Export growth of textile machinery exceeds expectations Asian markets still have space

Driven by the recovery in international market demand and the increase in domestic demand, the current foreign trade of textile machinery has basically recovered to the level before the financial crisis. The trade balance has gradually narrowed, and the recovery rate of imports and exports has exceeded expectations.

From January to August 2010, total import and export of textile machinery reached US$3.726 billion, a year-on-year increase of 56.84%. Among them, US$ 1.084 billion was exported, a year-on-year increase of 43.35%, an increase of 75.76 percentage points over the same period of the previous year; imports were US$ 2.642 billion, an increase of 63.13% over the same period of last year, an increase of 108.08 percentage points over the same period of last year. Affected by the rebound of the domestic market over the international market, the rebound in import demand was faster than that of exports. The increase in imports was 19.78 percentage points higher than the increase in exports.

Despite this, the foundation of the global economic recovery is still relatively fragile, signs of slower recovery are evident, overseas stock-repairing activities have basically ended, and the pace of economic growth has slowed, and the adjustment of export tax rebates and exchange rate policies has been accelerated. Increased efforts, increased labor costs, rising costs of raw materials, and other factors that affect the development of foreign trade, and the gradual emergence of the effects of the base effect, the import and export situation may decline.

Domestic demand is strong The high-end equipment imports are mainly in the first three quarters of this year. China's textile industry is in a good state of operation and continues to be in a booming economy since the financial crisis. The production of the textile industry accelerated and the investment in fixed assets continued to grow, which also led to the prosperity of the textile machinery market. In the direction of adjustment and upgrading, the Chinese textile industry shows great demand for textile machinery equipment, especially high-end equipment.

In recent years, the Chinese textile industry has been committed to the adjustment and upgrading of the industrial structure. The momentum of the expansion of production scale has gradually slowed down, and the demand for upgrading has significantly increased. The huge impact of the global financial crisis has made such adjustments and upgrades more urgent. Increasing domestic labor costs also force companies to increase labor productivity and reduce employment through new technologies and new equipment. The ownership rate of advanced equipment in the industry has continued to increase, with automatic doffing long trucks, blowing-carding, automatic winders, and shuttleless looms all having varying degrees of growth. Since 2010, with the gradual recovery of the industry, investment has rebounded sharply, and imports of automatic winders, shuttleless looms and other equipment have seen rapid growth.

In January-August 2010, the main countries and regions for textile machinery imports were mainly Japan, Germany, Italy, Taiwan Province, and Belgium. The top five import countries had a total trade volume of 2.219 billion U.S. dollars, an increase of 65.50% year-on-year. It accounted for 83.99% of the total imports, of which Japan's exports to China textile machinery ranked first, at US$824 million, an increase of 76.18% year-on-year.

Affected by the financial crisis, textile machinery imported from Japan declined significantly in 2009, and orders accepted by some companies were reduced to zero. However, with the enthusiasm for the recovery of textile equipment investment, Japanese textile machinery exports to China have seen strong growth. In particular, imports of chemical fiber winders and false twisters have grown rapidly. As large Chinese companies started mass production of polyester and nylon fibers, TMT Machinery, the world-famous manufacturer of these two types of machinery, has already received a lot of orders and it must be fully loaded by 2011. The large increase in synthetic fiber production has also led to an increase in the demand for water-jet looms. Japan's Tsuda Co., Ltd. said that exports to China's water-jet looms began to recover. The export of Vortex, a vortex spinning yarn by Murata Machinery Co., Ltd., has also experienced a sharp increase in exports to China. The company's automatic winder has also shown a tendency to increase its exports to China. Exports of high-end equipment such as air-jet looms from Toyota Automatic Weaving Machinery Co., Ltd. have also rapidly recovered.

From the product category point of view, from January to August this year, the amount of knitting machinery imports still ranks first, accounting for 26.92% of total imports, but the proportion fell by 12.06 percentage points year-on-year. In recent years, the knitting industry in China has developed rapidly. The demand for equipment, especially for advanced equipment, is increasing. Domestic knitted machinery has always been a weak link in China's textile machinery. Due to certain types of knitted machinery products in China, it can not fully meet the needs of market changes, resulting in long-term imports of knitted machinery among the forefront of various textile machinery imports. With the improvement of the technical level and quality of domestic knitting machinery, the proportion of knitted machinery imports will also decline.

The development momentum is good ASEAN markets have a lot of space Since this year, the Asian textile industry has seen a full recovery, reviving the prosperity scene, and the demand for textile machinery has also picked up. Under a good market situation, textile machinery exports from January to August reached 1.084 billion U.S. dollars, a year-on-year increase of 43.35%. Some forecasts indicate that the development momentum of the Asian textile machinery market in the next three years will be optimistic. Some industries even predict that they will be optimistic before the end of 2013, and there will be more room for the Asian market in the future.

Judging from the countries and regions where China's textile machinery is exported, India, Bangladesh, Japan, Pakistan, and Indonesia rank among the top five. From January to August of this year, the export value of these five countries accounted for 46.91% of the total export value. It can be seen that Except for India's negative growth year-on-year, the growth rates of the other four countries are all higher than the overall growth rate. They are the major countries and regions in China's textile machinery exports. From January to August this year, the total value of exports to India was 215 million U.S. dollars, a year-on-year decrease of 17.93%, accounting for 19.86% of total exports. In terms of product categories, except for the significant year-on-year decrease in knitting machinery, the increase in other equipment was far higher than the overall growth rate of exports to India, while the export of chemical fiber machinery to India was a sudden rise, an increase of 299.55% compared to the same period of last year, indicating that China's chemical fiber Machinery has strong competitiveness in the Indian market.

China's fastest-growing textile machinery export countries are Pakistan and Indonesia, with 117.28% and 102.13%, respectively. In order to revive the textile industry, the Pakistani government has formulated a number of policies and measures to attract domestic and foreign investors to invest in textiles, textile machinery, dyes, chemical fiber and other supporting industries, and to encourage the renewal of technology and equipment. With a series of policy support, investment in textile machinery equipment in Pakistan has increased. Similar to Pakistan, in order to encourage textile companies to renew old machines, Indonesia has also launched a textile enterprise machine rectification program. Companies can apply for machine renewal subsidies and promote the growth of investment in textile machinery equipment, which also benefits Chinese textile machinery exports.

It is worth noting that with the continuous expansion of the ASEAN textile machinery market, particularly the demand for textile machinery with high technological content, high speed and high efficiency, and stable quality of processed products, ASEAN has become the most active area in the world textile machinery market. one. In recent years, many textile machinery companies have rapidly increased their exports to ASEAN countries such as Singapore, Indonesia, Vietnam, Thailand, and Malaysia. Some companies also set up overseas offices. In the future, the huge apparel demand, relatively low labor resources, and diversified product requirements in the ASEAN region will bring enormous space for the Chinese textile machinery industry to export products, joint ventures and even investment and factory operations. Since January 1, 2010, China has signed free trade agreements with ten ASEAN nations and established free trade zones. This has also created favorable conditions for China's textile machinery exports.