Home / Knowledge / News / Textiles / Chinese textile & clothing exports face myriad challenges
Chinese textile & clothing exports face myriad challenges
09
Apr '12
In the first two months of 2012, China's textile and apparel exports to the EU fell 12.7 percent year on year. Exports to Canada, Australia, Korea, Hong Kong, Macao, Taiwan and other developed countries and regions also experienced year-on-year decline.

Although exports to the United States and Japan achieved some growth year on year, annual growth rate fell 0.8 percent and 6.4 percent, respectively.

Analysts attribute the demand fall mainly to reduced demand from global markets, continued escalation of the debt crisis in Europe, instability of world economic recovery, increased uncertainty and weak recovery of US and European economies.

To add to the difficulties of exporters, spread between domestic cotton and imported cotton was greater, which affected global competitiveness of the Chinese textile industry.

During the current cotton season, China's domestic cotton price has maintained at 19,500 Yuan / ton, which is about 3,000 Yuan / ton higher than imported cotton. Due to imports quotas, the Chinese textile industry is also not able to import low-priced cotton.

In the period, due to the impact of fall in global cotton prices, prices of imported cotton yarn too dipped 15.1 percent and import volume rose 26.2 percent. At the same time, export volume of cotton yarn declined 19.3 percent year on year.

These export units also faced difficulties in generating adequate credit, which also led to higher costs in accessing capital, since they have to opt for high interest rates than the benchmark rates, the analysts added.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Nuno Venda
ROQ

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

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Johan Berlin
InvestKonsult Sweden AB

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
March 2017

March 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