| SPINEXPO, ITALIAN YARNS IN CHINA |
2006-3-16 10:51:00 |
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 Rome - (Ign) - There will be a collective Italian participation also this year in Shanghai, from March 13th to 15th, at Spinexpo (www.spinexpo.com), the most important fair event in China dedicated to the sector of yarns. As in the two previous editions in 2005, in the spring and autumn, the initiative was taken by the Italian Institute for Foreign Trade, with the aim of strengthening the presence of Italian products in this sector in China and other countries of the Far East. In fact, thanks to this initiative, dozens of small companies will be able to launch their products on these markets, alongside the over 30 Italian companies which have been taking part in the Shanghai fair for many years now.
Italy continues to be one of the world's largest producers of yarns, above all in wool and above all at the top end of the market. And despite the incredible development of textile industries in the largest Asian countries, Italy still solidly occupies an important position on an international scale. In the first half of 2005, Italian exports of yarns of all types, including collateral processing, exceeded €900 million. Two thirds of these exports were represented by woollen yarns, the sector of most importance for Italian textile industry, which in fact accounts for an overall turnover of almost €3 billion. A third is destined for export, and the rest for the Italian industry of woollen products, which in turn has a position of world leadership, with over 40% of the entire international trade in the sector. 57% of Italian exports of woollen yarns go to countries of the European Union, and a significant part is sold to the United States and Asia.
Overall, considering all the production sectors, the Italian spinning industry realises an annual turnover of over €4 billion, with levels of exports at over 40%. The leading market for Italian industries is Hong Kong, with over €120 million of sales in the first half of 2005. China, meanwhile, is still at a relatively low level, accounting for around €20 million of sales in the same period. In the sector of woollen yarns alone, China and Hong Kong purchased in 2004 Italian goods worth €160 million, a figure up on previous years and still growing, on the basis of provisional forecasts for 2005. If we add the sales to Hong Kong to those for China and other countries in the Far East, annual sales exceed €300 million. Moreover, Spinexpo does not attract the attention only of buyers from China and Hong Kong, but also those from Indochina, Korea and Japan, thus presenting an ideal platform for promoting Italian yarns to a larger audience.
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