Page 71 - TEXtalks November/December 2021

70 market amounted to a value of Euro 150 million. technological aspects. Italian textile machinery 71
An overview of Italian China was followed by Turkey, the United States of companies are placed in areas of ancient textile October (2020-21), showing a growth of 42.44%, the pandemic, suffered a record GDP fall of 9.6% in
2020, the biggest since World War II. Consequently,
according to the State Bank of Pakistan (SBP).
tradition. Exchange of experience with end-users
America, and Pakistan. The supply of Italian
Italian imports from non-EU countries declined 14%.
Meanwhile, on a year-on-year basis, the exports to
offers a solid impetus to the constant technological
manufacturers covers all the classic sectors into
Italy increased by 20.51% by going up from $62.312
However, Pakistan stood with Italy and continued its
upgrading of machinery. Textile clusters are located in
which we can divide textile machines. Italian sales
bilateral trade. Despite these challenging conditions,
million during October 2020 against the exports of
textile machinery exports abroad are divided among these main sectors: 30% Northern and Central Italy: Bergamo, Brescia, Biella, $75.095 million in October 2021. On a Pakistan has not only recovered from the
Como, Milan, Prato, Vicenza.
dyeing, finishing, and printing machines, 24%
month-on-month basis, the export to Italy, however,
pandemic-led export challenges but has registered
accessories, 20% spinning machines, 11% knitting
witnessed a decline of 18.85% in October 2021
an impressive growth of 9.1% in FY 2020-21.
Pakistan is among the most relevant market for textile
machines, 8% weaving machines, and 7% other
compared to the exports of $92.549 million in
Following Brexit, Italy is now home to the largest
machinery. In 2020 the value of Italian exports to the
machines.
Pakistani diaspora in the EU. In FY 2020-21, workers'
September 2021. Overall, Pakistan's exports to other
Pakistani market was 69 million Euros, while in the
remittances from Italy reached $601 million, which
countries witnessed an increase of 32.21% during
Italian Review Textile machine exports to Pakistan reached 52 million Euro Turkey main Countries (January-June 2021) 150 (+100%) first six months of 2021, the value reached 52 million Italian Review the period under review, from $7.322 billion to $9.681 marks a 66% increase over the last year, and is an
Italian textile machinery exports to
Euros. The most requested Italian machines were the
billion,
all-time figure, making Italy Pakistan's most
finishing ones (36% of the total export towards
Million Euro
significant source of remittances in the EU and the
from January to June 2021 From July-October (2021-22),
Pakistan), followed by spinning machines (34%) and
7th largest in the world.
Italy, the first country in Europe to be severely hit by
China
knitting machines (13%).
Pakistan's exports to Italy reached $327.871 million
119 (+30%)
62 (+79%)
USA
Italian textile machinery exports to
Pakistan by categories (Jan-June 2021)
Pakistan
52 (+45%)
Italian Textile Machinery Sector (Million Euro). Source: ACIMIT
India
46 (+50%)
11%
2021/20 Bangladesh 38 (+40%) Accessories Spinning
2018 2019 2020 2021* change Germany 37 (+62%) machinery
34%
Production (a) 2537 2266 1759 2223 26% Honduras 26 (+494%)
Exports (b) 2108 1865 1468 1865 27% Hungary 25 (n.s.)
Domestic sales (a-b) 429 401 291 358 23% France 25 (+67%) Source: ACIMIT
Imports (c) 513 478 391 474 21%
Domestic Consumption (a-b+c) 942 879 682 832 22% Weaving
Finishing
machinery machinery
6%
Breakdown of Italian exports
The Italian textile machinery industry has always been Italian textile machinery exports - by categories (Jan-June 2021) 36% Knitting
one of the leading global textile machinery market Geographical destination (Jan-June 2021) % on total Spinning machinery
% on total
players. The Association of Italian Textile Machinery Accessories machinery Source: ACIMIT 13%
Manufacturers (ACIMIT) promotes exports of Italian 42% 24% 20%
textile machinery worldwide. ACIMIT gives any Pakistan and Italy have been trading partners for
information on the activity of the producers and 18% machinery several decades. Pakistan not only imports from Italy,
Weaving
organizes a wide range of promotional activities Other 8% but the country also exports various items. In 2019,
(such as exhibitions, technical seminars, missions in machinery Pakistan exported $838M to Italy. The main products
7%
Italy and abroad) most of the time in collaboration 18% Knitting exported from Pakistan to Italy were House Linens
with ICE (Italian Trade Commission). Finishing machinery ($139M), Light Pure Woven Cotton ($78.4M), and
11%
20% machinery Non-Knit men's suits ($68.1M). During the last 24
30%
In Italy, there are approximately 300 companies that Source: ACIMIT years, the exports of Pakistan to Italy have increased
produce textile machines and related accessories, Source: ACIMIT 9% at an annualized rate of 4.98%, from $261M in 1995
with about 12,900 employees. In 2020 the value of to $838M in 2019.
Italian production was Euro 1.8 billion, with exports Italian companies involved in the textile sector are
worth Euro 1.5 billion. The exports of textile machines 3% small companies deeply committed to R&D activities, According to the United Nations COMTRADE
represent 83% of total sales/exports of the country, looking for close cooperation with end-users to database on international trade, Pakistan's exports to
realized in about 130 destination Countries. This In the first half of 2021, the leading destination of create new opportunities, machines, systems, and Italy were $718.63M during 2020. In 2020, Pakistan's
internationalization process, together with the Italian exports of textile machines was Asia (42%), technologies. The ability to understand the needs of exports to Italy included textile articles worth
vocation for innovation in the sector, allowed Italian followed by Europe extra EU (18%) and European potential customers enables Italian companies to turn $160.77M, cotton worth $139.50M, man-made staple
companies to consolidate and further improve the Union (20%). An immense contribution to the Italian them quickly into dedicated machines and devices, fibers worth $23.44M, and knitted articles worth
leading position held by the Italian textile machinery textile machinery exports came from China. In which give rise to new high value-added market $59.80M. The overall exports to Italy were recorded at
industry all over the world. Jan-June 2021, Italian sales toward the Chinese niches (such as the technical textiles) in the world $327.871 million during July-October (2021-22)
textile market, both as regards economic and against exports of $230.179 million during July-
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