Home / Knowledge / News / Textiles / China's fabric exports likely to maintain steady growth
China's fabric exports likely to maintain steady growth
18
Jul '14
Fabric exports from China are expected to maintain steady growth during the remaining part of the year despite weak market demand, increasing labor costs and other problems plaguing the development of the country’s textile industry, according to market analysts.
 
According to statistics from the China Textile Import and Export Chamber of Commerce, from January to May this year, China exported fabrics valued at US$ 21.3 billion, registering an increase of 5.27 percent year-on-year. In terms of volume, 14.736 billion metres of fabric was exported, showing a growth of 3 percent. The average export price increased by 2.2 percent to 1.45 yuan/metre.
 
In the month of May 2014, China’s fabric exports were valued at $5.241 billion, which is the highest monthly export value this year.
 
During January to May 2014, China’s fabric exports to major markets also increased. Its exports to Asia grew by 2.69 percent year-on-year to $13.603 billion. Of this, exports to Pakistan, Cambodia and Vietnam increased by 45.22 percent, 21.35 percent and 15.11 percent, respectively.
 
Similarly, China’s fabric exports to the EU increased by 16.47 percent year-on-year, of which, exports to Spain, the UK and German grew by 35.9 percent, 33.58 percent and 17.94 percent, respectively.
 
Chinese fabric exports to African countries rose by 13.03 percent year-on-year, with exports to Egypt, Kenya and Nigeria growing by 20.24 percent, 19.43 percent and 18.87 percent, respectively.
 
Likewise, exports of fabric from China to Latin American countries were up by 8.68 percent year-on-year, of which exports to Colombia, Nicaragua and Mexico grew by 45.43 percent, 29.2 percent and 16.08 percent, respectively.
 
Analysts at the China Textile Economy Research Center point out that Chinese fabric exports were volatile in emerging markets, while they were stable in well-developed markets during the initial five months of the current year. However, with recovery in developed economies there is still room for improvement in emerging markets like the Asean. Overall, they expect China’s fabric export growth to continue the current trend of steady recovery.
 

Fibre2fashion News Desk - India


Must ReadView All

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Textiles | On 20th Apr 2018

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Vietnam earned $7.339 billion from textile and garment exports in the ...

Uganda yet to exploit AGOA benefits: US envoy Malac

Apparel/Garments | On 20th Apr 2018

Uganda yet to exploit AGOA benefits: US envoy Malac

Uganda is yet to take full advantage of the Africa Growth and...

Courtesy: KBR, Inc

Textiles | On 20th Apr 2018

KBR completes KPIC’s ethylene plant revamp project

KBR, Inc. has successfully completed the ethylene plant revamp...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Marten Alkhagen
Swerea IVF AB

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

Marcel Alberts
Eurofibers

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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