Textile machinery industry development space remains to be discovered

As the upstream industry of the textile industry, the trend of textile machinery and (textiles) trade depends entirely on the prosperity of the textile industry. The textile industry is China's traditional advantage industry. Textile products are also important foreign trade products in China. As the main raw materials for clothing and other daily products, the development speed of the textile industry will also determine the supply and demand relations and price changes in the apparel, textile machinery and other industries.

After experiencing the low profile of the textile machinery industry in 2012, textile machinery manufacturing entered a transition period in 2013. From January to March, the production and operation status of the textile machinery industry improved. The industry’s main business income grew moderately year-on-year, the industry’s profits declined slightly, the decline in imports narrowed, exports rose slightly, and fixed-asset investments rose significantly. New projects have Increased.

Relevant experts predict that by 2015, the Asian region is expected to become one of the fastest growing markets in the world. According to product categories, parts and accessories are the largest markets. From the perspective of growth potential, in the weaving machines, the growth of woven machines and knitting machines will be relatively fast. To this end, Chen Chunmei said that as far as the entire textile machinery industry is concerned, the prospects for the future are very broad and it is imperative to open up new space for development.