Home / Knowledge / News / Textiles / Chinese T&C exports touch record highs
Chinese T&C exports touch record highs
13
Jan '11
China's textile and apparel exports reached US $206.53 billion in 2010, a record high and an increase of 23.59 percent year on year. Of which, textile exports achieved US $77.051 billion, an increase of 28.44 percent year on year, exports of clothing and accessories fetched US $129.478 billion, an increase of 20.88 percent year on year.

December, textile and apparel exports registered US $19.915 billion, a growth of 4.72 percent from the previous month, of which, textile exports were US $7.372 billion, an increase of 4.22 percent from the previous month, exports of clothing and accessories marked US $12.543 billion, a gain of 5.02 percent from the previous month.

Output of textile enterprises above the scale will exceed 4 trillion Yuan in 2010; profit is expected to exceed 200 billion Yuan, according to preliminary estimates of the China Textile Industry Association.

Industry sources point out that export growth of China's textile and garment has maintained a steady increase so far since it reversed the negative growth by early 2010. China's textile exports hit the highest growth level since the reforms were undertaken.

The rapid growth in textile and clothing exports was mainly due to the gradual recovery of international markets and increased demand for replenishment from buyers. Meanwhile, the industry also gradually boosted industrial structure adjustment and industrial upgrading.

However, the industry also faced some adverse factors in 2010. Domestic labor costs increased by 20–40 percent on average, raw material prices too broadly increased by 30–100 percent, the RMB appreciated nearly 3 percent since the second reform.

But enterprises found it difficult to increase prices, as foreign buyers generally could not accept price increase by over 20 percent; some European and American customers cut back purchases in China and shifted more purchases of low-end goods to Southeast Asia.

Experts predict that the average annual growth rate of China's textile exports will remain at 5 –8 percent during the "Twelfth Five-Year Plan" period, and will reach US $250-280 billion in 2015. Of which, value growth will become the important engine driving export growth of China's textiles.

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Asim Dalal
Indo Count Retail Ventures

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

Urs Stalder
Sanitized AG

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marten Alkhagen
Swerea IVF AB

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

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

Madhu Jain
Madhu Jain

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

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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