According to statistics of the National Bureau of Statistics of China, during January to September, Chinese textile machinery exports reached US$1.65 billion, a 33.04% year-on year growth. Knitting machinery sector stayed the largest sector in terms of textile machinery exports. The sector´s exports hit US$0.48 billion, up by 35.95% year on year, with growth rate falling by 12.15 percentage points compared with the first six months, making up 29.06% of the total textile machinery exports. It was followed by auxiliary equipment and parts, dyeing, finishing and post-treatment machinery, spinning machinery, chemical fiber machinery, weaving machinery, nonwoven fabric machinery and weaving preparation machinery.

During this period, China exported textile machinery to 165 countries. The top five destinations in terms of export volume were India, Japan, Bangladesh, Indonesia and Pakistan, which accounted for 50.16% of the total exports together

Besides, the bureau´s statistics on 676 textile machinery producers revealed that during January to September of this year, the Chinese textile machinery industry´s total production output was valued at RMB77.49 billion (approximately US$12.26 billion), up by 28.48% year on year, while its sales volume hit RMB75.23 billion (approximately US$11.9 billion), up by 28.29% year on year.

On the other hand, the industry´s rate of products sold was 97.08%, while the industry generated sales revenues of RMB76.21 billion (approximately US$12.06 billion), up by 28.36% compared with the same period of last year. Besides, its sales revenues per capita was RMB575,100 (approximately US$90,995

Analysis points out that the remarkable sales volume of the country´s textile machinery industry was mainly due to textile enterprises´ intensified efforts in adjusting its product structure and the elevating labor costs, which have stimulated the demand for upgrading and replacing textile machinery for automated, continuous, high speed, intelligent and high-capacity production. In addition, in 2010, the demand for textile machinery exceeded its supply, which made some orders carry forward to this year. However, in the second half year, in particular after October, textile machinery enterprises received apparently less new orders.

Source: ctei