Orders for Italian textile machines jumped by 66% in the first three months of 2021, but rising prices for fibres and other raw materials are now hurting investment decisions. According to ACIMIT – the Association of Italian Textile Machinery Manufacturers – export orders for machinery climbed 68% between January and March, while Italy’s domestic market orders were up 54%.
«This significant increase in orders compares favourably with first quarter 2020 results, when the pandemic began and production almost completely stopped», said ACIMIT President Alessandro Zucchi. «These numbers are certainly encouraging, even though the pandemic is still not under control – especially in countries that are essential markets for our Industry, such as India. Investments in the Textile sector have, as a result, seen a rather patchy recovery. Without an overall global vaccination plan, our companies remain limited in their movements, jeopardising the possibility of seizing business opportunities in different markets».