Recession Hits China¡¯s Textile Machinery Markets
The Analysis of Economic Performance of China¡¯s Textile Machinery Industry from Jan. to Feb. 2009 (Part B)
Foreign-invested enterprises were major importers in January and February, accounting for 45.67 per cent of the total. The imports mainly took the form of general trade, totaling 114 million U.S. dollars, accounting for 41.89 per cent of the total, 72.89 per cent lower than a year earlier.
East China's Zhejiang province led all Chinese provinces and municipalities in textile machinery imports, followed by Jiangsu, Guangdong, Beijing and Shanghai. Import value of Zhejiang slumped 30.74 per cent to 41.1259 million U.S. dollars, taking up 31.01 per cent of the total.
Knitting machinery exports led the slump
Textile machinery exports plummeted 47.78 per cent to 133 million U.S. dollars in the first two months from the year-earlier period, marking a new low since 2001.
Except for the 7.28 per cent growth in loom exports, exports of the other types of textile machineries all suffered a decline. Knitting machinery led the fall, down 32.9 per cent to $51US million.
Table 1 China textile machinery exports from January to February by category (unit: $)
|
Category |
Accumulated Value
|
Proportion, % |
Y-on-Y Change (Value, %) |
|
Total |
132613803 |
100 |
-47.78 |
|
knitting machinery |
51009884 |
38.46 |
-32.90 |
|
accessory machinery |
29350778 |
22.13 |
-50.92 |
|
printing & dyeing finishing machinery |
25654980 |
19.35 |
-56.02 |
|
spinning machinery |
14376937 |
10.84 |
-58.05 |
|
loom |
6295690 |
4.75 |
7.28 |
|
chemical fibre machinery |
3455659 |
2.61 |
-76.17 |
|
nonwoven machinery |
1782878 |
1.34 |
-55.02 |
|
preparing machinery |
686997 |
0.52 |
-41.71 |
India turned to out be the largest importer of China's textile machinery, followed by Bengal, Hong Kong (China), Japan, Indonesia, Vietnam, Iran, Burma, Pakistan and Germany.
Table 2. Top 10 China¡¯s textile machinery importers from January to February (unit: $)
|
Country |
Accumulated Value
|
Proportion, % |
Y-on-Y Change (Value, %) |
|
Total |
132613803 |
100 |
-47.78 |
|
India |
34615420 |
26.10 |
-19.88 |
|
Bengal |
13302025 |
10.03 |
-41.42 |
|
Hongkong |
7840722 |
5.91 |
-72.06 |
|
Japan |
7359979 |
5.55 |
-55.77 |
|
Indonesia |
6678784 |
5.04 |
-54.32 |
|
Vietnam |
6270856 |
4.73 |
-58.51 |
|
Iran |
4701229 |
3.55 |
25.05 |
|
Burma |
4116557 |
3.10 |
35621.60 |
|
Pakistan |
4101284 |
3.09 |
-67.92 |
|
Germany |
3432220 |
2.59 |
-62.88 |
Table 3. China textile machinery exports to India from January to February (by category, unit: $)
|
Category |
Accumulated Value
|
Proportion, % |
Y-on-Y Change (Value, %) |
|
Total |
100486878 |
100 |
-55.79 |
|
knitting machinery |
48866124 |
48.63 |
-46.78 |
|
accessory machinery |
13692723 |
13.63 |
-60.22 |
|
printing & dyeing finishing machinery |
11498661 |
11.44 |
-56.38 |
|
loom |
8751936 |
8.71 |
-69.96 |
|
nonwoven machinery |
8290649 |
8.25 |
-67.52 |
|
preparing machinery |
6271611 |
6.24 |
357.32 |
|
chemical fibre machinery |
3115174 |
3.10 |
-12.59 |
|
spinning machinery |
0 |
0.00 |
-100.00 |
Private enterprises ranked first in exports in January and February, accounting for 7.31 per cent of the total. The exports mainly took the form of general trade, totaling 113 million U.S. dollars, accounting for 85.12 per cent of the total, 42.23 per cent lower than a year earlier.
Yunnan province led all Chinese provinces and municipalities in the export growth of textile machinery, followed by Jilin, Xinjiang, Chongqing and Hebei. Shanxi, Hunan, Tianjin, Liaoning and Shanghai have seen a negative growth in exports. (The End)