China : Guangdong textile machinery export to ASEAN soars

With the continuing expansion of the ASEAN textile machinery market, particularly the increasingly strong demand for high technological and efficient textile machinery would be able to meet product quality and stability with high-speed processing. ASEAN has become one of the world's most active regions for textile machinery.

During the 'Tenth Five-Year Plan' period, as one of the world's largest processing and manufacturing bases in China even in the world, Guangdong textile machinery industry has made some achievements in technological innovation and product innovation.

The overall level of the textile industrial equipment and technical innovation capabilities has also been enhanced.

In recent years, Guangdong's export of textile machinery has maintained a steady and rapid growth. Especially export to ASEAN market indicates a good and high-speed growth.

Guangdong textile machinery export to ASEAN in 2005 for the first time exceeded US $10 million, reached $14.783 million, 3.1 times over the export value of that in 2002, with an average annual growth rate of 46.3 percent in three years, according to Customs statistics.

From January to August this year, Guangdong's textile machinery export to ASEAN reached $14.255 million, a rapid growth of 71.6 percent over the same period of previous year, close to last year's total export amount to ASEAN.

The demand from the brisk markets of Indonesia, Thailand, Vietnam and Cambodia provides a good opportunity to Guangdong textile machinery.

From January-August this year, Guangdong textile machinery export to the four countries registered $5.526 million, $ 2.995 million, $2.585 million and $1.13 million, increased by 96.3 percent, 60.6 percent, 82.4 percent, and 79.6percnet,respectively. Export to Malaysia amounted to $1.076 million, rapidly growing 210 percent.
 
 
Fibre2fashion, News Desk - China