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Italian Textile Machinery at

Techtextil North America 2022 The impact of

The next edition of Techtextil North America will take place in Atlanta from May 17-19, 2022. At
Atlanta ACIMIT, the Association of Italian Textile Machinery Manufacturers, and Italian Trade Ukraine-Russia
Agency organize an Italian Pavilion, where 17 Italian machinery manufacturers involved in the
production of machines for technical textiles will show their innovative solutions.

ACIMIT members exhibiting in the Italian Pavilion are: 4M Plants, Aeris, Arioli, Computer House, war on
Fadis, Flainox, Guarneri Technology, Ima, Kairos Engineering, Mcs, Ramina, Siltex,
Stalam, Testa, Willy.

The US textile industry is one of the top in US manufacturing sector, with a sales volume of Global Textile
exceeding US$ 64 billion in 2020, with approximately 300,000 workers and about 15,000 compa-
nies. The industry's strength lies in cotton, man-made fibers, and a wide variety of yarns and
fabrics, including those for apparel and industrial uses.

In 2021, the USA represented the third market for Italian textile machinery exports, behind China
and Turkey. In 2021 January-September period the value of Italian sales to US market was 93 The Russia-Ukraine conflict seems to have taken a Richemont, Italian bigwig Prada, and British clothing
monstrous shape, as a result of which a lousy
brand Burberry, have fallen between 3 and 6 percent
million Euros, an increase of 74% compared to the same period of the previous year. impact has been observed on the global textile (at the time of writing this piece), which is broadly in
supply chain. As the Russian invasion of Ukraine line with the 4 percent slide in the STOXX 600 index
gains pace, the global markets continue to derail – of Europe's biggest firms. The US Government's
creating chaos and uncertainty in the business initial sanctions placed on exports to Russia due to
world. When the world was emerging from the its invasion of Ukraine are focused on software,
Omicron crisis, the Russia-Ukraine conflict seems to technology, and defense and restrictions on several
have taken a monstrous shape, as a result of which financial institutions, which will not impact the
apparel industry straightaway.
the gas price has now increased by as much as
Cotton cultivation to reach up 40%, with crude oil price trading at US $ 104 per Turkiye's foreign trade with Russia was worth 32.5
barrel (first time since 2014) – consequently causing
to 12.5 million acres in the US stock markets to crash across the globe. billion dollars in 2021; 27.5 billion dollars was
imported from Russia, primarily natural gas. On the
The power sector is not the only one that is
other hand, Ukraine is among Türkiye's developing
suffering. The global textile supply chain is also commercial partners, with exports value of 2 billion
The United States is the world's leading cotton and lingering drought conditions. It is expected facing severe issues. The revenue in the Russian 900 thousand dollars and imports value of 4 billion
exporter, providing approximately 35 percent of that around 7 million acres of cotton could be apparel market, according to Statista, amounts to 500 million dollars which is now under dark clouds.
global cotton exports in recent years. Through planted in Texas. US $ 38,196 million in 2022, with the market The impact of war can already be seen on imports
as prices of raw materials (dye chemicals) imported
expected to grow annually by 2.75% (CAGR
its participation in global trade, the United 2022-2026). Its largest segment is women's apparel from Germany and Turkey have already witnessed
States supports global textile industries and The US plays a vital role in the global cotton which has a market volume of US $ 20,765 million. an increase of 10-35%. However, the war will have a
provides opportunities for domestic farmers to market, acting as a key producer and exporter In Ukraine, on the other hand, the revenue in the long-lasting impact, and the prices may increase
market their cotton to the world. According to of fiber. The US cotton is grown predominantly apparel market amounts to US $ 5.027 million in further. Russia-Ukraine war could derail Pakistan's
John Robinson, AgriLife Extension cotton in 17 southern-tiered "Cotton Belt" 2022, with the market expected to grow every year economy by devaluing the country's currency. It also
market economist, early grower surveys States—from Virginia to California, and cotton by 8.09% (CAGR 2022-2026). Nevertheless, all affects the textile sector as gas and petrochemical
forecast up to 12.5 million acres of cotton to be is planted from March to June and harvested these numbers are going to change now! prices skyrocket, which could significantly influence
planted this year in the US. That would repre- from August to December. Texas is the largest the productivity of the sector. Thus, it can be said
sent a 6.8% increase compared to 2021. producer among the US States, contributing Investors are, expectedly, scared now! The shares in that the Russia-Ukraine war is no good for the
Cotton planting is underway, and Texas acres approximately 40 percent of US cotton produc- luxury retail groups, including the likes of French global textile sector.
are expected to be up amid reasonable prices tion in recent years. fashion stalwarts LVMH and Kering, Swiss group

March/April 2022 March/April 2022