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

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Apparel/Garments | On 18th Nov 2017

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Sri Lanka’s apparel exports from January to September 2017 has...

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Apparel/Garments | On 18th Nov 2017

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Bangladesh Prime Minister Sheikh Hasina has said two more leather...

ASEAN, Hong Kong sign free trade agreement

Textiles | On 18th Nov 2017

ASEAN, Hong Kong sign free trade agreement

The Association of Southeast Asian Nations (ASEAN) and Hong Kong...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Sugandha Bhardwaj

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

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Steve Cole
Xerium Technologies

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

Eric Scholler
Groz-Beckert

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Bani Batra

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

Judy Frater
Somaiya Kala Vidya

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

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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

November 2017

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
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

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
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

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
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

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
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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