ACIMIT (the Association of Italian Textile Machinery Manufacturers) reported a significant 19% decline in orders for Italian textile machines during the fourth quarter of 2024 compared to the same period in 2023. The index, which is based on 2021 levels, stood at 49.6 points.
While domestic demand showed some resilience, increasing by 6%, foreign markets experienced a steep decline of 22%. The index value for foreign orders dropped to 48.3 points, while domestic orders reached 58.5 points. On average, the order backlog ensured 3.3 months of production.
For the entire year of 2024, the index reflected a 16% overall decrease from 2023. Domestically, the index saw a 10% growth, but foreign demand dropped significantly by 19%.
ACIMIT president Marco Salvadè highlighted the continued weakness in international machinery demand, pointing out that key markets like Turkey, India, the United States, and Germany experienced declines, with China being the exception.
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