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Textile Industry Continued To Recover &Nbsp In 2010; Downward Pressure Remained

2010/8/4 20:54:00 55

In the first half of 2010,

international market

The main indicators of China's textile industry continued to show a year-on-year recovery trend after the combined effect of improving, strong demand for inventory refunds, sustained booming domestic demand market and lower base year base year. However, due to the continuous increase in cost pressures and complex environment at home and abroad, there will still be downward pressure on the future operation of the industry.

It is understood that in 1~5 months this year, China's clothing retail sales increased by 23.1% over the same period last year, which is 4.9 percentage points higher than that of the total retail sales of social consumer goods.

Over the same period, China's textile enterprises above Designated Size achieved a total domestic output value of 13476 billion yuan, an increase of 29.8% over the same period last year, a 20.4 percentage point increase over the same period last year, and an increase of nearly 2 percentage points in the value of domestic sales.

At the same time, as the international market resumed, the demand for replenishment of purchasers increased, and some domestic enterprises in order to avoid the appreciation of the renminbi, the export of textile industry showed a sharp upward trend.

In 1~5 months, China's textile and clothing exports totaled US $72 billion 200 million, up 19.5% over the same period last year, and the growth rate was 30.6 percentage points higher than the same period last year.

The profitability of China's textile industry has increased substantially compared with the same period last year.

In 1~5 months, the total profit of textile enterprises above Designated Size amounted to 71 billion 900 million yuan, an increase of 61.1% over the same period, and the profit margin of the whole industry was 4.4%, an increase of 0.91 percentage points over the same period last year.

Liu Xin, an analyst with the Statistics Center of China Textile Industry Association, said that the main production indicators were picking up.

Management quality

At the same time, industry growth has shown signs of slowing down.

"1~5 months, China's textile industry, more than 5.3 Enterprises above Designated Size, totaled 16865 billion yuan of industrial output value, an increase of 26.5% over the same period last year.

Vertical comparison, the growth rate is the highest level in the same period in recent years, but in horizontal contrast, the growth rate of production in 1~5 months decreased by 0.50, 0.43 and 0.14 percentage points compared to 1~2 months, 1~3 months and 1~4 months respectively.

Liu Xin

Analysis pointed out that the textile industry still faces greater downside risks.

First, the price of raw materials such as cotton (information, market) has been rising steadily since the beginning of this year.

As of July 14th, China's 328 grade cotton has risen to 18403 yuan / ton.

The high cotton prices make the production enterprises miserable.

Coupled with the continuous rise in labor costs and fuel power costs, the rising price of production factors has become a prominent pressure facing the industry at this stage.

Two, the RMB exchange rate reform started again, and enhanced the flexibility of RMB exchange rate.

Overall, the renminbi shows a gradual appreciation in the concussion.

In July 12th, the yuan hit a new high since the reform, and the middle price of the US dollar reached 6.7718.

Three, the eurozone's sovereign debt crisis is still lingering. Data on the recent purchasing managers' index and retail market growth in the US market also show signs of slowing economic recovery.

The prospect of global economic recovery is so perplexing that the export market faced by China's textile industry is hardly optimistic.