ITMF releases latest report on Textile Machinery Shipment data.

Global textile machinery shipments saw varied performance in 2023, reveals the latest International Textile Machinery Shipment Statistics (ITMSS) released by the International Textile Manufacturers Federation (ITMF).

The spinning segment clocked in mixed results. While short-staple spindle shipments increased 2 per cent, open-end rotor deliveries dropped by 17 per cent. Asia dominated this sector, with China, India, and Turkiye as the largest investors. However, the region also saw a decline in open-end rotor investments.

The weaving sector thrived, with shuttle-less loom shipments growing 52 per cent. Air-jet and water-jet looms were particularly in demand. Asia, especially China, was the primary market for these machines.

Knitting machinery witnessed robust growth. Large circular knitting machine shipments rose by 17 per cent, led by China. Flat knitting machine deliveries increased 60 per cent, with Asia again dominating the market. Draw-texturing spindle shipments fell 28 per cent, primarily due to a decline in single heater spindles. Asia remained the dominant region, with China as the major investor.

The finishing segment displayed stability overall, with stenter shipments up by 3 per cent. However, other machinery categories within this segment reported mixed results.

In summary, the textile machinery industry exhibited a bifurcated trend in 2023. While certain segments like weaving and knitting flourished, others, such as draw-texturing and open-end rotors, faced challenges. Asia continued to be the global epicenter of textile machinery investment, with China as the dominant player.