VDMA Reports Higher Machinery Exports In 2006
The German Engineering Federation (VDMA) Textile Machinery Association reported German textile
machinery exports in 2006 rose by 6 percent over 2005 — which had weaker results compared with 2004
— to total 3.6 billion euros (US$4.8 billion), representing a global market share of nearly 30
percent. VDMA expects 2007 sales to grow an additional 13 percent.
China and India took 36 percent of Germany’s textile machinery and accessory exports, with shipments to China worth 929 million euros (US$1.2 billion). Exports to China during the fourth quarter reached an all-time high, totaling 312 million euros (US$416 million).
Exports to India totaled 368 million euros (US$491 million). Other leading markets included Turkey, 236 million euros (US$315 million); the United States, 192 million euros (US$256 million); and Italy, 172 million euros (US$226 million).
By region, shipments to Asia comprised 54 percent of the total; followed by Europe, 29 percent; Latin America, 6 percent; North America, 5 percent; and Africa, 2.3 percent.
Spinning machinery made up 37.6 percent of total exports; followed by knitting, hosiery and similar machinery, 33.8 percent; finishing, 19.6 percent; and weaving, 9.6 percent.