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Exports Of Textile And Apparel Industry Is Difficult To Reverse The Decline In Short
Rely on domestic demand and ease pressure on exports take time
General Administration of Customs released the latest data show that 1 in September China's total textile and apparel exports 136.94 billion yuan, an increase of 8.12% over last year, lower than the national export increase of nearly 14.2 percent, down 8 consecutive months.
Although our effect from August 1 to improve garment export tax rebate rate, but the good news failed to realize 8,9 month clothing export growth, export growth is still a downward trend in garment exports from a different angle, the market downturn. Industry insiders say that if the combination of exchange rate changes, starting from June, China's textiles and garment export has actually been negative growth.
Experts say the next 1 to 2 years, the textile and apparel industry, the winter will be "cold" down, and this trend is irreversible. Most textile and apparel categories
recent performance of listed companies notice a very bleak. Zhejiang Hongda Warp Knitting Co., Ltd. will be the owner of the net profit attributable to parent company, compared to last year from less than 50% decline in revised down from 50% to 70%. Domestic production of leading enterprise denim black peony announcement said the company before the 3-quarter net profit loss. China Garment notice, 1 September profit attributable to parent company -1.59 thousand million. Huafang shares before the company expected Q3 net profit down 50%. Reporter noted that the performance loss in all the company's statement, most analysts believe that the market downturn, production and operation of the industry have faced enormous difficulties.
Experts said that the listed company's analysis shows that the main applicable to the situation of the preceding period, the situation is not optimistic market outlook.
Worse, intensifying the financial crisis has led to a significant slowdown in global economic growth, declining external demand to economic growth of China's textile and very likely in the future will become negative. This means that export growth will make no contributions to the textile, and even delay the future of economic development. "In fact, already showing signs of the current situation, according to the first 8 years of monthly data estimated that the textile export growth this year may be driving the rate down to -4.75%." Experts said.
Notably, the textile and garment industry, under orders from foreign customers, to production to final export requires a cycle. This means that external demand changes in the market ultimately reflected in the number of Customs also take some time. Based on this, experts believe that textile and garment industry is now far less than the bottom of the exports next year, or worse, and this bad situation at least for 1 to 2 years. China Textile Industry Association Du Chau appeal, hoping the export tax rebate rate to "return to the original 15%", and hope that the Government can strengthen the social and public services to SMEs, including technology, information, logistics, training and support .
Industry that led to the export growth rate fell the most basic factor is the world's economic downturn shrinking external demand, so even if China's trade policy adjustments can only help companies reduce losses, and are unable to export from the source to reverse the slide .
External demand market fundamentals are changed circumstances, the development of domestic market seems to be in the textile and clothing enterprises out of the main ways. For the industry in general promising to rely on domestic demand to ease the plight of textile exports, experts believe that this effect may be achieved after 3 to 5 years, and never will be the persons concerned in the next year. Meanwhile, as more businesses were forced to switch to domestic exports, domestic demand will become even more fierce competition in the market.
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I am an expert from China Crafts Suppliers, usually analyzes all kind of industries situation, such as swarovski crystal belts , custom championship belts.