Textile machinery export growth potential high

“Over the past five years, China’s textile machinery exports have grown at a rapid rate. In 2005, it was the highest level in history, reaching US$871 million, an increase of 30.34% year-on-year. 2006 will be even better than in 2005, and I think this growth trend will remain at 3. ~4 years.” When talking about the export situation of China's textile machinery industry this year, Wu Xiuhua, deputy general manager of China Textile Machinery and Technology Import and Export Co., Ltd., gave this judgment.

The advantages of China's textile machinery industry in terms of production capacity, technology, and internationalized supporting services are powerful weapons for opening up the international market. After nearly 20 years of development, China has become the manufacturing center of Asian textile machinery, and its textile products are oriented to more than 130 countries that are mainly Asian. At the same time, the manufacturing level of domestic textile machinery continues to increase. Previously exported products are mainly cotton spinning, and since last year, the growth rate of export of chemical fiber equipment has accelerated, especially polyester equipment and polyester spinning machines have seen significant growth. In addition, foreign advanced textile machinery manufacturers invest and build factories in China, which has made China's relatively weak technical level of post-printing and dyeing finishing and knitting equipment has been improved by leaps and bounds, thereby enriching China's textile machinery industry's export products. In particular, it is worth mentioning that China's textile machinery products continue to increase the ability to support the internationalization, exports of auxiliary devices and spare parts year after year, in 2005 reached 182 million US dollars, accounting for 20.86% of total exports. These spare parts are not only exported to foreign textile companies, but some of the world's leading textile machinery manufacturers also purchase our country's spare parts for their mainframe.

When it comes to the export potential of a product, in addition to the strength of the product itself to export, the key is whether the market has demand. There is no doubt that the transfer of the global textile industry to Asia has provided us with a huge market opportunity. Over the past few years, the governments of Asian countries such as India, Pakistan, and Bangladesh have supported the development of the textile industry by increasing investment, introducing preferential policies, and lowering lending rates, making the demand for textile machinery equipment in these countries very strong. For example, the Indian textile industry will invest 3 billion U.S. dollars in the next three years, which is undoubtedly a huge business opportunity for Chinese textile machinery companies that have had a good trade relationship with them for a long time. In fact, at present, China's textile machinery and equipment are still dominated by the Asian market, and exports to Asia account for about 80% of China's total textile machinery exports. China's textile machinery equipment not only opened the market in Asia, but also established a good image and was welcomed by user companies.

In recent years, the marketing network for export of textile machinery products in China has also been gradually established. Many textile machinery companies or foreign trade companies that specialize in textile machinery products have established after-sales service organizations in overseas major sales markets and sent specialized technical personnel to station sales. At this point, the engineers conduct regular touring services to solve the problems encountered in the operation of the equipment. Timely and in place after-sales service has not only won the trust of users, but also laid a good foundation for the further development of the local textile machinery market.

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