Home / Knowledge / News / Textiles / T&G exports to witness 10% negative growth in H2 - Experts
T&G exports to witness 10% negative growth in H2 - Experts
26
Jun '09
According to data from General Administration of Customs, from January to May this year, China's exports of clothing and accessories registered US $36.82 billion, down 8.1 percent year-on-year, while shipments of textile yarn and fabrics realized $22.03 billion, down 15.5 percent year-on-year.

The downturn in international markets has affected confidence of business investment and from January to April this year, the investment in the textile industry added up to 68.1 billion Yuan in fixed assets, up 1.6 percent year-on-year, but annual growth rate fell 16 percentage points.

In addition, domestic apparel consumption also slowed down, which increased difficulties for export enterprises to shift their export products to domestic market. The sentiments of global recessionary trends are affecting the Chinese consumers too, who have dug their hands deep in to their pockets.

Industrial experts point out that textile and garment exports will stay in the negative zone for some more time and is expected to chalk up a 10 percent negative growth in the second half, with the most optimistic expectation being that the fourth quarter of this year will begin to see signs of warm-up.

Before the world economy bottoms out, Chinese textile enterprises only do not only face a slowdown in orders, but also have to contend with price cuts, which they have to adhere to in order to keep their machines running and keep their workers, busy with work.

At the 105th Canton Fair which concluded in early May, price competition was fierce, transaction price of textiles and apparel generally dropped by 5 to 20 percent, which means that enterprises will face increased price cuts in the next few months.

Domestic cotton price rose from 11,000 Yuan per ton at the beginning of this year to the current 13,000 Yuan per ton, with the import cotton price also increasing from January to May. In the first 5 months of this year, Chinese textiles and apparel also witnessed a significant recall of goods in their shipments to the key markets of the European Union and US.

Experts point out that price cuts can only play an important role temporarily, but in the long run, enterprises should focus on brand building and technological innovation, since orders will tend to flow to only those companies which concentrate in high-quality of their manufactured products.

Fibre2fashion News Desk - China


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Ritu Kumar
Label Ritu Kumar

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Judy Frater
Somaiya Kala Vidya

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

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 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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