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Exports of sewing machines constitutes 25% of output value

30
Oct '08
From the end of the 20th century to the beginning of this century, China has become the world's largest sewing machinery producing country due to rapid development, so much so that China's output of sewing machines accounts for about 70 percent of world production.

Products from the industry are exported to more than 158 countries and regions. However, behind the brilliant achievements, the industry clearly understands and realizes that the advantage in production does not necessarily mean market advantage.

According to the preliminary data analysis of the 2007 market by the China Association of Sewing Machinery, output value of Chinese sewing machine industry was about Yuan 42 billion in 2007 while exports reached only US $1.48 billion (Yuan 10.4 billion), accounting for only 25 percent of the total output value.

Therefore the association concluded that China export prospects can be increased to the next level of growth. In addition, the boom in the apparel manufacturing exports of the last few years also contributed to pace in domestic sales.

Due to continuous appreciation of RMB and other influences, clothing exports have dropped drastically in 2008, which has led to lower domestic demand due to which sewing machine manufacturing enterprises are facing tremendous pressures and challenges.

To survive, the domestic manufacturers will have to explore new markets or increase penetration in existing international markets.

Fibre2fashion News Desk - China


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