reply The second half of China's textile and apparel export growth rate or decline

In the first five months, China's textile and apparel exports to achieve year-on-year growth. In this regard, Zhuo Chuan information analyst Liu Jie believes that, by the order transfer, domestic textile and apparel raw material supply stability is difficult to ensure the impact of multiple factors, it is expected that the second half of China's textile and apparel export growth rate or shock fall.The latest data released by the General Administration of Customs show that from January to May, China's textile and apparel exports totaled $125.067 billion, an increase of 11.18%. Among them, May China's textile and apparel exports of $ 29.227 billion, up 20.36% year-on-year, an increase of 23.89%, reversing the trend of narrowing growth rate in April, resuming rapid growth trend.Chinese textile raw materials with price advantages is the first five months of this year, China's textile and apparel exports to achieve year-on-year growth in the main reason. "China's textile industry raw materials mainly include chemical fibers and cotton, wool, hemp, silk and other natural fibers. At present, China's chemical fiber production capacity is growing steadily, the supply is stable, and has a price advantage compared with natural fibers. At the same time, the domestic cotton price is also lower than the price of foreign cotton by more than 4,000 yuan per ton." Liu Jie said.According to Zhuo Chuang information statistics, on June 14, China's polyester filament (DTY150D/48F) market price of 10,500-10,600 yuan / ton, polyester staple fiber (East China 1.4D × 38mm) market price of 9,000 yuan / ton, viscose staple fiber (Jiangsu and Zhejiang 1.5D × 38mm) market price of 15,400 yuan / ton, the average price of domestic cotton (3128B) is 21011 yuan/ton. In addition, the devaluation of the RMB is also an important factor in the growth of China's textile and apparel exports in May.Although the first five months of China's textile and apparel exports to achieve year-on-year growth, but China's textile and apparel export enterprises are still facing the order transfer, textile and apparel raw material supply stability is difficult to ensure that business problems, the future of China's textile and apparel exports to maintain growth pressure."At present, the global textile industry pattern is in the stage of transfer to Southeast Asia, due to the domestic textile enterprises industrial chain conduction obstruction, textile and clothing supply efficiency decline, and along with Vietnam, India and other countries high-end clothing industry technology gradually mature, industrial transfer signs of acceleration, China's textile and clothing export competition is becoming increasingly fierce." Liu Jie said.According to Vietnamese media reports, in the first five months, Vietnam's textile and garment exports totaled $18.7 billion, up 23.5% over the same period in 2021, and enterprises have export orders scheduled until the end of the third quarter. Among them, Vietnamese textiles and garments have achieved considerable results in major markets such as the United States, Europe and Japan.At the same time, the impact of the higher cost of imported cotton, domestic textile enterprises, the stability of raw material supply is difficult to ensure that the operation of Chinese textile and apparel export enterprises again encountered difficulties. "The current international situation is changing rapidly, the global phenomenon of trade protectionism, some countries to raise commodity export tax rates, and even the implementation of commodity export ban, intensifying the global textile raw material shortage pattern, this practice not only raises the cost of imported cotton in China, and the stability of the textile industry chain supply has also been impacted." Liu Jie said.Some cotton spinning enterprises reflected that the export requirements of the restrictions, some textile and apparel export orders had to switch to the production of imported cotton, resulting in May-June pure U.S. cotton orders soared, but the U.S. cotton to the factory price of 24,000 yuan / ton or so, so high import costs, so that the use of imported cotton spinning enterprises profit margins shrunk significantly.Translated with www.DeepL.com/Translator (free version)