China's Textile and Garment Export Statistics Remain Grim
Source: prnewswire Date: 2010-07-30
Frbiz.com, one of China's leading B2B search platforms, reports China's textile and garment export numbers remain grim.
The latest statistics showing China's total exports during the first half of this year reveal significant decreases in apparel, clothing-accessory, textile yarn and fabric product exports. China's textile and garment exports this year should continue to see declining numbers.
In the first half of this year, Chinese textile and apparel exports to the EU decreased, while exports to the United States and Japan increased slightly. Meanwhile, private enterprises' export status has further improved, while state-owned enterprise exports dropped significantly. As the international market for textiles and clothing has seen no significant improvement, China's textile exports face the following negative factors:
First, external demand is still weak. Second, trade protectionism is growing. In the first four months of this year, the EU has recalled 74 textile and clothing products, including 52 textile and clothing products made in China. Year on year this is an increase of 643%. Finally, the high cost of exports -- regulation of the cotton market this year has led to higher overheads for China's domestic enterprises. Textile and garment export competitiveness has been weakened.
With the international market downturn, the Chinese textile and garment industry be more active in its exploration of the domestic market. From the clothing consumer's point of view, although recently China's per capita fiber consumption rate has risen from 7.5kg to 15kg, in comparison with 30kg to 40kg per capita in developed countries, there is still a large gap. Enterprise management pressure is likely to increase in China's textile and garment industry in the near future.
