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[Italian Textile Machinery: Orders still show a downward trend in the fourth quarter of 2020]
Release date:[2021/3/16] Read a total of[105]time

A few days ago, the Association of Italian Textile Machinery Manufacturers (ACIMIT) published the textile machinery order index for October-December 2020.

It is reported that the index is 90.0 (base 2015=100), a decrease of 5% from the same period last year. Unoptimistic market trends in Italy and abroad have also affected the performance of related orders. Foreign orders have fallen by 5%, while domestic orders have fallen by 6% compared to the same period last year.

Italy Textile Machinery Order Index in Constant Value (Base: 2015=100)

Compared with 2019, the total annual order index in 2020 has dropped by 26%, the foreign market order index of Italian textile machinery manufacturers has dropped by 25%, and the domestic market order index has dropped by 30%. This was mainly due to the sharp drop in orders in the first half of the year, and the restorative growth of orders in the third and fourth quarters did not fully restore it to the pre-epidemic level. Alessandro Zucchi, Chairman of ACIMIT, said: “Due to the impact of the new crown epidemic, strict travel bans and the cancellation of most trade fairs have severely affected business operations, the overall investment in the textile industry has slowed. At the same time, uncertainty will continue to have an impact this year. In the first half of 2021, there is no sign of recovery in the market."

At the same time, the International Textile Machinery Exhibition (ITMA 2023) is scheduled to be held in Milan. Following the successful holding in 2015, Milan will once again prepare for this important exhibition, and exhibitors will also showcase their latest innovations at the exhibition. Alessandro Zucchi said: "I am proud of our association and all Italian textile machinery manufacturers to be able to hold this exhibition in Italy. Although there is a long way to go, ITMA 2023 is the goal of the company's efforts. The Italian textile machinery industry The sign is to accelerate the process of continuous innovation."

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