Looking at the development from the current market situation.
As far as the current situation is concerned, the huge demand of the international textile and garment market still exists in the second half of this year. From the perspective of market regions, the development of textile and garment industry in some developing countries and regions makes their demand for sewing machinery continue to grow, and will directly drive the growth of China's sewing machine export. However, in the second half of the year, the growth rate of China's sewing machine export will not rise significantly, and it is expected to maintain a single digit growth rate. From the perspective of product export, the demand for sewing machines in the international market will still focus on industrial sewing machines, and the export of embroidery machines is likely to continue to decline. On the other hand, the impact of the U.S. financial crisis will continue, which means that the desire of the United States and some European countries to buy household sewing machines will be suppressed, and the growth rate of household sewing machine exports will continue to decline. In terms of spare parts, the advantage of "high quality and low price" of China's products will further affect the market, and its export is expected to show double-digit growth.
Asia: steady increase in parts exports
Asia is China's main sewing machine export market, and its export share accounts for more than half of China's total exports. The export regions are concentrated in India, Japan, and Hong Kong, China, ranking first, third, and fifth in China respectively.
In the second half of the year, China's exports to the Asian market will continue to focus on industrial machines and embroidery machines. In terms of spare parts, the growth rate is expected to remain in double digits.
Africa: demand for industrial machinery rises rapidly
With the rapid development of the clothing industry in Nigeria, Egypt and other countries, the demand for sewing machines in Africa is growing, especially for industrial sewing machines.
In recent years, the economy of some African countries has developed rapidly, especially the traditional textile and garment industry of Nigeria, Egypt and other countries. With the increase of export orders to Europe and the United States, Africa will speed up the introduction of sewing machinery, and "high quality and low price" Chinese products will become the first choice of African textile and garment enterprises. In the second half of the year, China's export focus to Africa, Nigeria, Egypt and other markets will also be on industrial machines, embroidery machines and other industrial equipment, while the regular maintenance of existing equipment and the procurement of a few complete machine processing plants will show double-digit growth.
Europe: Embroidery Machine exports continue to rise
China's export to Europe has always been dominated by household sewing machines, but in recent years, the demand for household sewing machines in Europe has decreased sharply, while the demand for embroidery machines has been growing, especially for special embroidery machines such as hat embroidery machines. At present, China's embroidery machine exports to Europe are concentrated in Italy, Russia, Germany and other countries.
South America: rapid export growth
China's exports of sewing machinery products to South America are concentrated in Brazil and other countries, of which China's exports to Brazil account for nearly half of the total exports to South America.
Since the end of 2007, the textile and garment markets of Brazil, Argentina and other countries in South America have developed rapidly, and the demand for industrial machinery and parts has increased significantly. The cost performance advantage of Chinese products has become the first choice for South American enterprises. In the second half of the year, the economic environment of South America will not change, and the rapid development of textile and garment markets in Brazil, Argentina and other countries will continue to maintain. It is expected that the export market of sewing machines in South America will still blossom in an all-round way, ushering in a small upsurge of China's export.
North America: demand for home appliances picking up
China's sewing machine products exported to North America are mainly household sewing machines, and the exports are concentrated in the United States. The reason is the epidemic. Similar to the financial crisis in 2008, housewives have to do something at home to reduce their expenses. As a result, the market demand for home appliances in the United States is heating up, and the purchase of home appliances is showing signs of recovery. It is expected that the demand for home appliances in North America, dominated by the United States, will continue to pick up in the second half of the year.
