Home / Knowledge / News / Textiles / Weakening Japanese yen impacts Chinese textile exports
Weakening Japanese yen impacts Chinese textile exports
03
May '13
The weakening of Japanese currency against Chinese yuan is impacting Chinese textile suppliers and traders, who are already exporting to Japan on meager profit margins.
 
Over the last six months, Japanese yen has weakened by more than 20 percent against the Chinese renminbi.  One Chinese yuan was traded at 12.84 Japanese yen on November 3, 2012. The exchange rate was 13.92 yen on December 31, 2012 and as on May 1, 2013, the rate was 15.92 yen for one Chinese yuan.
 
As a result, some small-scale suppliers and Japanese buyers who were unable to withstand losses have exited from the market.
 
Meanwhile, large-scale suppliers in China and traders in Japan are also feeling the pinch due to declining profit margins created by yen depreciation.
 
In view of the situation, Chinese clothing exporters have reduced the prices of their clothing to a maximum possible extent, and hence, the Japanese market would now have to increase its textile and clothing retail price, to carry on normal Sino-Japanese textile trade, according to Chinese experts.
 
The impact of weakening Japanese yen vis-à-vis Chinese renminbi was also visible at last month’s China Textiles and Clothing Fair, held in Japanese city of Osaka.
 
At the fair, sponsored by the Japan-China economic and trade centre, 258 Chinese companies and one Korean company operating from China showcased their latest products and services.
 
These exhibitors account for about US$ 2.5 billion worth of annual exports to Japan, which is about 10 percent of China’s garment exports to Japan. However, only 5,360 businessmen visited the fair, same as the number of traders visiting the last Osaka fair.
 
In March 2013, China’s textile and apparel exports to Japan fell by 10.5 percent year-on-year, according to China’s customs statistics.
 

Fibre2fashion News Desk - China


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Sugandha Bhardwaj

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

Rikesh Mistry

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

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Judy Frater
Somaiya Kala Vidya

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

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

December 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
68.1%
No
13.8%
Skip
18.1%

Total Votes: 94

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
62.8%
No
29.8%
Skip
7.4%

Total Votes: 94

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
87.2%
No
9.6%
Skip
3.2%

Total Votes: 94

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
81.9%
No
8.5%
Skip
9.6%

Total Votes: 94


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