Italian textile machinery orders on the rise towards end of 2013

Italian textile machinery orders on the rise towards end of 2013

In the fourth quarter of 2013 Italian textile machinery orders were up five percent and the absolute value settled at 88.5 points (reference year 2010 = 100) as the compilation of ACIMIT, the Association of Italian Textile Machinery Manufacturers, reports

On the other hand, domestic orders fell by 15 % to an absolute value of 49 points, mostly due to the critical economic and political situation in Italy. The index for exports showed a value of 95.3 % or a plus of 7 % over the previous quarter. On an annualised basis and due to the poor performance of the domestic market, the overall index declined by 4 % compared to the 2012 average. According to ACIMIT’s president Raffaella Carabelli “these are alarming figures, especially for our home market, where it appears that investments in the textile industry are at an absolute standstill. “

Export orders were gathered in phases. After a declining third quarter, sales picked up in the fourth quarter. In the first ten months of 2013 foreign trade data provided by ISTAT confirm a slight drop as against the same period of 2012. The strong EURO against many local currency had also affected orders and Raffaella Carabelli explains: “the Chinese market is also a case of concern, since it account for roughly 20 % of Italian sector exports, and their investments in textile machinery decreased 2013.”

In consideration of all of these facts, ICE Italian Trade Agency for the promotion of internationalisation of Italian businesses abroad and with ACIMIT, these two partners were initiating an intense promotional campaign for the textile machinery industry in 2014. In no less than 16 countries form part of these promotional efforts, meaning participation in industry trade fairs, technology symposiums and incoming missions. These initiatives include China and India, as well as nations and markets being less important in terms of machinery volumes, but where potential business opportunities are, such as Ethiopia, Mongolia and Uzbekistan. The share of Italian exports amounts to more than 80 % of the production. Carabelli underlines “I believe we need to recognise the efforts being made by the Ministry for Economic Development in providing funds for the promotion of new, indispensable resources, especially in markets where “Made in Italy” products, at least in the machinery field, still does not receive the recognition it deserves.”

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