By guest author Henry Dsouza from Textile Excellence
Exports of textile machinery have witnessed a boost in the second quarter of FY 18-19. Exports totalled to USD 227.31 million in Q2 FY 18-19, delivering a growth of 11.10 % over the previous quarter and 26.61 % over CPLY (corresponding period of last year). Spinning, twisting and yarn preparation machinery accounts for a major portion of 41 % from the total textile machinery exports of India in Q2 with an export value of USD 92.36 million. In Q2 Vietnam is the top export market for India’s textile machinery, exports totalled to USD 17.41 million. Whereas in Q1 for this fiscal year, Vietnam was the fifth largest market and in Q2 of FY 17-18 was the eighth largest market for Indian textile machinery.
Commodity-wise exports from India
In Q2 FY 18-19, many commodities under the textile machinery segment have generated a good export value in the global market when compared to the previous quarters and CPLY. Spinning, twisting and yarn preparation machine, which is top exported commodity in Q2, has perceived a growth of 27.03 % over the previous quarter and 49.40 % over the CPLY with an export of USD 92.36 million in Q2 FY 18-19. Under spinning, twisting and yarn preparation machine exports, cotton spinning ring frames were exported the most from India with an export value of USD 53.39 million and perceiving a growth of 32.19 % over the previous quarters and 33.48 % in CPLY.
Cotton combing machine which is the second topmost export machinery has increased exports in Q2 by 250.54 % over the previous quarter and 119.39 % over CPLY totalling to USD 6.45 million.
Blowroom machines have witnessed a robust growth of 39.16 % in Q2 over the previous quarter with an export value of USD 3.66 million. Cotton carding machine and drawing/ roving machine exports fell in the second quarter this fiscal year. Other fibre textile spinning machine exports went up marginally, exports in this Q2 totalled to USD 0.31 million with growth of 63.16% over the previous quarter.
Printing machine exports fare well
Exports of printing machinery, including digital printing machines grew by 8.47% in Q2 FY 18-19, over the previous quarter and 34.39 % over the CPLY. Exports in this commodity totalled to USD 31.26 million. Under this commodity, offset printing machinery reel feed is the topmost commodity with value of USD 4.38 million in Q2 FY 18-19 and the growth declined by 20.36 % over the previous quarter. But compared to the CPLY, exports went up 253.23 %. Ink jet printer machine exports have surprisingly increased in Q2 by 268.25 % over the previous quarter and 1188.89 % over CPLY, to USD 2.32 million.
Auxiliary machine exports up
Auxiliary machinery used with other machine is the second highest commodity with respect to the export value in Q2 FY 18-19. This commodity’s export value totalled to USD 46.50 million with a growth of 9.45 % over the previous quarter and 24.80 % over CPLY and it stakes 20 % from the total textile machinery export in Q2 of this fiscal year. Under this category, parts and accessories of machine used for manmade textile material is the topmost commodity exported from India in the second quarters of this fiscal. The commodity totalled to USD 10.50 million with a growth of 14.63 % over the previous quarter and 47.06 % over the CPLY. Parts and accessories for other textile fibre processing machine also witnessed a positive growth of 44.91 % to USD 5.84 million in Q2 over the previous quarter and 40.83 % over CPLY.
Indian weaving loom exports fell
Weaving machine (looms) has witnessed a negative growth of 2.19 % to USD 8.95 in Q2 FY 18-19 over the previous fiscal. But over the CPLY the commodity has witnessed a positive growth of 18.39%. Knitting machine exports have gone down in the second quarter, the exports totalled to USD 0.41 million with negative growth of 30.51 % over the previous quarter and 55.91 % over CPLY. Machinery used for nonwoven sector has witnessed a slight rise in the exports by 50 % totalling to USD 0.09 million over the previous quarters and 80 % over CPLY.
Sewing machine exports slightly up
Sewing machine has also shown a slight increase in exports to USD 14.89 million in the Q2 FY 18-19 with growth of 6.05% over the previous quarter and 0.13% over CPLY. Under this category, needles used for sewing machines other than HH type were exported the most from India in the second quarter, with value totalled to USD 4.38 million in Q2. But the growth has declined both over the previous quarter and CPLY by 14.62% and 12.75% respectively. Hand operated sewing machine and other sewing machine have shown an improvement in Q2 with a growth of 30.86% and 40.11% over the previous quarters respectively.
Top Export Markets For India’s Textile Machinery Commodities
Vietnam is booming market for India’s textile machinery
Vietnam, which was the fifth largest export market of India’s textile machinery commodities in Q1 for this fiscal year has turned the tables in the Q2 making itself the top export market. Exports to Vietnam totalled to USD 17.41 million in Q2 with growth of 43.29% over the previous quarter and 154.16% over CPLY and stakes 8% share only from the total textile machinery exports of India.
Spinning, twisting and yarn preparation machines were the most exported commodity to Vietnam in the quarter with an export value of USD 13.85 million in Q2 FY 18-19 with a growth of 32% over the previous quarter and 189% over CPLY. Exports of printing machinery, including digital printing machines have remained the same in Q2 totalling to USD 0.28 million over the previous quarter, but increase of 180% over CPLY was witnessed where the exports were USD 0.10 million in Q2 FY 17-18.
Weaving machines (looms) have witnessed a good increase in its export value with growth of 1322% in Q2 over the previous quarter with export value of USD 1.28 million. Auxiliary machinery used with other machine is the second top commodity exported to Vietnam in the Q2, with an export value of USD 1.58 million and growth of 37% over the previous quarter and 72% over CPL
Vietnam is emerging as the clear leader in low-cost manufacturing and sourcing. Currently, labour costs in Vietnam are 50% of those in China and around 40% of those reported in Thailand and the Philippines. With the country’s workforce growing annually, Vietnamese workers are inexpensive, young, and, increasingly highly skilled. Many major brands have invested in the country and are outsourcing their manufacturing from Vietnam. With TPP and other preferential trade agreements in place, rules of origin come into play strongly in Vietnam, pushing up investments in its primary textile sector. Vietnam will become a much larger market in the coming months, as it becomes an important apparel supplier to the world markets.
Germany remains the second largest market
Germany remains the second largest market in the Q2 over the previous quarter of FY 18-19 and has witnessed a growth of 1.43 % to USD 16.36 million. Whereas over CPLY the exports growth declined by 2.27 %. Germany stakes 7 % share from the total exports of India’s textile machinery. Auxiliary machinery used with other machine is top commodity exported from India to the country. Exports of this commodity totalled to USD 6.07 million with a growth of 59.74 % in Q2 over the previous quarter and 62.30 % over CPLY. Parts of laundry type machine and machine for rolling, folding and cutting is second top commodity exported to the country and export of this commodity totalled to USD 4.14 million in Q2, but perceived a negative growth of 14.11 % over the previous quarter and 44.87 % over CPLY.
Turkey has moved one spot higher over the previous quarter
Turkey stands as the third largest export market of India’s textile machinery exports. Exports totalled to USD 13.97 million in Q2, a progressive growth of 4.64 % over the previous quarter and 161.61 % over CPLY. Spinning, twisting and yarn preparation machines were the most exported commodity to Turkey.
The country imported machinery worth USD 5.86 million from India in Q2 with growth of 67.06 % over the previous quarter and 402.05 % over CPLY. Printing machine including digital printing and auxiliary machine exports have witnessed a drop in Q2 FY 18-19 by 89.19 % and 27.73 % over the previous quarter. But if compared over CPLY printing machine exports to Turkey have gone by 300 %.
Bangladesh’s rank goes down by three positions
Bangladesh was the topmost export market for Indian textile machinery in the first quarter of this fiscal, but as the export to Bangladesh have dropped drastically over a quarter, the country now stands as the fourth largest export market. The country’s textile machinery imports from India totalled to USD 12.45 million in the second quarter while in the first quarter exports had totalled to USD 30.12 million. The growth has declined by -58.67 % over the previous quarter and 20.40 % over CPLY.
Except printing machine and auxiliary machine commodity, rest all commodities under the textile machinery sector have dropped significantly in Q2 over both the previous quarter and CPLY. Spinning, twisting and yarn preparation machines are the topmost commodity exported to Bangladesh with an export value of USD 10.22 million and growth of 31.32 % over the preceding quarter and 7.09 % over CPLY. Printing machine which registered an export value of USD 5.32 million in Q2 is the second topmost commodity exported to Bangladesh with a growth of 9.47% over the previous quarter and 130.30 % over CPLY.
Exports to Pakistan have significantly increased
Pakistan has jumped right from 12th position to now as the fifth largest export market for India’s textile machinery. Exports to Pakistan totalled to USD 12.20 million in Q2 with growth of 133.72 % over the previous quarter where the exports totalled to USD 5.22 million and the growth over the CPLY was only by 25.64 %. The rise in spinning, twisting and yarn preparation machine exports is the only reason to have Pakistan as the fifth largest market, with exports totalling to USD 9.76 million with a growth of 184.55 % in Q2 over the previous quarter and 26.75 % over CPLY
Demand from China has been sluggish over a quarter now
India’s textile machinery exports to China dropped by 12.76% in Q2 over the previous quarter, with the exports totalling to USD 10.39 million. But over CPLY, exports have witnessed a rise of 19.29 %. China stakes 5 % share from the total textile machinery export from India, and is its seventh largest market. Auxiliary machine was the most exported commodity to China from India in Q2. Exports of this commodity totalled to USD 3.73 million, but perceived a negative growth of 30.02 % over the previous quarter and 21.80 % over CPLY. The second top commodity exported is spinning, twisting and yarn preparation machines with an export value of USD 3.64 million in Q2, but this commodity too perceived a negative growth of 24.64 % over the previous quarter and 2.15 % over CPLY. Weaving machine (looms) have witnessed a slight growth of 50.43 % to USD 1.73 million in Q2 FY 18-19 over the previous quarter where the export value totalled to USD 1.15 million.
Newsletter of last week:
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Here is the Review of last week’s NEWS. For your convenience just click on the feature for fast access.
Agriculture
Complaint by the United States against China in the agri-business https://textile-future.com/?p=21068
Awards
Beaulieu Fibres International awarded prestigious FM Global “Highly Protected Risk” (HPR) status for production site in Wielsbeke https://textile-future.com/?p=20738
VF Corporation Named One of the World’s Most Ethical Companies by the Ethisphere Institute for Third Consecutive Year https://textile-future.com/?p=20738
DOMO Chemicals Earns Acclaim from Frost & Sullivan for Its Comprehensive Portfolio of Polyamides based upon Post-Industrial Feedstock https://textile-future.com/?p=20738
Brexit
70 % Brits say Brexit will & has not affected spending https://textile-future.com/?p=20585
Charity
Charity – Penguin with heart needs entrepreneurs with heart https://textile-future.com/?p=20890
Closures
Hudson’s Bay closing Canada’s Home Outfitters business https://textile-future.com/?p=20747
Collaboration
Airbus & Farsoon Technologies in Collaboration to develop High-Performance Polymers for Additive Manufacturing https://textile-future.com/?p=20625
Companies
BASF posts slight increase in 2018 sales and decline in earnings due mainly to lower contributions from Chemicals https://textile-future.com/archives/20879
Oerlikon – Sale of the Drive Systems Segment successfully closed https://textile-future.com/?p=21006
Gap to split into two Public Companies https://textile-future.com/?p=21062
Couture
Kunsthal Rotterdam presents first retrospective on French Creator Thierry Mugler: Couturissime https://textile-future.com/?p=20645
Data
Swiss GDP in the 4th quarter of 2018 shows a return to moderate growth https://textile-future.com/archives/20975
Events
Italy’s textile machinery presence at TECHTEXTIL RUSSIA 2019 https://textile-future.com/?p=21024
SHIMA SEIKI at KNITTECH 2019 https://textile-future.com/?p=20736
Late Paris shows results – Sessions with a real buzz and intense activity https://textile-future.com/?p=20855
Monforts at Techtextil 2019: Coating competence from a single source https://textile-future.com/?p=21015
Fashion
Nashville entrepreneur Sharon Reynolds launches Bryla J Couture Clothiers https://textile-future.com/?p=21009
Unlocking U.S. Gap’s Valuation Gap https://textile-future.com/archives/21062
Innovations
ITA shows its newly constructed induction heated glass fibre production line among other exhibits live at JEC World 2019 https://textile-future.com/archives/20676
Solid state batteries for tomorrow’s electric cars https://textile-future.com/?p=20717
Personalities
Two new top men appointed at Swiss SMS Schärer Schweiter Mettler https://textile-future.com/?p=20577
Chico’s FAS, Inc. announces appointment of Kim Roy to Board of Directors https://textile-future.com/?p=20577
Kornit Digital appoints Andy Yarrow as President of Asia Pacific https://textile-future.com/?p=20577
LEVI STRAUSS & CO. names Chief Strategy and AI Officer https://textile-future.com/?p=20577
Clarks appoints Giorgio Presca as new CEO https://textile-future.com/?p=20577
Baroness Karren Brady cuts ties with Sir Philip Green’s retail empire https://textile-future.com/?p=20577
Aurora Specialty Textiles Group expands operations, hires Erik Nees as Sales Account Manager https://textile-future.com/?p=20577
Poland
ONTEX opens new plant in Poland https://textile-future.com/?p=20782
New Products
Freudenberg to present a wide range of innovative products at Techtextil 2019 https://textile-future.com/?p=20633
2019 EUROPEAN COATINGS SHOW – WACKER presents New Product Line for Polymeric Binders Based on Renewable Raw Materials https://textile-future.com/?p=20657
Recycling
MPs propose penny tax in UK fashion to cut waste https://textile-future.com/?p=20574
Solar Car Racing
Cooperation between Team Sonnenwagen, Covestro and Sika https://textile-future.com/?p=20567
Sustainability
New lactam wastewater recovery plant at RadiciFil https://textile-future.com/?p=20743
Eastman maker of bio-based Naia to participate in global hub focused on smart fashion https://textile-future.com/?p=20873
Coats pioneers a sustainable future with targets for 2022 https://textile-future.com/?p=21021
Webinar
Euromonitor Webinar on demand – Luxury Goods: Global Trend Watch https://textile-future.com/?p=20622
Worth Reading Suominen’s Annual Report for 2018 publis