Textile express
Textile express
- Jiaxing Shengbang Technology Co., LTD
Since 2023, domestic policies to stabilize the economy and stabilize expectations have been introduced, more positive changes have occurred in macroeconomic operation, domestic market demand has steadily recovered, and the domestic textile industry has recovered in twists and turns, but global inflation is still high, and the recovery of textile and garment consumption is weak as a whole.
1. The export market has picked up
Increased demand in major overseas textile and garment consumer markets. According to the General Administration of Customs data, from January to September, China's textile and apparel exports fell 9.5 percent year-on-year. Among them, cotton textiles and clothing exports fell 16.5% year on year, down 0.6 percentage points from January to August, but 7.0 percentage points higher than textiles and clothing; Exports to the US fell 22.7 per cent year-on-year, 2.2 percentage points narrower than in the January-August period.
With the gradual progress of destocking in the European and American markets and the improvement of the US consumer market, China's textile and apparel exports fell 4.8% in September, and the decline further narrowed by 3.6 percentage points. Among them, textile exports fell 2.4 percent and clothing exports fell 6.6 percent.
Domestic terminal textile consumption growth slowed down. According to the National Bureau of Statistics, from January to September, retail sales of clothing, shoes and hats, needles and textiles above quota rose 10.6% year on year, the same growth rate as in January to August and higher than the 6.8% growth rate of total retail sales of consumer goods. From January to September, the country's online retail sales increased by 11.6 percent year on year, down 0.5 percentage points from January to August. Online retail sales of physical goods increased by 8.9%, of which, clothing goods increased by 9.6%, the growth rate was 1.3 percentage points narrower than that of January to August.
The international economic and trade environment is complex and severe, the global economy is unbalanced development, the competition and cooperation between countries are complex and intertwined, cotton textile enterprises actively innovate, and do their best to stabilize orders and expand the market, and the export decline continues to narrow. The effect of various domestic pro-enterprise policies continues to appear, the national residents' income has maintained a steady growth trend, the market vitality has been continuously enhanced, the revenue and profit of cotton textile enterprises have accelerated the recovery, and the efficiency level has continued to improve.
2. The inventory of raw materials of textile enterprises increased
At present, the "gold nine silver ten" of the textile industry has basically passed, after the National Day, the textile market orders continue to be weak, the sales of finished products are not smooth, the overall season is not prosperous, and the confidence of enterprises in the future market has weakened.
At present, the level of raw material inventory of textile enterprises has increased compared with that before the reserve cotton round, on the one hand, the reserve cotton is cost-effective and can effectively meet the production needs of enterprises; On the other hand, enterprises expect the price of raw materials to rise, and actively stock up before the peak season. According to the survey, the majority of enterprises that maintain cotton raw material inventories for 15-30 days, accounting for more than 70%, and 20% of enterprises that have cotton raw materials warehouses for 2-3 months. The results of this public survey are consistent with the results of the industrial inventory survey of the national cotton market monitoring system, and the raw material inventory of textile enterprises increased for three consecutive months from August to October.
According to the survey, about 36.4% of enterprises with yarn inventory of 7-15 days, about 29.1% of enterprises with 15-30 days, 21.8% of enterprises with inventory of one month and more, and 12.7% of enterprises with no inventory. Although the inventory of yarn products of textile enterprises is relatively low, after entering October, the sales of some small and medium-sized textile enterprises have slowed down to varying degrees, and the accumulation rate has increased, especially the performance of high-count yarn of 50S and above is poor.
3 The business opening rate is lower than the same period last year
During this year's "gold nine silver ten" period, textile enterprise orders are generally not as good as the same period last year. According to the survey, this year's "gold nine silver ten" orders significantly reduced 38.2, slightly reduced 20%, basically stable 23.6%, and increased 18.1%. According to feedback from enterprises, this year's "gold nine silver ten" did not meet expectations accounted for 78.2, close to the expected account for 18.2%, and few reached and exceeded expectations.
At present, the vast majority of enterprises are active in production, the probability of opening is generally maintained at a high level, and a small number of enterprises are subject to orders and financial pressure and have to reduce the start-up level to maintain operation.
According to the survey results, the proportion of enterprises with an opening probability of 80-100% reached 50.9%, the proportion of enterprises with a opening probability of 50-80% reached 29.1%, the proportion of enterprises with a opening probability of 30-50% was 10.9%, and the opening probability of less than 30% was only 9.1%. Compared with the same period last year, 41.82% of the open probability was flat, 20% was improved, and 38.18% was decreased. The number of enterprises with a decreased probability of opening is significantly more than that of improving enterprises, and the overall start-up situation of enterprises is not as good as last year. Among the surveyed companies, the main raw material used by them is cotton reserve.
Since the beginning of this year, the global economic growth has slowed down and the demand in Europe and the United States has significantly reduced the process of cotton consumption recovery is very tortuous, and the global textile industry is facing the difficulty of insufficient orders. The survey shows that the lack of orders is still the difficulty facing textile enterprises, followed by rising labor costs. At the same time, corporate funds are still tight, and the increase in environmental protection costs has also added to the financial pressure.
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