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Italy'S Textile And Garment Industry Has Suffered The Biggest Predicament In 20 Years.

2010/11/18 9:27:00 40

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In 2009, like other industries, export-oriented

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The textile and garment industry has been hit hard by the financial crisis.

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They all fell 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 forecast data of Italy Textile Fashion Industry Federation, in 2009, Italy

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The clothing industry achieved sales revenue of about 45 billion euros, down 16% from the previous year, 482 thousand people, 26 thousand people, 22 billion 200 million euros, 20%, 15 billion 800 million euros, 11%, and 6 billion 400 million euros.

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.

Since the beginning of this year, with the demand of European and American markets warming, 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.