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

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Certification for Philippine garment firms availing GSP

Textiles | On 20th Jun 2018

Certification for Philippine garment firms availing GSP

The Philippines has adopted rules on securing certificate of...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search