Basic Situation Of Italy Textile Machinery And Garment Industry In 2009

According to the information provided by Italy Textile Machinery Manufacturers Association,

As domestic and foreign markets showed a general recovery trend, orders for textile machinery increased by 36% in the second half of 2009 compared with the same period in 2008. The new orders in the domestic market increased by 21% and the foreign market increased by 45%.

China is the main export market for textile machinery in Italy. According to statistics, exports to China amounted to 215 million euros in 1-11 months in 2009, accounting for 21% of the total export volume of Italy's industry.

The situation of Italy textile machinery in 2010 will be better than expected.

Especially from the emerging countries.

Textile and clothing

(1) operation

In 2009, like other industries, the export-oriented Italy textile and garment industry was hit hard by the financial crisis. Production and marketing and exports were all down in two figures, the liquidity of SMEs was tight, the number of unemployed workers increased and the number of unemployed workers increased, making it the most severe year in the past 20 years.

According to the estimated data of Italy Textile Fashion Industry Federation, in 2009, Italy textile and garment industry achieved sales revenue of about 45 billion euros, a decrease of 16% over the previous year, 482 thousand employment, a decrease of 26 thousand people, exports of 22 billion 200 million euros, a decrease of 20%, imports of 15 billion 800 million euros, a decrease of 11%, and a trade surplus of 6 billion 400 million euro, a decline of 37%.

(two) trade with China

According to the Italy Foreign Trade Commission data, in 2009, the export of Italy textile and garment industry to China was 368 million euros, down 5.8% from the same period last year, accounting for 1.65% of the total exports of Italy's textile and garment industry; imports from China amounted to 4 billion 187 million euros, down 3% from the same period last year, accounting for 26.3% of the total imports of textile and clothing products in Italy, ranking the first among the countries with the largest source of imports; the trade deficit with China was 3 billion 819 million euros, down 2.7% from the same period last year.

(three) trend in the first quarter of 2010

Since 2010, with the demand of European and American markets getting warmer, the operation of Italy's textile and garment industry has improved.

According to the sample survey conducted by Italy Textile Fashion Industry Federation, the output value of textile and garment industry basically remained stable in the first quarter, a decrease of 0.2% compared with the same period last year. Among them, the textile industry increased by 4.7%, the clothing industry dropped by 3.5%, exports dropped by 3.5%, and orders increased by 3.2%.

However, the association is not optimistic about the future trend of the industry. It believes that due to the instability of the global economic growth, the high price of raw materials, the speculation of the euro exchange rate and the lack of fundamental improvement in the credit crunch, the recovery of textile and garment industry will slow down ten points and return to the pre crisis level.