Italian machinery body suggests recovery may be imminent
27/09/2024
China is the world’s largest market, importing around €2.6 billion of textiles machinery in 2023, according to ACIMIT.
In 2023, member company sales to China amounted to €222 million. In the first six months of this year, exports to China increased by 38%, while the performance of total Italian exports declined slightly in the same period.
ACIMIT president Marco Salvadè said: “We hope that the recovery of the Chinese market, observed in this first half of the year, may be an early indication of a more general upturn in global demand for machinery.
“Over the past few years, demand from Chinese companies has turned to technologies that combine savings in production costs and environmental friendliness, as also demanded by brands and end consumers.
“The Chinese textile machinery market is rapidly evolving, and the level of innovation in the technology requested has risen due to the growing international competition that even Chinese companies face. In Shanghai, Italian manufacturers will display their latest innovations, essential for making textile production more efficient and sustainable.”
ACIMIT represents an industrial sector that comprises 300 manufacturers (employing around 13,000 people), with around a €2.3 billion turnover. Around 85% of the machines are exported and China is the biggest market.
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