Home / Knowledge / News / Textiles / China's textile exports face difficult situation in 2013
China's textile exports face difficult situation in 2013
04
Feb '13
Exports of China’s textile industry are likely to continue to face very difficult situation in 2013, due to high domestic cotton price, continued rise of labour prices and demand downturn in international market, vice president of China Textile Industry Association Gao Yong said recently.
 
Mr. Yang said all the three factors together affect the competitiveness of the Chinese cotton spinning industry and subsequently, the entire textile value chain.
 
In 2012, textile and garment exports from China only increased by 3.3 percent year-on-year, the lowest level since the negative export growth in 2009. The textile and clothing exports also grew at a much slower pace than the overall Chinese export growth rate of 7.9 percent year-on-year.
 
The slackening of international demand for textiles and apparels can be understood from the fact that total textile and garment imports by the US and the EU dipped by 0.9 percent year-on-year and 5 percent year-on-year respectively during the first 11 months of last year.
 
Secondly, there has been a continued rise in cost of labour during the past few years. China’s labour prices rose 20 percent year-on-year in 2010 and 2011 and by another 10 to 15 percent in 2012. The continued rise in labour prices has led to a decline in competitiveness of China’s textile and garment industry in the international market.
 
Another factor is the wide gap between domestic and imported cotton prices. At present, the cost of imported cotton, including tariff, works out to around 13,000 yuan/ton, while the price of domestic cotton released from state reserves is 19,000 yuan/ton.
 
Thus, there is a price difference of 6,000 yuan/ton, or the domestic cotton price is about 45 percent higher than the international cotton price, which significantly impacts the competitiveness of China’s cotton spinning industry.
 
In the first 11 months of 2012, China’s cotton yarn exports declined 8.9 percent year-on-year, while imports increased drastically by 56.1 percent year-on-year. It means that the amount of cotton consumed by Chinese textile mills dipped by about 2 million tons in 2012.
 
All these led to a decline in market share of China's textile industry in international market. From January to November 2012, China’s share in the EU and Japanese textile and apparel import markets fell by 1.8 percent year-on-year and 1.1 percent year-on-year, respectively.
 

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: Kai Pilger from Pexels

Textiles | On 24th Apr 2018

Pakistan’s textile exports up 7.77% in July-March FY18

The value of textile and garment exports from Pakistan increased by...

Alliance to form joint entity for safety in factories

Apparel/Garments | On 24th Apr 2018

Alliance to form joint entity for safety in factories

On the 5th anniversary of the Rana Plaza Collapse, The Alliance for...

China’s Alibaba partners with Thailand for digital trade

Textiles | On 24th Apr 2018

China’s Alibaba partners with Thailand for digital trade

China’s Alibaba Group recently signed an agreement with the Thai...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marcel Alberts
Eurofibers

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Wendell Rodricks
Wendell Rodricks

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search