Italy exports 77% of textile machinery - sportstextiles: Lea SportsTextiles

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Italy exports 77% of textile machinery

09/04/2008
The Italian textile machinery industry saw production rise 3% in 2007 compared with 2006 production as a result of domestic growth, which was recorded at 8%. The growth in terms of value translates as almost €2.8 billion.

The percentage of Italian machinery that is exported continues to be high at 77%, although forecasts for the current year have been negatively affected by the value of the euro, which remains strong in international money markets, and is a serious concern for manufacturers going forward.

Primary markets for Italian exporters continue to be China – where total sales of machinery reached €360 million – followed by Turkey (€202 million) and India (€135 million).

However, only the Turkish market registered an increase in exports (+14%), while China registered negative growth of -1% and India imported 26% less Italian textile machinery.

President of Italian textile machinery manufacturer association ACIMIT, Paulo Banfi, says: "At the euro’s current levels, it will be difficult to remain competitive for very much longer internationally, despite the fact that the quality of our 'Made in Italy' products remains undisputed and is highly regarded by all our customers."

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