Home / Knowledge / News / Textiles / China's textile exports may show steady growth this year
China's textile exports may show steady growth this year
26
Jun '14
The exports of textiles and apparel from China are likely to show a steady growth trend this year.
 
The global economic recovery has strengthened this year compared to last year, and the international market can be generally described as stable. So, the Chinese textile industry’s external export environment is basically sound. Judging from the trend, the industry’s export growth is expected to continue the current trend of steady recovery.
 
However, some domestic concerns may affect the overall performance. First, there is a decrease in prices of raw materials, which led to a drop in prices of textiles and garments. According to the Customs data, from January to April, China’s textile and apparel export prices fell 2.2 percent. This downward price trend leads to low growth rate of total exports.
 
Product-wise, the main effect of decrease in cotton and synthetic fibre prices can be seen on yarn industry, where pries have decreased significantly by 10.9 percent in the first four months of 2014. As a result, the value of yarn exports showed a decline of 2.2 percent year-on-year, although the volume of yarn exports increased by 8.9 percent.
 
However, prices of fabrics stayed relatively firm and increased by 2.2 percent year-on-year during January-April 2014. On the other hand, the export prices of clothing and accessories fell by 4.2 percent, with export prices of cotton garments fell by as much as 13.3 percent.
 
Looking at the market structure, China’s textile and garment exports to Asean nations fluctuated. But, the recovery in developed economies is gradually expected to trickle down to emerging markets, and there is still room for improvement in China’s exports to the Asean market in the future.
 
From January to May 2014, China’s overall textile and garment exports touched US$ 106.84 billion, showing an increase of 3.6 percent year-on-year.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 29th Jun 2017

Amazon intends to keep investing and growing in India

American online retail giant Amazon intends to keep investing and...

Textiles | On 29th Jun 2017

Vietnam’s textile & garment exports cross $10bn till May

Vietnam earned $10... billion from textile and garment exports in the ...

Textiles | On 29th Jun 2017

Indian textile industry will reach new milestone by 2020

By 2020, textile technologies will be highly advanced not only with...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

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

Steve Cole
Xerium Technologies

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X