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2008-2009 Report on China's Textile Machinery Market
China's textile machinery market has been growing rapidly in recent years, and the gross industrial output value of textile machinery manufacturing in China reached RMB72.64bn in 2008, up by 4.9% year-on-year.
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1. Capacity of Textile Machinery Manufacturing Growing Steadily in China
China has become the largest producer of textile machinery in the world, delivering the most diversified and the largest quantity of products, while its import has also been increasing at a high speed in recent years. Specifically, the import of air-jet looms, shuttleless looms, circular knitting machines, hosiery machines, and cotton processing machinery have all increased. This means that China's demand is still strong for textile machinery. The focus of global textile production will shift to inland of China and also to other parts of Southeastern Asia, and China will be the most potential consumer of textile machinery in the world.
2. Although the total profit keeps increasing rapidly in China's manufacturing of textile machinery, the profit margin is low.
The gross industrial output value of textile machinery manufacturing sector in China reached RMB72.64bn in 2008, up by 4.9% year-on-year, and the gross profit was RMB4.07bn, up by 9.6%. But although the profit of the sector increased a generous RMB356m from a year ago, the profit margin was only 5.6%, far lower than average profit margin of the manufacturing in China as a whole.
3. Knitting Equipment Accounting for Largest Market Share
Knitting machinery accounted for 34.7% in China's textile machinery market, the largest in 2008, while spinning machinery was the second, 25.4%; dyeing equipment the third, 21.2%; chemical fiber machinery 8.9%; and others including parts 9.8%.
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