
 
From January to June 2013, China’s textile machinery exports to Vietnam increased by a sharp 129.95 percent. Although Vietnam’s textile industry is growing rapidly, its machinery and equipment manufacturing industry is far behind other countries in the region.
 
At present, Vietnamese textile machinery and equipment manufacturing industry can meet only 20 percent of domestic demand and the sector has to rely on imports for the remaining 80 percent of demand.
 
As more and more orders shift from China and other countries to Vietnam, the demand for Chinese textile machinery is likely to increase in the Southeast Asian nation.
 
China’s textile machinery exports stood at US$ 1.174 billion during the first six months of 2013, showing an increase of 7.41 percent year-on-year.
 
Jiangsu, Zhejiang, Shanghai, Beijing City, and Guangdong were the top five textile machinery exporting provinces, together accounting for 81.72 percent of total Chinese exports.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 23rd Oct 2021

FDRA urges US govt to remove tariffs causing kids' shoe price spikes

The Footwear Distributors and Retailers of America (FDRA) has sent...

Pic: Sorbis / Shutterstock.com

Fashion | On 23rd Oct 2021

Calvin Klein & Louis Vuitton top 2 trustworthy brands for US customers

Calvin Klein, an iconic American brand that has existed since 1968,...

Pic: Breuninger

E-commerce | On 23rd Oct 2021

Fashion retailer Breuninger to launch e-commerce portal in Poland

After Austria (2017) and Switzerland (2019), fashion company...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Chendhuran Sundar,

Chendhuran Sundar

It manufactures and retails menswear garments in India under the brand...

Erwin Devloo,

Erwin Devloo

The Picanol Group is a diversified industrial group active worldwide in...

Shambhu Nath Jha,

Shambhu Nath Jha

Leading research and consulting firm Fact.MR recently launched a report on ...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

A multitalented designer and founder of an eponymous label, Manish...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Samant Chauhan, Label Samant Chauhan

Samant Chauhan
Label Samant Chauhan

Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...

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

Leave your Comments


October 2021

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


Advanced Search