Interviews
Chinese share in global textile & garment trade dips
04 Jun '12
2 min read
Majority of the garment exporters in the Pearl River Delta region are facing shortage of orders from their overseas clients.
Many of these also do not dare take new orders, due to the huge spread between domestic and foreign cotton prices.
"Chinese textiles are losing shares in international market!" Sun Huaibin, spokesman of China Textile Industry Association said at a conference held on May 31.
In January-April, Chinese textile and apparel exports rose 1.07 year on year, of which, textile exports only grew by 0.15 percent.
He said the downward pressure of Chinese textile exports was mainly caused by the widening difference between domestic and international cotton prices.
Due to lack of demand in international market, international cotton prices have been tumbling since September 2011 and the spread is widening.
As of May 25, 2012, domestic cotton price of M 328 was 18,853 Yuan per ton, while international cotton price was 13,393 Yuan per ton after levying 1 percent customs duty and VAT.
Global market shares of many Chinese textile and apparel producers have transferred to other countries, due to the widening spread between domestic and foreign cotton.
The latest data show that from January to March this year, China's textile and apparel share in the US and Japanese markets were 35.58 percent and 72.03 percent, respectively, down 4.55 percent and 2.92 percent respectively compared with 2011.
Many of these also do not dare take new orders, due to the huge spread between domestic and foreign cotton prices.
"Chinese textiles are losing shares in international market!" Sun Huaibin, spokesman of China Textile Industry Association said at a conference held on May 31.
In January-April, Chinese textile and apparel exports rose 1.07 year on year, of which, textile exports only grew by 0.15 percent.
He said the downward pressure of Chinese textile exports was mainly caused by the widening difference between domestic and international cotton prices.
Due to lack of demand in international market, international cotton prices have been tumbling since September 2011 and the spread is widening.
As of May 25, 2012, domestic cotton price of M 328 was 18,853 Yuan per ton, while international cotton price was 13,393 Yuan per ton after levying 1 percent customs duty and VAT.
Global market shares of many Chinese textile and apparel producers have transferred to other countries, due to the widening spread between domestic and foreign cotton.
The latest data show that from January to March this year, China's textile and apparel share in the US and Japanese markets were 35.58 percent and 72.03 percent, respectively, down 4.55 percent and 2.92 percent respectively compared with 2011.
Fibre2fashion News Desk - China
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