Fashion

Italian textile industry expects recovery in 2017

After two years, 2015 and 2016, in which output, sales and exports all fell, the first three months of 2017 herald a trend reversal. According to the figures published by Italy’s national statistical institute ISTAT, between January and March Italian textile output rose by 2% (though in April it fell again, by 2.2%).The most significant contribution came from exports, which increased by 3.5% compared to the first quarter 2016, chiefly thanks to woollen fabrics (+3.1%) and cotton (+6.8%).

Italy is the world’s fifth-largest fabric exporter, after China, India, the USA and Germanyคำพูดจาก ทดลองใช้ สูตรสล็อต. In the first three months of 2017, Germany was, as always, the first outlet for Italian exports, with a 9.7% share of the total, though it recorded a 2.8% decrease, down to €81 million. Romania, the second export market for Italian fabrics, also declined (-5.8%), and do did France, Italy’s third market (-5.0%).There was instead healthy double-digit growth in some extra-EU countries, starting with the stunning 68% increase in exports to South Korea, which still absorbs a very small share (2%) of total Italian fabric exports.Also very much on the up were exports to China (+22.1%) and Hong Kong (+10.8%), making their combined share the second-largest market for Italy, ahead of Romania and France. Exports to Spain also grew remarkably, by 13.8%.However, the data for 2016 gathered and elaborated by SMI, the Italian fashion industry’s confederation, shows a shortfall which is more marked than the one expected after last February’s forecasts.Last year, the revenue of Italy’s textile industry reached €7.84 billion, equivalent to a 0.9% decrease over 2015. The result is explained by “the difficulties encountered both on the domestic and the international market,” with domestic demand falling by 1.8% and exports falling by 1%.Except for the wool sector, which grew 2.7% and accounted for 40.7% of total revenue, and linen (+1%), the output of all other types of textiles fell compared to the previous year.
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