Smi, textile-fashion at 52.9 billion

Smi, textile-fashion at 52.9 billion
Sergio Tamborini, president of Smi-Sistema moda Italia

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Textile fashion is approaching pre-pandemic figures, but forecasts for the year remain cautious, thanks to the international scenario. This is confirmed by analyzes of Smi-Italy mode system, announced yesterday at the conference. The sector expects to close the 12 months at 52.9 billion, up 18.4% compared to 2020 but still down around 3 billion compared to 2019 (-5.4%). The driving force behind exports was fundamental, which grew by 18% to over 32.4 billion, but also remained below pre-Covid figures (-1.3%, equivalent to 422, 5000000).

A trend that continues, according to the data State from the study center of Confindustria moda for Smi, over the first two months of the current year, with exports estimated at + 15.9% for 5.3 billion. In this case, textiles increased by 27.7%, clothing by 11.2%. Sales to the European Union at +19.5% exceed those outside the EU (+12.4%). And while France and Germany remain in first and second place respectively, it is the United States that achieves the best performance with an acceleration of 53.9%, a significant result if we compare it to 31.9 % lost over the two months of 2021. Also noteworthy is Russia at +2.3%, where the effects of the conflict that began at the end of February still do not weigh. On the other hand, China (0.4%), Hong Kong (-7.8%) and Japan (-9.5%) remain in decline.

Despite the recovery trend in 2021, 890 businesses in the area closed their doors, with an overall loss of 2.1% of employees. Smi has also carried out a forecast economic survey for the current months, based on the performance of a sample of companies. If from January to March the average increase in turnover was 22.7%, April-June marked a +16.3%, attenuated compared to the rebound of the same period in 2021. 32% of the panel fear on the contrary that the economic situation of the sector does not deteriorate.

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“We are in a time of polychrysum, first the Covid, then the war, the energy emergency, the difficulties of logistics, the slowdown in China. During these two years, we have wished for the recovery and the ‘we then touched first hand, but there are strong tensions which in a short time will be unloaded on the market,’ he pointed out. Sergio Tamborini, president of Smi. The rise in commodity prices remains alarming. In April, cotton increased by 89.5%, wool by 10.5%, synthetic fibers by 22.5%, silk by 30%. “The key will be to focus on the cohesion of the system. For this we have opened tables with Cnmi-National Chamber of Italian Fashionsoon we will communicate joint activities and events on sustainability and supply chain integration issues.”

The role of Retex.green Consortium for the recycling of fashion born at the beginning of 2022. The number one of the association then underlined the importance for companies of recruiting new generations to preserve Made in Italy: “The relocation that has been talked about so much lately can become a reality. China is no longer a partner of choice for companies that want to produce across borders”. Cirillo Marcolin, president of Confindustria moda then added: “After the pandemic crisis, we cannot underestimate the many challenges ahead of us. The war above all contributes to putting SMEs at risk and structural government interventions and actions are necessary,” he concluded. (All rights reserved)

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