Page 73 - TEXtalks November/December 2021

72

market amounted to a value of Euro 150 million. technological aspects. Italian textile machinery October (2020-21), showing a growth of 42.44%, the pandemic, suffered a record GDP fall of 9.6% in
China was followed by Turkey, the United States of companies are placed in areas of ancient textile according to the State Bank of Pakistan (SBP). 2020, the biggest since World War II. Consequently,
America, and Pakistan. The supply of Italian tradition. Exchange of experience with end-users Meanwhile, on a year-on-year basis, the exports to Italian imports from non-EU countries declined 14%.
manufacturers covers all the classic sectors into offers a solid impetus to the constant technological Italy increased by 20.51% by going up from $62.312 However, Pakistan stood with Italy and continued its
which we can divide textile machines. Italian sales upgrading of machinery. Textile clusters are located in million during October 2020 against the exports of bilateral trade. Despite these challenging conditions,
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
dyeing, finishing, and printing machines, 24% Como, Milan, Prato, Vicenza. 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.
machines, 8% weaving machines, and 7% other Pakistan is among the most relevant market for textile compared to the exports of $92.549 million in Following Brexit, Italy is now home to the largest
machines. machinery. In 2020 the value of Italian exports to the September 2021. Overall, Pakistan's exports to other Pakistani diaspora in the EU. In FY 2020-21, workers'
Pakistani market was 69 million Euros, while in the countries witnessed an increase of 32.21% during remittances from Italy reached $601 million, which
first six months of 2021, the value reached 52 million the period under review, from $7.322 billion to $9.681 marks a 66% increase over the last year, and is an
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 significant source of remittances in the EU and the
Pakistan), followed by spinning machines (34%) and Italian Review Italy, the first country in Europe to be severely hit by 7th largest in the world.
knitting machines (13%).

The Italian textile machinery industry has always been
one of the leading global textile machinery market
players. The Association of Italian Textile Machinery
Manufacturers (ACIMIT) promotes exports of Italian
textile machinery worldwide. ACIMIT gives any Pakistan and Italy have been trading partners for
information on the activity of the producers and several decades. Pakistan not only imports from Italy,
organizes a wide range of promotional activities but the country also exports various items. In 2019,
(such as exhibitions, technical seminars, missions in Pakistan exported $838M to Italy. The main products
Italy and abroad) most of the time in collaboration exported from Pakistan to Italy were House Linens
with ICE (Italian Trade Commission).
($139M), Light Pure Woven Cotton ($78.4M), and
Non-Knit men's suits ($68.1M). During the last 24
In Italy, there are approximately 300 companies that years, the exports of Pakistan to Italy have increased
produce textile machines and related accessories, 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 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-
November/December 2021