Investment Analysis Of Textile And Garment Industry In The Next Five Years

Since 2009, under the support of a series of macroeconomic policies and measures such as "expanding domestic demand, ensuring growth, adjusting structure and emphasizing people's livelihood", China's textile industry has shown a good situation of steady recovery and gradual development.

In the first half of 2010, the production and operation of the textile industry was stable, and continued to show a good situation of stabilizing and improving. Production steadily rebounded, export growth accelerated, production and marketing basically balanced, and efficiency increased significantly.

In April 2010, the added value of the textile industry increased by 12.2% over the same period last year, down 0.9 percentage points from the previous month, and the value of export delivery increased by 17.8%, up 4.5 percentage points from last month. The output of yarn, cloth and clothing increased by 16.6%, 17.9% and 16.1%, respectively, and the chemical fiber increased 13.9%.

In 1-4 months, the added value of the textile industry increased by 13.1%, an increase of 6.5 percentage points compared to the same period of last year, and the value of delivery increased by 14.8% over the same period last year, an increase of 5.2% over the same period in 2008. The main products of the textile industry increased by 18.7%, 17.8% and 9.5% respectively, and the growth of chemical fiber increased 18.6%.

Domestic cotton prices continue to maintain an upward trend.

In April, the domestic cotton price index (level 328) price was 16456 yuan / ton, up 373 yuan / ton from last month, up 29.4% compared to the same period last year.

Polyester chip, polyester staple fiber and polyester filament price rebounded, up 300 yuan / ton, 220 yuan / ton and 600 yuan / ton respectively than the end of last month.

1-4 months, imports of cotton 1 million 170 thousand tons, an increase of 1.82 times compared with the same period, the average price of imports 1730 U.S. dollars / ton, an increase of 34% over the same period.

In 2010, with the gradual improvement of demand in the international market, the export of China's textile industry will end its downward trend since the financial crisis and gradually resume growth, but the growth rate will be significantly lower than the level before the crisis. It is estimated that the annual export growth will be about 4%.

In recent years, along with the steady development of the national economy and the continuous improvement of the living standard of urban and rural residents, our domestic demand market is becoming more and more active, especially supporting the textile industry.

In 2010, China's macro-economy will continue to pick up. With the steady employment situation in China, the market confidence is improved, the living standard of residents continues to improve, and the market demand for clothing consumer goods will maintain steady growth.

At the same time, the national expansion of domestic demand will continue in 2010. In order to further improve people's livelihood, the state's investment in agriculture, rural areas, affordable housing and automobile consumption will also continue to increase. This will provide broader market space for household textiles and industrial textiles.

In 2010, China's textile and clothing domestic demand will continue to grow steadily since 2009, and the growth rate is expected to be further improved than in 2009, and the domestic share of the industry will stabilize at around 80%.

Although the textile industry is still facing a series of uncertainties in 2010, export growth is still hard to come back to a higher level. However, the domestic demand market will play a significant role in promoting the economic growth of the industry, and the textile industry will continue to recover steadily under the condition that the international trade environment remains basically stable.

It is estimated that the total industrial output value and total profit will reach two digit growth in 2010.