Home / Knowledge / News / Textiles / Chinese textile sector output to cross 5 trillion yuan
Chinese textile sector output to cross 5 trillion yuan
17
Jan '12
The value of total output of Chinese textile industry above designated size is likely to be over 5 trillion Yuan in 2011, experts have estimated.

Industry experts estimate the production of cotton yarn in 2011 to exceed 28 million tons while that of chemical fibre to cross 33 million tons.

According to them, the export of cotton yarn increased by 11 percent and that of chemical fibre grew by about 15 percent and the entire textile industry exports rose by 20 percent.

The value of entire textile industry exports is estimated to be more than US$ 250 billion, but the volume is likely to remain at 2010 levels. The 20 percent growth in textile exports is mainly due to increase in prices.

The year 2011 was of ups and downs for the Chinese textile industry. The year began on a good note and the business was good in the first half. However, the cotton spinning industry started experiencing bad phase from May 2011. Knitting and other sectors felt tremors from September onwards, while the entire textile industry was passing through a difficult period by the end of the year.

At the Canton Fair, Chinese textile industry received orders for 2012, but experts predict exports to be much lower in the first few months of the current year.

Several cotton spinning and knitting firms, including some small businesses, have given a month-long holiday to their workers beginning from the New Year. This reflects that the textile entrepreneurs have not received enough orders and they do not perceive a good outlook for the first quarter. However, analysts expect the export situation to improve from the second and the third quarters of the current year.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search