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Dyeing & printing industry records a robust growth
09
Apr '08
Dye industry of China has seen an unprecedented and sustained growth in the past few years, thanks to the massive inflow of diversified investments in the industry.

Infact, employment of advanced equipments and new technologies for manufacturing new products has also had its share in increasing the contribution of China in global dye production.

Presently, China has earned the reputation for having the largest production scale in the world.

Statistics show that since 2007, the average price of dyes in Zhejiang area has increased by more than 10 percent while those of disperse and reactive dyes have gone up by nearly 30 percent.

Notorious for polluting the environment, the dye industry will continue to face pressure for reducing emission and therefore prices are likely to rise even further.

Since 2003, a growth of 15 percent has been recorded in the output of printing and dyeing cloth as well as for apparel production. This is largely due to the growing consumption and demand for the products during the period.

Moreover, the annual domestic consumption and production of dyes has also increased by 15-20 percent since 2001.

However, experts are of the opinion that small and medium dyeing and printing enterprises are facing a transition and credit for this goes to cut in profit margins brought about by rising prices of raw materials and increased environmental costs.

As a consequence, there is a gradual change in industrial structure and market demand and supply trend. Besides, a continued revaluation of RMB is only worsening the situation.

Fibre2fashion News Desk - China

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