The textile machinery sector in Italy is looking up as manufacturers order index increased 43 per cent in the fourth quarter of 2021, says ACIMIT, the Association of Italian Textile Machinery Manufacturers stats. In absolute terms, the association’s order index stood at 127.9 points. The association believes, most of this growth was spurred by both Italian and foreign markets. Orders from the domestic markets surged 83 per cent compared to October-December 2020, for an absolute value of 234.6. On the other hand, orders from international manufacturers increased 36 per cent, for an absolute index value equal to 116.4.
Scarcity of materials, rising costs hamper deliveries
The annual order index increased 95 per cent for an absolute value of 128 points. Orders from abroad increased 79 per cent while those from domestic market surged by 204 per cent compared to those recorded in 2020. Alessandro Zucchi, President, ACIMIT says, “The textile machinery sector in Italy is recovering with production returning to pre-COVID levels. Foreign demand is also robust in most markets. The Italian Government’s Transition 4.0 incentives are also benefitting the sector,”. However, scarcity of components and raw materials due to supply chain interruption may hamper order deliveries. Rising energy costs are also a cause for concern.
ITMA 2022 to reaffirm Italy’s leadership position
ACIMIT expects 2022 to be full of optimism for the textile machinery sector in Italy with ITMA 2023, the world’s most important textile machinery exhibition, scheduled in Milan for June 2023. Many Italian manufacturers have registered for the event, reveals Zucchi. The event will help relaunch Italian textile machinery sector, and reaffirm Italy’s position in the market.
A private non-profit-making body, the Association of Italian Textile Machinery Manufacturers, ACIMIT is a private non-profit-making body that aims to promote the Italian textile machinery sector mainly abroad, by introducing new and innovative promotional campaigns. The association provides all kind of information of the manufacturers’ activities and also organizes various promotional activities like exhibitions, technical seminars, missions in Italy and abroad, etc. in collaboration with the Italian Trade Commission.
