Slowdown In Textile Growth In Xiangyang, Hubei

Recently, the Xiangyang Municipal Commission for information and communications was informed that in the first half of this year, the city of Hubei Spin The total output value of the industry reached 13 billion 390 million yuan, ranking first in Hubei, an increase of 61.5% over the same period last year, contributing 10.54% to the city's industrial growth.

Driven by the rising prices of products, Xiangyang's textile industry has continued its rapid growth since last year. As of the end of March, the output value of textile industry above scale increased by 65.87% over the same period last year. In the two quarter, cotton prices dropped rapidly from 34 thousand yuan / ton to 24 thousand yuan / ton, and the prices of textile products also fell rapidly, and the momentum of rapid growth of textile industry slowed down gradually. In June, the textile industry above scale realized output value of 2 billion 977 million yuan, an increase of 18.13%.

Intra industry differentiation. In the first half of the year, the spinning and weaving industry achieved an output value of 10 billion 856 million yuan, an increase of 70.3% over the first half of the year. The garment industry mainly supplies processing and OEM production, with sufficient orders and strong market demand. In the first half of the year, Garment manufacturing Industry achieved output value of 1 billion 140 million yuan, an increase of 74.66% over the same period last year. Chemical fiber manufacturing industry was affected by rising production costs and increased pollution and sewage pressure. The growth rate dropped sharply. The output value in the first half of this year was 1 billion 390 million yuan, up 10.14% over the same period last year, down 68.3 percentage points from the end of last year.

Industry analysis, recent cotton The sharp decline in prices has led to the rapid decline in prices of textile products. Since last year, the rapid growth of textile industry has been difficult to maintain by rising prices of products, and the growth rate in the second half of this year will further slow down.