Japanese Technical Textiles benefit from domestic reconstruction efforts
Japanese Technical Textiles improved 3.1 % in 2011 and already in 2010 by 18.7 % according to the latest issue No. 88 of Technical Textile Market from Textiles Intelligence (GB)
It is noteworthy that the growth rate in 2010 represented rather a correction of the plunge of 2009 by 22.0 % during the economic crisis. Already the eight years before showed an average decline of 5.2 % annually.
The rise in 2011 resulted from the increased demand for materials for domestic reconstruction from the disasters Japan had to face in March 2011. These Technical Textiles are suitable for use in construction and civil engineering. The cited report concludes that the rise in demand is unlikely to be sustainable over the medium to long term since Japanese companies are facing growing competition from low cost producers of basic items originating from China. Further restructuring will occur in the industry as companies continue to relocate their operations to low cost countries and this will be enhanced as Chinese vehicle and automotive component production rises rapidly. Textile Future adds that actually the sales of new cars in China are decreasing whereas the export of such vehicles increases. The Japanese Technical Textiles manufacturers will try to defend at least the value of the production and to bring high performance industrial textiles to the market, nevertheless the overall trend for the segment of the Japanese industry will tend to decrease.