Home / Knowledge / News / Textiles / Yarn production magnifies in May
Yarn production magnifies in May
24
Jun '08
According to Customs Statistics, yarn output of China reached nearly 1.9 million tons in the month of May, showcasing a year-on-year increase of 12.8 percent. In the first five months of 2008, national yarn production came up to 8.34 million tons, a rise of 11.6 percent, however it experienced a fall of 9 percentage points.

From September 2007 to May 2008, total yarn output of the country reached almost 15.45 million tons, boosting by 11.7 percent, yet it fumbled 8.6 percentage points down.

The textile and garment exports generated revenue worth US $14.4 billion, last month, showing a yearly boost of 9.7 percent. From January to May 2008, China shipped textile and clothing worth around $66.2 billion, a year-on-year rise of 15.4 percent, but a drop of 0.2 percentage points.

From September 2007 to May 2008, China exported textile and apparel to various nations and accumulated nearly $128.4 billion of foreign currency. This shows a significant growth of 16.7 percent from the same time last year, but a decrease of 3.7 percentage points.

According to the industry insiders, decline in growth rate of textile production was mainly due to accelerated pace of yuan, rise in labor and raw material costs, lowered export tax rebate rates and slowdown in international economy. All these reasons have affected the textile industry negatively.

Last month, market average price of cotton yarn 32s was around 18,951 yuan per ton, a hike of 26 yuan or 0.1 percent from the previous month. The average price of polyester staple fibre was nearly 10,975 yuan per ton, observing a fall of 402 yuan or 3.5 percent from the previous month.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Johan Berlin
InvestKonsult Sweden AB

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search