Orders for Italian textile machinery grow by 43% in Q4FY21: ACIMIT

More specifically, domestic orders were up 83 per cent compared to the period October-December 2020, for an absolute value of 234.6. Orders collected abroad grew by 36 per cent, for an absolute index value equal to 116.4, ACIMIT said in a press release.

On an annual basis, the index of orders intake increased by 95 per cent, for an absolute value of 128 points. The increase in orders abroad was 79 per cent, while orders collected for the domestic market were up 204 per cent compared to what was observed in 2020.

"We’re experiencing a recovery in the sector that we didn’t quite expect. Production has returned to pre-COVID levels, while foreign demand has been robust in most markets, and in Italy it has benefited from the Government Transition 4.0 incentives. However, the many orders to be filled are now a cause for concern, given the scarce availability of components and raw materials due to the interruption of supply chains. Added to this is the sharp rise in the cost of energy,” said Alessandro Zucchi, president of ACIMIT.

Thus, 2022 is expected to be a year in which optimism and foreboding still prevail for the Italian textile machinery sector, pending ITMA 2023, the world’s most important textile machinery exhibition, is scheduled to be held in Milan in June 2023. “The many registered Italian manufacturers are an important signal. ITMA Milan will mark a definitive re-launching of the textile machinery sector, and will confirm Italy's leadership in the field of textile technologies. This will be a must for all Italian businesses,” concluded Zucchi.

Fibre2Fashion News Desk (RR)