The past 2010 was the most complicated year for China's textile and garment industry. Fortunately, the international market demand continues to pick up, driving textile and apparel exports throughout the year to break the $200 billion mark. However, the industry generally believes that this kind of rapid growth momentum cannot be sustained this year.
According to data released by the General Administration of Customs, China's total textile and apparel exports from January to December 2010 were 2,065.30 billion U.S. dollars, a year-on-year increase of 23.59%. Among them, textile exports totaled 77.051 billion U.S. dollars, an increase of 28.44% year-on-year, and exports of apparel and accessories were 129.478 billion U.S. dollars, a year-on-year increase of 20.88%.
Wang Qianjin, chief analyst of China First Textile Network, said that the growth of China's textile and clothing exports has been steadily growing since the beginning of last year when it reversed negative growth. If the exchange rate factor is denominated in ***, since 2010 China's textile export has created the highest level of growth since the exchange rate reform.
Many textile and clothing companies reported that exports had a good growth last year. In addition to the continuous recovery of overseas orders, they were also inseparable from the rapid rise in the overall cost of raw material costs and labor costs. The unit price of textile and apparel exports has risen to varying degrees and is now gradually encountered. Price bottlenecks, exports may slow in 2011.
Zhou Xiaonan, deputy general manager of Ningbo Huamei Wire Industry Co., Ltd., said that due to rising cost pressures, the company raised prices several times in 2010, and prices have been relatively smooth for the first few times. But by the end of the year, prices of many export products had risen to 30. From 4% to 40%, overseas buyers have already begun to conflict with prices, and new orders are increasingly difficult to find.
Wang Qianjin said that in 2010, the domestic textile and garment industry increased the cost of labor by an average of 20% to 40%, and the prices of production elements such as raw and auxiliary materials rose by 30% to 100%. After the second exchange reform, the cumulative appreciation of nearly 3%, Although the cost has soared, export prices have become more and more difficult. From the 108th Canton Fair concluded in November last year, it has gradually become clear that the situation in the coming months is not optimistic. In the last autumn fair, the orders of general textile enterprises were generally increased by 20% to 30% year-on-year, and the price increase of individual products was as high as 40%. However, foreign investors generally find it difficult to accept more than 20% of the price increase. Some European and US customers have started to curtail their purchases in China, and some low-end goods tend to purchase more from Southeast Asia.
Due to fierce changes in raw materials and exchange rates, domestic textile and garment companies are also generally reluctant to accept long singles and large orders. Since November last year, many foreign trade and processing companies in Jiangsu and Zhejiang provinces have been on holiday successively, which may be the export figures for the first quarter of 2011. Have a certain impact.
Wang Qianjin believes that there are two types of enterprises that can adapt to the international market. First, companies with an average profit of more than 5% have room for relaxation. Second, companies with bargaining power can pass through the price increase to pass on the pressure of increasing costs. Under the background of industrial restructuring, the polarization of export companies has intensified, and the industry may stage a big reshuffle of “strong strong, weak, and weakâ€. Industrial resources will accelerate the flow of large enterprises.
According to data released by the General Administration of Customs, China's total textile and apparel exports from January to December 2010 were 2,065.30 billion U.S. dollars, a year-on-year increase of 23.59%. Among them, textile exports totaled 77.051 billion U.S. dollars, an increase of 28.44% year-on-year, and exports of apparel and accessories were 129.478 billion U.S. dollars, a year-on-year increase of 20.88%.
Wang Qianjin, chief analyst of China First Textile Network, said that the growth of China's textile and clothing exports has been steadily growing since the beginning of last year when it reversed negative growth. If the exchange rate factor is denominated in ***, since 2010 China's textile export has created the highest level of growth since the exchange rate reform.
Many textile and clothing companies reported that exports had a good growth last year. In addition to the continuous recovery of overseas orders, they were also inseparable from the rapid rise in the overall cost of raw material costs and labor costs. The unit price of textile and apparel exports has risen to varying degrees and is now gradually encountered. Price bottlenecks, exports may slow in 2011.
Zhou Xiaonan, deputy general manager of Ningbo Huamei Wire Industry Co., Ltd., said that due to rising cost pressures, the company raised prices several times in 2010, and prices have been relatively smooth for the first few times. But by the end of the year, prices of many export products had risen to 30. From 4% to 40%, overseas buyers have already begun to conflict with prices, and new orders are increasingly difficult to find.
Wang Qianjin said that in 2010, the domestic textile and garment industry increased the cost of labor by an average of 20% to 40%, and the prices of production elements such as raw and auxiliary materials rose by 30% to 100%. After the second exchange reform, the cumulative appreciation of nearly 3%, Although the cost has soared, export prices have become more and more difficult. From the 108th Canton Fair concluded in November last year, it has gradually become clear that the situation in the coming months is not optimistic. In the last autumn fair, the orders of general textile enterprises were generally increased by 20% to 30% year-on-year, and the price increase of individual products was as high as 40%. However, foreign investors generally find it difficult to accept more than 20% of the price increase. Some European and US customers have started to curtail their purchases in China, and some low-end goods tend to purchase more from Southeast Asia.
Due to fierce changes in raw materials and exchange rates, domestic textile and garment companies are also generally reluctant to accept long singles and large orders. Since November last year, many foreign trade and processing companies in Jiangsu and Zhejiang provinces have been on holiday successively, which may be the export figures for the first quarter of 2011. Have a certain impact.
Wang Qianjin believes that there are two types of enterprises that can adapt to the international market. First, companies with an average profit of more than 5% have room for relaxation. Second, companies with bargaining power can pass through the price increase to pass on the pressure of increasing costs. Under the background of industrial restructuring, the polarization of export companies has intensified, and the industry may stage a big reshuffle of “strong strong, weak, and weakâ€. Industrial resources will accelerate the flow of large enterprises.
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