Home / Knowledge / News / Textiles / Exchange rate – Most risky export variable in 2010
Exchange rate – Most risky export variable in 2010
12
Mar '10
Demand for Chinese textile and apparel products from oversea markets has picked up since October 2009, but according to experts, the demand was mainly due to refilling of inventories by retailers.

Most enterprises were of the opinion that, in the first two months of 2010, exports have significantly improved from a year ago. January export value of textiles increased over 20 percent year on year, of which, the increase of orders to the US was most obvious, while those to Europe and Japan was moderate.

The pace of orders received by large enterprises was faster, as they have a competitive edge due to economies of scale, better advantages, high level of research and development and also they have more abilities to resist risks than smaller companies.

Although demand has warmed up, pressures on business costs have also quietly increased. Textile firms feel that, the expected appreciation of the Yuan could become the biggest variable for exports, this year, however, the pressures of rising costs in labor, raw materials and energy cannot be ignored, either.

At present, China's textile and garment exports are still mainly based on low-end products. International competitiveness is mainly derived from low cost advantages. However, labor costs in coastal areas are rising; due to which enterprises can only achieve 2-3 percent net profits through various measures.

Therefore, innovation, transformation and quality improvement have become inevitable choices for the textile industry. Some enterprises have attracted orders by product innovation and product differentiation. Meanwhile, many textile enterprises have already made preparation to control exchange rate risks in advance.

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: Pyrates Smart Fabrics

Textiles | On 16th Jul 2018

Spain's Pyrates Smart Fabrics targets Asia, S America

Spain-based Pyrates Smart Fabrics, whose major markets are northern...

Bangladesh to modernise 3 jute factories to boost sector

Textiles | On 16th Jul 2018

Bangladesh to modernise 3 jute factories to boost sector

The executive committee of Bangladesh’s National Economic Council...

Courtesy: Asda

Apparel/Garments | On 16th Jul 2018

J Sainsbury agrees to £3.5 bn financing for Asda merger

J Sainsbury plc has agreed for a financing package of £3.5 billion in ...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Urmil Arya

Sushila International, a well established textile organisation established ...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Kevin Nelson
TissueGen

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sonam & Paras Modi
SVA

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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


July 2018

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

news category


Related Categories:

Advanced Search