Home / Knowledge / News / Textiles / Future export of textile machinery appears gloomy

Future export of textile machinery appears gloomy

16
Apr '08
The overall output of Italian machinery industry in 2007 increased by 3 percent compared to 2006 as a result of an enlargement of Italian domestic market.

Although exports of the Italian textile machines accounted for 77 percent of the total output, it was nearly similar to the figures of 2006. This was mainly because the quantity of imports from major buyers like China and India did not mark an increase.

China, the largest consumer country for Italian machinery, imported machines worth 360 million European dollars in 2007, registering a fall of 1 percent compared to 2006.

Turkey being the second in line, imported Italian textile machines worth 202 million European dollars while India being the third largest buyer of these goods, imported 135 million European dollar in 2007, down by 26 percent than the previous year.

Experts have gauged a further decline in Italian textile machinery exports in 2008 because being expensive, the importing countries may face difficulty in buying these equipments.

Fibre2fashion News Desk - China


Must ReadView All

Pic: Shutterstock

Textiles | On 19th Oct 2020

Zimbabwe to release additional $1.5 bn for cotton farmers

Zimbabwe will release an additional $1.5 billion to settle...

Pic: Dorothy Perkins

Apparel/Garments | On 19th Oct 2020

Dorothy Perkins, Burton Menswear, First Insight partner

Dorothy Perkins and Burton Menswear, part of the Arcadia Group, and...

Pic: HanesBrands

Apparel/Garments | On 19th Oct 2020

HanesBrands to improve at least 10 million lives

HanesBrands, a socially responsible marketer of everyday basic...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

The foremost issue is bridging the skill gap

Dharmendra Shah, Ozone PB Spintex Limited

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Top executives, Indian retail players

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Atul Mittal,

Atul Mittal

Established in 1997, Pratibha Syntex produces over 60 million pieces of...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Marcel Alberts, Eurofibers

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts 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

Leave your Comments


October 2020

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


Advanced Search