Home / Knowledge / News / Textiles / Chinese silk industry business income rises in 2013
Chinese silk industry business income rises in 2013
31
Mar '14
In 2013, the main business income of the Chinese silk industry increased by 13.11 percent year-on-year to 127.596 billion yuan, and profit grew by 13.86 percent year-on-year to 7.19 billion yuan. Although industry profits continued to achieve steady growth, the growth rate was about 16 percent lower than the nearly 30 percent growth rate seen in 2012.
 
According to the data from the National Statistics Office, China’s cocoon production decreased by 1.02 percent year-on-year to 648,300 tons in 2013. However, the average price of 2001 yuan per dan of 50 kg was a record high.
 
Of the 7.19 billion yuan profits made by the Chinese silk industry in 2013, profit earned by silk reeling process was 4.302 billion yuan, an increase of 7.35 percent year-on-year, profit of silk processing was 2.729 billion yuan, up 17.51 percent year-on-year, and profit by silk dyeing and processing was 429 million yuan, up 81.22 percent year-on-year.
 
Although profits continued to show steady growth in 2013, statistics show that business inventories increased by 4.35 percent year-on-year to 14.594 billion yuan, whereas corporate operating expenses increased by 17.18 percent.
 
From January to December 2013, China’s silk merchandise exports were valued at US$ 3.538 billion, up 3.02 percent year-on-year, according to customs statistics. The export performance was relatively good in the first three quarters, but the trend was weaker in the fourth quarter.
 
Currently, rising labour costs, increased inventory, lack of liquidity, accelerating yuan appreciation, and other factors are severely squeezing the profitability of silk enterprises.
 
In September 2013, the Ministry of Commerce and eight other departments jointly issued views for further promotion and healthy development of silk industry, which reflects the attention and support of relevant departments to the country’s silk industry. The implementation of favourable Government policies will guide the development of the Chinese silk industry and the growth in second half of 2014 is expected to be better than the first half.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Marten Alkhagen
Swerea IVF AB

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

Eric Scholler
Groz-Beckert

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Judy Frater
Somaiya Kala Vidya

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

Wendell Rodricks
Wendell Rodricks

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

July 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

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

Yes No

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

Yes No

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


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



X