There Is Still Room For Space In The Asian Market.

Strong rebound in demand for high-end equipment imports

With the global economic recovery and the further emergence of China's economic stimulus policy, the textile industry took the lead in getting out of the shadow of the financial crisis from the fourth quarter of 2009 to the first half of 2010.

Textile industry accelerated recovery and fixed asset investment continued to grow, which also contributed to the prosperity of the textile machinery market.

In the direction of adjustment and upgrading, China's textile industry shows great potential for textile machinery equipment, especially high-end equipment.

In recent years, China's textile industry has been committed to the adjustment and upgrading of the industrial structure, and the momentum of the expansion of production scale has gradually slowed down, and the demand for renovation and upgrading has increased significantly.

The huge impact of the global financial crisis has made this adjustment and upgrading more urgent.

The rising labor costs in China also force enterprises to increase labour productivity and reduce employment through new technologies and equipment.

Despite the impact of the financial crisis, the total investment in China's cotton textile industry continued to grow in 2009, and the advanced equipment ownership rate continued to increase. The automatic doffing long cars, blowing carding units, automatic winding machines and shuttleless looms increased to varying degrees.

Since the beginning of 2010, with the gradual recovery of the industry and the sharp rise in investment, imports of automatic winding machines and shuttleless looms have increased rapidly.

Statistics in the first quarter of 2010 showed that China's imported automatic winder increased by 263.5% over the same period, while the imported rotor spinning machine increased by 263.5% compared to the same period last year. The imported air-jet spinning machine increased by 248.87% compared to the same period last year, and imported shuttleless looms increased by 318.78% over the same period last year.

Despite the low base in 2009, these data indicate that the demand for high-end equipment in China's textile enterprises is growing.

From the product category, the import amount of knitting machinery remained the first place in 1~5 months in 2010, accounting for 26.78% of the total imports, while loom imports grew the fastest, reaching 299.21%.

In recent years, China's knitting industry has developed rapidly, and the demand for equipment, especially the demand for advanced equipment, is increasing.

The domestic knitting machinery has always been a weak link in China's textile machinery. Because some domestic knitting machinery products can not fully meet the needs of market changes, the import of knitting machinery has long been the forefront of various textile machinery imports.

The rapid growth of loom imports is due to a large increase in demand for shuttleless looms. However, the reliability of domestic shuttleless looms is quite different from that of advanced foreign equipment, resulting in a sharp increase in imports.

Asia is the center of the global textile machinery market. India, Vietnam, Bangladesh, Pakistan and other countries have always been the main market of China's textile machinery manufacturing industry overseas.

Since 2010, the textile industry in Asia has been fully recovered, and textile machinery demand has warmed up, and China's textile machinery exports have also picked up.

It is predicted that the development trend of the Asian textile machinery market in the next three years will be optimistic. Some industries even predict that they will be optimistic before the end of 2013, and there will be broad space for the future Asian market.

Textile machinery products in China should further expand their foreign market share and further enhance their competitiveness.

India and Bangladesh, Japan, Pakistan and Indonesia ranked the top 5 from the countries and regions of China's textile machinery exports. The amount of exports to the countries and regions in 1~5 months in 2010 accounted for 45.73% of the total export volume.

Among them, the export volume to India still ranked first, accounting for 19.33% of the total export volume, but fell by 24.51% compared with the same period last year, the largest increase in Pakistan exports, an increase of 136.53% over the same period last year.

According to professional analysis, unlike Pakistan, Vietnam, Bangladesh and other countries, India has its own textile machinery manufacturing capability, especially spinning machinery, which has strong self-sufficiency in both product quality and quantity.

The textile industry in India is mainly cotton spinning. In the past few years, the demand for cotton spinning equipment has reached 4 million to 5 million spindles every year. The demand for cotton spinning equipment has been maintained at the level of about 2000000 spindles. Therefore, the import demand of cotton spinning equipment has been reduced. The textile industry in India has been developing rapidly.

With the growing maturity of the cotton spinning industry, the textile industry in India has begun to develop in the direction of deep processing, and weaving, dyeing and printing equipment has begun to release new demand space.

However, in recent years, foreign textile machinery enterprises have gradually increased their investment in the India market. China's textile, printing and dyeing equipment is not competitive enough in the India market.

In addition, in 2009, when export situation was not good, China's exports to India's textile machinery still increased by 30.12%, and the relative base was relatively high, so there was a year-on-year decline in 2010.

Affected by the financial crisis and the turmoil in Pakistan's domestic political and economic situation, Pakistan's textile industry once plunged into crisis and stagnated.

In order to revive the textile industry, the Palestinian government promulgated the first "five year textile industry policy" in August 2009, established the development plan and objectives for the next 5 years, and formulated corresponding policies and measures.

Among them, including attracting domestic and foreign investors to invest in textile industry and textile machinery, dyestuff, chemical fiber and other supporting industries, encouraging technology and equipment upgrading, and speeding up industrial upgrading.

To encourage investment and equipment renewal, the federal tax office of Pakistan has exempted import tariffs on a wide variety of textile machinery.

Under the support of a series of policies, Pakistan textile machinery imports increased to US $297 million in the 2009~2010 fiscal year, an increase of 40.75% over the same period last year.

This has also led to a substantial increase in China's textile machinery exports to Pakistan.

Although the import and export of textile machinery has recovered better than expected, the relevant people believe that the textile industry in Asia is mostly export-oriented and basically faces the European and American markets, and the economic recovery in the United States and the European Union is slow. In recent years, sovereign debt crisis has occurred in some European countries, which makes many uncertain factors in the future whole ball textile market, and the foundation for recovery is not stable.

In addition, influenced by the rise of international trade protectionism and the pressure of RMB appreciation, the import and export situation of textile machinery in the second half of 2010 may be down, and the trend may be high before and after the whole year.