The Euro Crisis: China'S Textile Raw Materials Industry Faces Enormous Challenges

In 2008, the international financial turmoil just passed soon. In 2010 April, the unemployment rate of the United States increased again unexpectedly, and the European Union's sovereign debt crisis spread, which led to the euro crisis, which once again raised concerns in China's textile industry.

Europe is an important market for China's textile and clothing exports. Since the depreciation of the euro began in April, because the RMB is pegged to the US dollar's fixed exchange rate, the RMB has already appreciated 14% against the euro. But how big is this impact? We can make a simple analysis based on the data in 2009.

1. Manufacturing of textile, clothing, shoes and caps.

It is said that 33.14% of the external dependence of textile and clothing and footwear manufacturing industry is relatively reliable. The reason is that there are still some factors that need to be taken into account. Because our sales value is calculated at current price, that is, variable price, or spanaction price. As enterprises know, the price of foreign trade clothing is lower than the domestic sales price, which is due to the larger export volume and the lower cost of sales. Therefore, the selling price of the same commodity in the domestic market is higher than that of the export price. For some enterprises with brand as their own business, the selling price of the domestic market is much higher than that of the export price. Therefore, the dependence of output on foreign trade export is definitely greater than the dependence of the amount. It is estimated to be around 40%. However, due to the lack of data on the proportion of self-employed enterprises and other relevant data, it is difficult to quantify the impact.

According to the quantity, according to the data released by China National Bureau of statistics, in 2009, the enterprises in China above Designated Size completed 23 billion 750 million garments, and according to customs statistics, 25 billion 982 million pieces of clothing and accessories were exported in 2009. The export volume of customs statistics is higher than the annual output issued by the Statistics Bureau. Although the export volume of Customs Statistics and the output data of the Bureau of statistics may be different, it also shows from the side that the export dependence of the garment industry is more than 33.14% of our simple calculation from the quantitative perspective.

2. Textile industry

In addition to fabric direct export, part of the fabric sold in the textile industry should also be made into garments and other end products for the two export. Therefore, the export dependency ratio of the textile industry should be:

3, chemical fiber

Similarly, due to the direct export of chemical fiber, the two export of fabric level and the three export of garment level, its export dependence is 48.08%.

Chemical fiber export dependence = "direct dependence of chemical fiber exports + chemical fiber indirect export dependence" =48.08%

4. Textile machinery

Textile machinery may be one of the least dependent industries in overseas markets, and its dependence on foreign trade is only 7.12%.

Two. The proportion of European market in textile and clothing exports

Because the EU is mainly the terminal consumer market of China's textile and clothing, we mainly analyze the data of clothing, home textiles and industrial use.

According to the statistics released by the Statistics Center of China Textile Industry Association, in 2009, China exported $107 billion to the world and exported about 28 billion 409 million US dollars to Europe, accounting for about 26.5% of the total exports of clothing.

The export of home textile industry is less dependent on the European Union. According to the data released by the Statistics Center of the China Textile Industry Association, in 2009, China exported $3 billion 380 million to the EU's household textile products, accounting for about 17.91% of the total exports of home textiles.

According to the 2009 export data of industrial textiles issued by "warp knitting decision reference", the proportion of EU in the industrial textiles market is about 14%. In 2009, the total value of exports of industrial textiles to the EU totaled 584 million US dollars, down 35.1% from the same period last year.

Three, the impact of the euro crisis on China's textile industry.

Taken together, China's textile and garment industry's dependence on exports is between 30%-40%. In the export of China's textile and clothing products, the export to European markets is different from each other. The clothing industry is relatively high, and the industry is relatively low. Basically, it is between 10%-30%. The combined effect is not more than 9%, so there is no need to overlook the adverse effects of the euro crisis.

But for some European market oriented industrial clusters and enterprises, the impact will be considerable. It is a question whether the European companies can accept the passive price increase, and whether the euro will continue to depreciate is also a problem. For these enterprises, local governments should actively help them overcome difficulties and guide them to diversify their ways and reduce their dependence on a certain market. In particular, enterprises should be guided to develop and utilize overseas markets on the basis of domestic market and to follow a scientific and sustainable development mode.