China's Import of Textile Machinery in Jan - Aug 2006

ITMA ASIA + CITME 2008  () 2007-01-31 

According to figures from the China Customs, China textile machinery foreign trade gained a total value of $3.401 billion, from Jan to Aug. 2006 brought an 16.87% jump. In which, China’s textile machinery imports had $2.604 billion in value and increased by 10.99% compared to the same period of time in 2005, and the exports reached 797 million US dollars and its growth rate soared by 41.34%.

Statistics reveal that China's textile machinery are mainly imported from Japan, Germany, Italy, Taiwan China, PRC and Korea. The import from the above five countries or region took up about 80% of the total market share.

The details on China’s import of textile machinery from Jan. to Aug 2006 as follows:

                                                                                                                          Unit: 1 million USD

Description	Import  Value	Year on Year	Import Quantity	Year on Year
Combed machinery	20.21	12.32%	654 sets	113.03%
Air-flow spinning machine	9.05	176.44%	96	74.55%
Automatic winder	152	45.92%	1180	17.53%
Rapier loom	108	28.82%	2437	41.36%
Projectile weaving machine	5.39	316.8%	73	102.78%
Air-flow weaving machine	284	23.01%	8067	21.73%

Statistics reveal that the growth was the import of projectile weaving machine and the import quantity increased by one times.

By the way, Zhejiang Province imported  35 sets of projectile weaving machines, the average price was 100,000 USD; and Jiangsu Province imported 15 sets of projectile weaving machines, the average price was over 70,000 USD.

From the statictics, it seems obvious that the Chinese textile manufacturers are demanding newer and more reliable imported machines to keep up with the technological advances in textile manufacturing.