Italian textile machine manufacturers confirm a positive point of view for the first half of 2017 after increasing their sales in Turkish market by 28%
ACIMIT the parent organization for Italian textile manufacturers announced the growth trend is still going on for the first and second quarters of 2017. Compared to April – July 2016 demand for Italian machinery has increased by 26%. ACIMIT representing a sector compromising of 12 thousand employees and approximately 300 firms, stresses a very positive expectation from 2017.
Alessandro Zucchi made a review for Textilegence after recently being elected as the new chairman for ACIMIT in June. Zucchi informs a positive position for textile machine manufacturers with both orders coming from Italian market and markets abroad for the first quarter of 2017 and informs the growth of this trend for the second quarter. Zucchi tells us that the market has obtained a 24% increase for the first quarter and 26% increase for the second quarter compared to the previous year’s same periods and adds; “The first half of 2017 was very positive due to the increase in orders for both our domestic and foreign markets. In Italy, orders were up 66% compared to the April-June of 2016, and abroad they were up 22%. Data for Italian exports of textile machinery, updated to the first quarter, confirm this growth trend.”
Zucchi informs that sales and order expectations were met for Italian machine manufacturers in the first half of the year and tells that they are witnessing a recovery of demand in the Chinese and Turkish markets, two global leaders in textile machinery imports. “Our manufacturers has achieved a 28% increase in sales compared to 2016” adds Zucchi. Meanwhile, demand is growing in countries such as Vietnam and Iran, which have contributed to influencing this positive trend in foreign trade for the industry.
ACIMIT provide support to their members in different markets
Zucchi thinks 2017 should close with a further increase in both production activity and exports for the Italian companies. As far as the Turkish market goes, they believe Italian sales will close on a positive note. Turkish market will always play a prominent role among global market leaders in the textile sector according to Zucchi. He informs they foresee a further strengthening in the near future of Turkish market’s textile industry on the international scene.
With their 70 year of experience, ACIMIT the parent organization for Italian textile manufacturers, provides support to their members which Alessandro Zucchi describes as; “support initiatives to our associated members range from activities prior to their entry into new markets, through marketing intelligence services, to work in the field in the guise of initiatives at local industry trade fairs, incoming missions with textile entrepreneurs in selected Countries, and technology seminars organized on site. These are just a few examples of the activities regularly promoted by ACIMIT in partnership with the Italian Trade Agency.”
Zucchi describes the next important date for Italy’s textile machinery manufacturers will be ITMA Barcelona without a doubt, which will be held in 2019. Pointing out many manufacturers are already working to ensure they arrive at this meeting with important innovations he concluded saying; “2018 will be an intermediate year that will serve to fine tune technology innovations focusing on increasing the digitalization of production processes from an Industry 4.0 perspective.”
Turkish Market values 172 Million Euro
In 2016 Italian textile machine market had an estimated value of 2,7 billion euros and was exporting more than 85% of their production to global markets. In the same period market has raised their export share by 2,3% and obtained a 2,3 billion revenue from exports. Market shares for the export markets are as; 47% Asia, 35% Europe, 8% North America, 7% South America, 3% Africa. Biggest markets for Italian machine manufacturers were as follow in 2016; China (308 million euro), Turkish market (172 million euro), India (135 million euro), Bangladesh (110 million euro), USA (97 million euro), Pakistan (80 million euro), Germany (79 million euro), Vietnam (49 million euro), Mexico (47 million euro) and Portugal (47 million euro).
Machine groups that were mostly exported by Italian machine manufacturers were as follow; 32% finishing machines, 22% spinning machines, 22% accessories, 11% knitting machines, 8% weaving machines and 5% other machines. Italian firms allocate more than 5% of their turnovers to research every year. This help the development of energy efficient and highly productive machines.