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15th April 2009, Dublin

China textile machinery manufacturing grows but profits low

 

China's textile machinery market has been growing rapidly in recent years, and the gross industrial output value of textile machinery manufacturing in China reached RMB72.64bn in 2008, up by 4.9% year-on-year, according to a recent report. Research and Markets has announced the addition of the "2008-2009 Report on China's Textile Machinery Market" report to their offering.

Although the total profitability of the sector continues to rise rapidly in Chinas manufacturing of textile machinery, the profit margin is low, the report says. The gross industrial output value of textile machinery manufacturing sector in China reached RMB72.64bn in 2008, up by 4.9% year-on-year, and the gross profit was RMB4.07bn, up by 9.6%. But although the profit of the sector increased a generous RMB356m from a year ago, the profit margin was only 5.6%, far lower than average profit margin of the manufacturing in China as a whole.

According to the report, China has become the largest producer of textile machinery in the world, delivering the most diversified and the largest quantity of products, while its imports have also been increasing at a high speed in recent years. Specifically, the import of circular knitting machines, hosiery machines, air-jet looms, shuttleless looms, and cotton processing machinery have all increased, the report says. According to the report, this means that China’s demand is still strong for textile machinery and the focus of global textile production will shift to inland China and also to other parts of South Eastern Asia, and China will be the largest potential consumer of textile machinery in the world.

Knitting machinery accounts for largest market share

Knitting machinery accounts for 34.7% of Chinas textile machinery market, the largest in 2008, while spinning machinery was the second, 25.4%; dyeing equipment the third, 21.2%; chemical fibre machinery 8.9%; and others including parts 9.8%.

Key Topics Covered:

  • Chapter One: Overview of the Global Textile Machinery Market, 2008
  • Chapter Two: Overview of Chinas Textile Machinery Market, 2008
  • Chapter Three: Competitions in Chinas Textile Machinery Market, 2008
  • Chapter Four: Demand for Textile Machinery in China
  • Chapter Five: Forecast for Chinas Textile Machinery Market, 2009-2011
  • Chapter Six: Trend in Chinas Textile Machinery Market

Companies Mentioned:

  • Qingdao Textile Machinery Co. Ltd.
  • Shaoyang Textile Machinery Co. Ltd.
  • Beijing Chonglee Machinery Engineering Co.Ltd.
  • Shanxi Jingwei Heli Machinery Manufacturing Co.Ltd.
  • Changshu Textile Machinery Works Co.Ltd.

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