Textile Industry: Economic Growth Or Continued Decline

Supported by the domestic demand market, this year, China Textile industry The main production and marketing indicators will continue to grow. However, under the situation that the demand of the international market is hard to improve obviously, the domestic production cost continues to rise and the market competition is becoming increasingly fierce, the export pressure of the textile industry is still outstanding, which will further drive the growth of the industry's production and marketing.

China Textile Industry Federation press spokesman Sun Huaibin 30 revealed that since 2012, affected by the slowdown in domestic macro-economic growth, textiles clothing Domestic demand growth slowed down compared with the same period last year. However, the income of urban and rural residents is still growing steadily. In the first half of this year, the per capita disposable income of urban residents and the per capita cash income of rural residents increased by 9.7% and 12.4% respectively, providing a fundamental impetus for the growth of domestic demand. On the whole, although the growth rate of clothing consumption is still lower than that of the previous year, the growth rate will gradually increase, and the pulling effect on the textile industry will also gradually increase.

Sun Huaibin stressed that the reduction of foreign demand leading to insufficient orders in export enterprises is an important factor affecting the operation of the textile industry. According to relevant statistics, in the first half of 2012, the total amount of textiles and clothing imported from the EU decreased by 6.9% compared with the same period last year, and the total import volume of textiles and clothing in the United States approached zero growth. Clothing import The volume increased by only 2.2% over the same period last year, down 10.8 percentage points from the same period last year, and the overall demand for the international market is in the doldrums.

Affected by the continuing deterioration of the European debt crisis, the recovery of the international market is still facing higher risks. The latest forecast released by the International Monetary Fund in mid July will reduce the global economic growth by 0.1 percentage points to 3.5% in 2012, indicating that the prospects for global economic recovery are not optimistic. It is expected that in 2012, the international market will continue to be sluggish. Textile industry exports still lack market power to stabilize and improve.

Sun Huaibin believes that since 2012, domestic cotton prices have always been higher than the international market, and the price differentials have been widening. As of mid August, domestic cotton prices have risen by more than 5000 yuan per ton, and the spread has increased by 67% compared with the beginning of the year, resulting in a serious decline in the competitiveness of China's cotton textile industry chain and the deterioration of business efficiency. According to the market demand and supply situation, it is hard to predict the difference between domestic and foreign cotton prices in the near future. This is a major factor affecting the operation of the textile industry.

Sun Huaibin pointed out that because of the unclear trend of cotton prices at home and abroad, the negative growth of China's textile industry is difficult to fundamentally reverse. However, with the gradual increase in domestic demand and the decline in the number of statistics in the same period last year, the rate of decline in production and sales growth is expected to gradually decrease.