The market size of the textile machinery industry in the third quarter of 2010 increased by more than 70%
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In the third quarter of 2010, the market size of automation products in the textile machinery industry was close to 1.2 billion yuan, an increase of 73.3% year-on-year, and an increase of 20.0% compared to the previous quarter; of these, the inverter had the highest application value, exceeding 40%; the lowest HMI ratio was approximately 6%.
In the third quarter of 2010, the textile machinery industry experienced a slight increase, which was a year-on-year increase of around 20% and a year-on-year increase of 50%. Most textile machinery sub-sectors performed well and production remained stable. As the major textile machinery manufacturing enterprises are basically full-load production, and most of the production plans have been scheduled until the end of the year, it is expected that the fourth quarter of 2010 will be flat or slightly higher than the previous quarter. In addition, due to the recent increase in the price of raw materials such as cotton, the cost pressure on textile companies has increased, and some textile users have delayed delivery. The risk of uncertainty in future orders has increased.
Judging from the sales area, the industry's sales in the third quarter of 2010 were mainly concentrated in East China, South Central and North China, accounting for nearly 98% of the total, which is basically unchanged from the previous quarter. From the feedback of the interviewed companies, market demand still mainly comes from domestic Jiangsu, Zhejiang, Fujian, and Xinjiang.