Home / Knowledge / News / Textiles / Prices of sewing machines hike in 2007

Prices of sewing machines hike in 2007

23
May '07
According to the latest customs statistics, China's textile machinery exports in the first quarter of 2007, reached US $360.22 million an increase of 32.68 percent.

China exported 620,000 sets of industrial sewing machinery, down 5.17 percent. But export value over the same period increased 5.94 percent, to $137.10 million. Export price averaged at $221 per set, a boost of 11.72 percent.

In addition, export price of textile machinery spare parts amounted to $69.41 million, an augment of 22.92 percent. Among them, exports of sewing machine needle reached 248 tons, an improvement of 18.91 percent.

Export value amounted to $2.78 million, up 22.94 percent. Export price averaged at $11,200 per ton, a growth of 3.42 percent.

According to statistics, among China's exports of textile machinery, the number of industrial sewing machine is far above other items, with larger export value and substantial market share in overseas markets.

Prices of industrial sewing machines and industrial sewing machine needles show an upward trend compared to the same period of 2006.

This indicates that China's industrial sewing machine and sewing machine needle industry is trying to shake off the past image of a low-priced competitor. Meanwhile international market has greater demand for high-performance and high-end products.

In January-March 2007, the total import value of China's textile machinery imports marked $1.10006 billion, a development of 30.12 percent.

Of which, China imported 30,000 sets of industrial sewing machines, a drop of 18.8 percent, import value marked $54.47 million, a drop of 3.72 percent. However, import price averaged at $1826 per set, 18.57 percent over the same period previous year.

This shows that China's market demand for middle and high-end products of industrial sewing machines is enlarged.

Fibre2fashion, News Desk - China


Must ReadView All

Pic: Shutterstock

Textiles | On 27th Oct 2021

US reaches multi-country agreement on Digital Services Taxes

The US has reached an agreement with Austria, France, Italy, Spain...

A portion of globe showing location of Myanmar in Asia. Pic: commons.wikimedia.org/ Valegos Mangenuit

Textiles | On 27th Oct 2021

Myanmar heading towards economic crisis

The southeast Asian nation of Myanmar, which saw military junta...

Pic: Shutterstock/I Love Coffee dot Today

Apparel/Garments | On 27th Oct 2021

Cambodia’s garment exports up by 11.4% in Jan-Sept 2021

Cambodia exported $8.2417 billion worth garments between January and...

Interviews View All

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Textile Industry, Head Honchos

Textile Industry
Head Honchos

Increase foreign exchange and create jobs

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchain is not a silver bullet for each and every problem in supply...

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Dhirubhai & Arvind Shah,

Dhirubhai & Arvind Shah

It supplies synthetic fabrics to top international brands like M&S,...

Ritu Oberoi,

Ritu Oberoi

Mumbai-based Forsarees is a socially driven business enterprise, working...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Rocky Star, Label - Rocky Star

Rocky Star
Label - Rocky Star

<b>Rocky Star,</b> an Indian designer known for his inspiration from the...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

<b>Ruma Devi i</b>s a jet-setting promoter of artisans who has empowered...

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