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Italian textile machinery demand grows in 2nd Q 21

Italian textile machinery demand is witnessing a sharp rise in the second quarter of 2021. The Association of Italian textile machinery manufacturers (ACIMIT) said, the Italian textile machinery index of orders intake was up 214% in April-June 2021 period compared to the same period in 2020.

Italian-textile-machinery-index

The value of the index was 150.7 points (basis: 2015 = 100), an outcome that was inclined by the comparison with a quarter from April-June 2020 – orders were at the lowest, due to the COVID-19 pandemic.

ACIMIT stated that the index of orders intake for the first six months of 2021 shows a confident business dynamic for Italian manufacturers. A total growth rate of 122% compared to the first half of 2020 covered both domestic and export markets.

Alessandro Zucchi, President of ACIMIT said, “The data are certainly positive, bearing witness to a renewed climate of confidence. In addition to a physiological rebound following the collapse in 2020, the boost generated by 4.0 incentives is being felt on the domestic market. The push towards digitalisation in the business sector.”

Italian-textile-machinery-export
Figure: In the first six months of 2021 Italian textile machinery exports increased by 46% compared to the same period in 2020.

“Is being perceived as creating a competitive edge for the entire textile industry, especially here in Italy,” added Zucchi.

the ACIMIT president added, “Despite these encouraging signals, a sense of uncertainty nonetheless persists on this recovery’s actual solidity. There is no lack of obstacles facing our machinery producers during this phase.”

“The sharp rise in the price of raw materials does not seem to be stopping, to which we can add the limited availability of components, making it difficult for our manufacturers to fulfil the many orders they’ve received. Finally, the limitations imposed on the business travels of our staff persist, above all qualified assembly technicians,” he continued.

ACIMIT said that these are all issues that affect the sector’s order forecasts for the third quarter of 2021. To this end, ACIMIT’s survey has revealed substantial stability compared to the previous three months for domestic orders (as expressed by 59% of companies), and a general caution also abroad, where forecasts of stable or decreasing orders make up 74% of the answers given by Italian companies in the sector.

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