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Asian textile machinery import rise

07 Sep 10 , Reed Tradex

Germany’s VDMA Textile Machinery Association predicts an increase in sales volume of 30 to 35 percent compared to 2009. In the last quarter of 2009 they reached a volume of 555 million Euros. In January and February 2010 already, textile machinery worth 533 million Euros have been exported so that – even with a conservative estimate – a clear increase of the exports has to be expected for the overall first quarter.

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55 percent of the overall exports in 2009 representing 1.8 billion Euros went to Asia. The two big volume markets alone, China and India, imported German textile machinery and accessories of roundabout 628 and 161 million Euros respectively.

In January and February 2010, the exports to China rose by 37 percent to 83 million Euros compared to the same period the year before. Besides China also the exports to other Asian countries showed a clear stimulation of the market: Iran 6.8 million Euros (+50 %), Thailand 4.1 million (+42 %), Vietnam 1.7 million (+35 %), Bangladesh 2.7 million Euros (+8 %).

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Asian textile machinery import rise

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