The Advantages Of China'S Textile Industry Are Hard To Replace Easily.
Sun Ruizhe, vice president of China Textile Industry Association, said: the advantages of China's textile industry are hard to replace easily.
At the beginning of the new year, the controversy about the trend of textile and clothing export in 2009 came one after another. Insiders predict that "the negative growth of textile and garment export in the first half of 2009 has been a foregone conclusion". Many people in the industry agree with this view, and think that the export situation may improve in the second half of this year, but it also depends on how the economic stimulus policies adopted by the European and American countries work.
In January 13th, the General Administration of Customs announced the domestic import and export trade in 2008. In 2008, China's textile and apparel exports totaled 185 billion 165 million US dollars, and its growth rate dropped from 8.18% at the beginning of the year to 8.18%. Among them, the total export of textiles was 65 billion 375 million US dollars, the total export volume of clothing was 119 billion 790 million US dollars, the growth rate was 16.60% and 4.10% respectively. The growth rate of textile exports was 1.6 percentage points faster than that of 2007, while clothing products slowed down 16.80 percentage points.
Insiders pointed out that domestic textile and garment export growth showed a downward trend due to the reduction of external market demand. As the financial crisis has further depressed consumer demand in Europe, the United States and Japan, it is estimated that the external market will continue to decline in different degrees in 2009, and the negative growth of garment export in 2009 is a foregone conclusion.
When interpreting the economic situation of the spinning and clothing industry in 2009, Sun Ruizhe, vice president of the China Textile Industry Association, said that although the growth rate of textile and clothing exports in 2008 was falling, we should have a correct understanding of the real fundamentals of China's textile industry, grasp the trend of development of domestic and foreign textile industry and change of consumption demand, establish confidence and set up a development mode according to effective demand.
"China's textile industry should build up confidence," Sun Ruizhe pointed out. Since 1990s, China has maintained growth in the US and EU markets. There has not been a particularly big fluctuation, while some other suppliers have been undulating, especially India, Pakistan and so on. The European and American markets, which account for over 60% of the world's textile and apparel imports, have established a dependency on Chinese textiles and clothing, and this dependence will not be easily changed due to this economic crisis.
"The financial crisis has not changed the demand for people's necessities. The key is that the consumption structure has changed. This is something that needs to be studied." According to Sun Ruizhe analysis, the financial crisis has made significant changes in consumption habits and ways of purchase in these areas, reducing entertainment costs and being more sensitive to prices.
He believes that changes in consumption habits mean that the discount stores such as WAL-MART will benefit from the loss of department stores and high-end brand stores. This shift in consumption structure to low-end products may lead to a decline in consumption. But from another perspective, we can see that the suppliers of cheap products will become winners in the growth of sales volume and share a larger share of the market. Chinese products with high quality, low price and good quality should be good opportunities.
Zhang Bin, an analyst with state securities, said that the most critical factor affecting exports of textiles and clothing is the decline in demand in Europe and the United States. No matter the depreciation of RMB, the increase of export tax rebate rate or financial support, the biggest role is to maintain enterprise management and ensure employment.
Domestic policy adjustment can not change the downward trend of exports, and can not reverse the operational difficulties of export enterprises. Joint Securities researcher Wang Rong believes that since January 1, 2009, the abolition of China's 21 small textile category of the United States has a positive effect on improving textile exports, but eventually the domestic textile and garment exports can be warmer or depends on orders. The Canton Fair in April and May this year will be the focus of attention.
Many industry experts also believe that the situation in 2009 is grim and difficult, and it will face greater uncertainty. But the outlook is not bleak. Sun Ruizhe said that Asia, represented by China, occupies an important position in the global industrial layout. China's textile industry is hard to replace easily through the scale and supporting advantages of technological progress.
According to WTO data, Asia's trade volume with EU, North America, Middle East, Africa and Asia has been increasing continuously. Textile and garment producing countries and regions represented by China have been firmly in the global supply position, and the volume of intra EU trade and North American trade has gradually decreased. "The balance of the global textile and apparel market has been tilted to Asia." Sun Ruizhe said.
Editor: vivi
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