In 2010, textile and garment export enterprises that have taken a turn for the better will face the "low growth and high cost" difficulties next year. Wang Qiang, senior analyst at First Textile Network, predicted at the symposium of the China Cotton Textile Industry Association that the industry's export environment in 2011 will be influenced by many unfavorable factors such as high costs, increased exchange rate volatility and the impact of the European debt crisis. Tendency.
According to data from the China Cotton Textile Industry Association, China's textile exports for the period from January to October this year were US$161.53 billion, an increase of 23.13% over the same period of last year, and the figure for the whole year of 2009 was -10%.
“The foreign trade situation covered by the data that looks beautiful this year is not optimistic.†Wang Qianjin said that in the first 10 months of this year, China’s total textile exports have exceeded the level of the previous year, and it is estimated that the total value of textile and apparel exports will be close to US$200 billion. The record high for the past few years, China's textile industry, clothing industry in the international market share of more than 30%, has gradually or gradually become saturated.
In addition, domestic production costs are also rising sharply. The main survey sample for the HSBC PMI index (purchase manager index) for SMEs shows that in November, the average input cost of China's manufacturing industry rose sharply. In November, the growth rate accelerated to a 28-month high. According to the statistics of the First Textile Network, the cost of raw materials for textiles this year rose about 30%-80% over the previous year, of which the increase in the cost of major raw materials such as cotton (26755, -15.00, -0.06%) more than doubled. In terms of labor costs, the wage increase in the Yangtze River Delta and the Pearl River Delta is generally 20%-40%. At the same time, the government has increased its efforts in energy conservation and emission reduction, which has objectively increased the environmental protection costs of enterprises.
With the sudden increase in costs, the profitability of corporate exports has been continuously reduced. In particular, some small businesses may find it difficult to absorb the rapid rise in costs. Wang Qiang believes that although the overall benefit of the textile industry this year is relatively good, one-third of the companies have accounted for more than 90% of the profits of the entire industry, and most of the companies have very low profits or even losses, and it is difficult to maintain their operations.
At present, most of China's textile export enterprises are SMEs. Data from the China Cotton Textile Industry Association shows that in 2010, China's large-scale textile enterprises accounted for 62.83% of total social textile exports. As the industry enters the era of “big business†development, Wang Qianjin expects that by 2015, this proportion will further increase to 75%, and many small businesses will be eliminated.
Wang Jinjue judged that there are only two types of companies that can survive in the international market in the future: First, companies with an average profit rate of more than 5%, and second, companies with bargaining power, can pass the pressure of increasing costs through price increases.
According to data from the China Cotton Textile Industry Association, China's textile exports for the period from January to October this year were US$161.53 billion, an increase of 23.13% over the same period of last year, and the figure for the whole year of 2009 was -10%.
“The foreign trade situation covered by the data that looks beautiful this year is not optimistic.†Wang Qianjin said that in the first 10 months of this year, China’s total textile exports have exceeded the level of the previous year, and it is estimated that the total value of textile and apparel exports will be close to US$200 billion. The record high for the past few years, China's textile industry, clothing industry in the international market share of more than 30%, has gradually or gradually become saturated.
In addition, domestic production costs are also rising sharply. The main survey sample for the HSBC PMI index (purchase manager index) for SMEs shows that in November, the average input cost of China's manufacturing industry rose sharply. In November, the growth rate accelerated to a 28-month high. According to the statistics of the First Textile Network, the cost of raw materials for textiles this year rose about 30%-80% over the previous year, of which the increase in the cost of major raw materials such as cotton (26755, -15.00, -0.06%) more than doubled. In terms of labor costs, the wage increase in the Yangtze River Delta and the Pearl River Delta is generally 20%-40%. At the same time, the government has increased its efforts in energy conservation and emission reduction, which has objectively increased the environmental protection costs of enterprises.
With the sudden increase in costs, the profitability of corporate exports has been continuously reduced. In particular, some small businesses may find it difficult to absorb the rapid rise in costs. Wang Qiang believes that although the overall benefit of the textile industry this year is relatively good, one-third of the companies have accounted for more than 90% of the profits of the entire industry, and most of the companies have very low profits or even losses, and it is difficult to maintain their operations.
At present, most of China's textile export enterprises are SMEs. Data from the China Cotton Textile Industry Association shows that in 2010, China's large-scale textile enterprises accounted for 62.83% of total social textile exports. As the industry enters the era of “big business†development, Wang Qianjin expects that by 2015, this proportion will further increase to 75%, and many small businesses will be eliminated.
Wang Jinjue judged that there are only two types of companies that can survive in the international market in the future: First, companies with an average profit rate of more than 5%, and second, companies with bargaining power, can pass the pressure of increasing costs through price increases.
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