Home / Knowledge / News / Textiles / Textile sector achieves double digit growth in added value
Textile sector achieves double digit growth in added value
03
Jun '11
Statistics released by the Ministry of Industry and Information showed that in the first quarter of this year, China's textile sector achieved a 10.4 percent growth in added value compared with the same time last year.

However, the rate was down 1.2 percentage points compared with the fourth quarter of last year.

Cotton price exceeded 34,000 Yuan / ton mark in March, but in less than two months, cotton price rode on a "roller coaster” and price fell to 24,000 Yuan / ton, tumbling nearly 30 percent.

Domestic and foreign markets are in downturn, downstream demand has shrunk, and orders have reduced, resulting in the plunge of cotton price. But decline in costs of raw materials, did not ease the plight of textile enterprises.

Industrial players say that now they will buy raw materials only after they have received orders. Besides, companies are seeking more cost-effective alternatives, such as chemical fiber, polyester and other products instead of cotton.

Clothing production based on chemical fiber accounted for only 30 percent in the past, but current figures indicate that share of clothing materials based on chemical fibers has risen to 50 percent of since this year.

From the perspective at national level, inflationary pressure have extended and the state will continue to intervene by taking money tightening measures and other means, while domestic policy environment, will not allow sharp rise in cotton price.

In addition, international spot market of cotton has declined, due to the impact of global economy and various political factors.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Silke Brand-Kirsch
Schlegel und Partner

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

Kevin Nelson
TissueGen

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Tony Ward
Tony Ward

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing 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
April 2017

April 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