Shima Seiki
Knitting Industry

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Industry Talk

Italian textile machinery orders rise in Q1

Result was due to the positive performance of exports as well as from orders received from the Italian market.

4th May 2021

Knitting Industry
 |  Milan

Knitted Outerwear, Technical Textiles

The index of order intake for textile machinery compiled by the Association of Italian Textile Machinery Manufacturers (ACIMIT), during the period January-March 2021 was up by 66% compared to the same period for 2020. The value of the index was confirmed at 129.3 points (basis: 2015 = 100).

The result was due to the positive performance of exports as well as from orders received from the Italian market, the association said. A 68% increase was recorded in export markets, with the absolute value of the index reaching 125.5 points. On the domestic side, the upward trend in orders was more contained, but still significant with an increase of 54% compared to the first quarter of 2020, with an absolute value of the index at 164.1 points.

Commenting on the results, ACIMIT President Alessandro Zucchi, said: "This significant increase in orders should be compared with the first quarter 2020 results, the period in which the pandemic began, and production almost completely stopped."

"Still, these numbers are certainly encouraging,” added Zucchi. “Even though the pandemic is still not under control, especially in countries that are essential markets for our industry, such as India. Investments in the textile sector have thus seen a rather patchy recovery. Without a widespread vaccination plan on a global scale, our people remain limited in their movements, jeopardizing the possibility of seizing business opportunities in different markets.”

“A future recovery is also threatened by rising prices for raw materials,” states ACIMIT’s president. “A significant growth trend is currently under way, beginning from last summer and continuing to swell between late 2020 and early 2021. These price hikes are pushing up input costs and, in the absence of a price adjustment, the negative impacts for machinery manufacturers could be quite significant.”

www.acimit.it

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