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Italy Textile Association is not optimistic about the future trend of the industry
Feb 02, 2018

According to the estimated data of Italy textile and fashion industry association show that in 2009, Italy textile and garment industry to achieve sales revenue of about 45 billion euros, 16% lower than the previous year; the employment of 482 thousand people, a decrease of 26 thousand; exports 22 billion 200 million euros, down 20%; imports of 15 billion 800 million euros, down 11%; trade surplus was 6 billion 400 million the euro fell 37%.

According to the Italy Foreign Trade Commission data show that in 2009, the export of Italy textile and clothing industry of China is 368 million euro, down 5.8%, accounting for the total amount of Italy textile and clothing industry exports since 1.65%; China imported 4 billion 187 million euros, representing a decrease of 3%, accounting for the total amount of Italy textile and apparel imports 26.3%, imports still ranks country of origin; the trade deficit is 3 billion 819 million euro, down 2.7%.

Since this year, with the demand of European and American markets warmer, the situation of Italy textile and clothing industry has improved. According to the Italy textile and Fashion Industry Association survey showed that one quarter of the textile and garment industry output remained stable, 0.2% lower than the same period last year, the textile industry grew by 4.7%, the apparel industry fell 3.5%; exports fell 3.5%; orders rose 3.2%.

However, the association is not optimistic about the industry's future trend, because of global economic growth is not the basis of stability, raw material prices, the euro exchange rate speculation, the credit crunch has not been fundamentally improved and other factors still exist, the textile and garment industry recovery will be very slow to return to pre crisis levels will be.


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