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Italian textile machinery orders remain stationary for first quarter 2024

TopicalItalian textile machinery orders remain stationary for first quarter 2024

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For the Italian textile machinery sector, the year 2024 started without any significant differences in the global and domestic markets. The first quarter has seen the orders index, as reported by the Economics Department of ACIMIT – the Association of Italian Textile Machinery Manufacturers – remain stationary compared to the same period the previous year. Based on 2021, the index was calculated as 61.2 points in absolute terms (basis: 2021=100).

This result is due to entirely different trends between the domestic and foreign markets. On the home front, orders were up 15% compared to the first three months of 2023, whereas orders abroad fell by 4%. The absolute value of the index on foreign markets came in at 59.4 points, in comparison to 73.9 points in Italy. In both cases, new orders remained well below the numbers recorded for 2021, considered as a base year. During the first quarter, order backlog reached 4 months of assured production.

Complex geo-political framework influence purchasing decision   Image Source: Biancalani
Complex geo-political framework influences purchasing decision Image Source: Biancalani

“Complex geo-political framework influences purchasing decision”

ACIMIT president Marco Salvadè commented on the data: “The orders intake for the period from January to March 2024 confirms an overall sense of caution on foreign markets in planning new investments. The global geo-political framework remains complex, and these uncertainties are reflected in the buying decisions of many textile manufacturers. Therefore, our primary markets, which include China, Türkiye and India, have failed to record any clear signs of growth in demand.”

On the contrary, domestic orders appear to be slightly on the rise. Salvadè stated that following a sharp decline in 2023, new orders from the beginning of the current year have recovered partially, noting: “However, I don’t believe conditions are yet right for a clear inversion of this trend. Here in Italy as well, many investments remain on hold, awaiting the implementation of Transition 5.0 plan. Subsequently, we’ll be in a position see whether the domestic market will react positively to the adoption of these new measures.”

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