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Analysis Of Import And Export Of Cotton Textiles In The First Half Of 2011

2011/8/23 10:28:00 44

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Cotton textile and clothing import and export growth continued to slow down

According to the data of the General Administration of customs, the total export volume of China's cotton textiles and clothing in 2011 1~6 amounted to US $42 billion 393 million, an increase of 21.72% over the same period last year, and a slowdown of 2 percentage points in June compared with the previous month. Cotton textiles and cotton garments respectively exported 132.20 and 29 billion 173 million US dollars respectively, up 25.87% and 19.93% compared with the same period last year. The growth rate slowed down 5 and 1 percentage points respectively in June compared with the previous month.

In terms of imports, 1~6 months 2011, China

cotton spinning

Fabric clothing imports totaled $3 billion 525 million, an increase of 17.31% over the same period, and a 2 percentage point slowdown in June compared with last month.

The total imports of cotton textiles and cotton garments were 28.64 and 662 million US dollars respectively, up 11% and 55.67% compared with the same period last year, slowing down 3 percentage points in June and 4 percentage points respectively.

From the export market of cotton textiles, ASEAN

Exit

The share has reached 20%, which has become the most important main market. The market share of both Hongkong and the US has declined. In Asian emerging markets, Vietnam, Bangladesh and South Korea share relatively fast growth; in other emerging markets, Turkey's market share has increased by 0.6 percentage points.

Import price of raw cotton rises, short staple export volume rises.

The number of imported raw cotton decreased year by year, and prices surged year by year.

According to the data of the General Administration of customs, China imported 1 million 325 thousand tons of raw cotton in 1~6 months in 2011, a decrease of 14.11% compared with the same period last year, with an average price of 3.04 US dollars / kg, an increase of 73.71% over the same period last year.

According to the latest data, as of July 31st, China's cotton imports totaled 2 million 370 thousand tons in the year of 2010/2011 cotton, an increase of nearly 5% over the previous year's cotton imports.

In the first half of this year, the United States still ranked 55% in the cotton import market. India ranked second in 25% place, and the rest in Uzbekistan, Australia and Benin.

Compared with 1~6 months in 2010, the change is more obvious since the United States.

Imported

The market share increased by 11 percentage points, and the share of imports from India and Uzbekistan dropped more. India was mainly due to policy restrictions, while Uzbekistan was related to the rapid growth of prices.

In the first half of the first quarter, when the international cotton resources were tight and cotton prices were running high, the government of India still maintained the policy of restricting cotton exports. In the three quarter, under the situation of domestic cotton being unsalable, the backlog of textile enterprises and the continuous decline of international cotton prices, the India government lifted relevant restrictions and resumed the export tax rebate policy, and the India government's intervention in the market had a negative impact on the normal import and export trade of the international market.

Chemical fiber staple is favored by the international market.

Chemical fiber staple is the main raw material of cotton textiles.

At present, China has become a major producer and exporter of raw materials for chemical fiber and short fiber. In 2011 1~6, China exported 604 thousand and 500 tons of chemical fiber staple fiber, an increase of 74.42% over the same period last year. The total export amount was 1 billion 210 million US dollars, up 123.63% over the same period last year, and the average export price was 2 US dollars / kg, up 28.21% over the same period last year.

Although export prices also increased by two digits over the same period last year, unlike cotton, the growth of the export volume of chemical fiber staple was mainly dependent.

Number

The pull of growth.

It can be seen that under the condition of fluctuating price of cotton raw materials, chemical fiber staple has played a great role in substitution.

Domestic demand for cotton yarn is large, and demand for short staple yarn is increasing internationally.

The trade volume of cotton yarn has decreased and trade volume has increased.

China's cotton yarn imports totaled 406 thousand and 800 tons in 2011, down 27.7% from the same period last year, and the average import price was 4.03 US dollars / kg, up 53.82% compared to the same period last year. The import amount was 1 billion 640 million US dollars, up 11.53% compared to the same period last year, with the increase of two digit price.

In terms of cotton yarn exports, the total export volume in the first half of this year was 238 thousand and 400 tons, down 20.17% from the same period last year, and the export average price was 5.95 US dollars / kg, up 50.63% over the same period last year.

increase

The export value of US $1 billion 120 million increased by 20.34% over the same period last year.

The trade deficit in the amount and amount of cotton yarn is 168 thousand and 400 tons and 220 million US dollars respectively.

China's imports of cotton yarns from three countries including Pakistan, India and Vietnam account for 33%, 10% and 10% of global imports respectively.

Among them, the imported yarns are mainly imported from Pakistan, and the low count yarn of Pakistan since late July.

Price

Even lower than China's domestic cotton prices, its low count pure cotton combed yarn varieties show strong international competitiveness.

According to the information provided by Korea textile association, the production of domestic yarn in Korea is basically combed yarn, mainly 20, 30, 40, and its domestic market price has dropped continuously in the past 3 months, or even larger than the domestic market price drop (see the official website of China Cotton Textile Industry Association).

In China, the proportion of pure cotton combed yarn is 62%.

The export volume, price and volume of chemical fiber staple yarn increased year by year.

In 2011, the total import volume, amount and price of 1~6 chemical fiber yarn were 55 thousand and 800 tons, 270 million US dollars and 3.77 US dollars / kg respectively, of which the number of imports increased by 10.52% over the same period last year, while the import value and import average price were all positive growth, which were 14.39% and 28.12% respectively. The trend of change was basically similar to that of cotton yarn.

The cumulative export volume, amount and price of 1~6 fiber yarns increased by 15.40%, 63.79% and 41.72%, respectively, reaching 313 thousand and 100 tons, 1 billion 500 million US dollars and 4.79 US dollars / kg respectively.

Visible, international market demand for chemical fiber staple yarn increased considerably.

There is a downward trend in the export volume of cotton fabrics.

Cumulative export of cotton fabrics in China in 1~6 month 2011

Number

3 billion 606 million meters, a year-on-year decrease of 1.98%; export amount of US $6 billion 490 million, an increase of 38.91% over the same period last year; export prices of US $1.80 / m, and 41.73% strong year-on-year growth contributed to the growth of the amount.

The total import volume of cotton fabrics in China was 365 million meters, a decrease of 8.23% compared with the same period last year. The total import value was 860 million US dollars, up 11.43% compared to the same period last year, and the import price was 2.36 US dollars / m, up 21.03% over the same period last year.

In the first half of the year, the total export volume of cotton fabrics was nearly ten times that of the import volume, and the average export price was about 76% of the import average price.

From the price point of view, the export of cotton fabrics in China still has much room for improvement.

In the main export markets of cotton fabrics in China, Vietnam, Bangladesh and China Hongkong are the top three, and the export market share accounts for 10%, 9% and 8% respectively.

Among them, Bangladesh and Hongkong, China

Exit

The average price is about 2.4 US dollars per meter, which is mainly due to the large amount of pure cotton fabric for its export, which accounts for 45% and 38% of the total cotton fabric, and the export of pure cotton fabric has increased by 43% and 37% respectively.

The proportion of pure cotton grey fabric exported to Vietnam has reached 63%, although the export price of pure cotton fabric has increased by 182% over the same period, but it is still only about half of the price of pure cotton yarn dyed fabric exported to Vietnam.

In the main import market of cotton fabrics in China, the share of Pakistan, China's Hongkong and Japan is larger than that of China's entrepot trade, which exceeds 10%.

Because of the different product structure imported from the three markets in China, the average import price is different.

Among them, more than 92% of cotton fabrics imported from Pakistan in China are pure cotton grey fabrics, so the average import price is low, but the annual growth rate is as high as 64%.

More than 50% of cotton fabrics imported from Hongkong are pure cotton dyed fabrics, and only 5% of pure cotton fabrics. Therefore, the average import price is slightly higher than that of Pakistan.

The proportion of pure cotton yarn dyed fabric and cotton blended yarn dyed fabric is about 30% of the product structure imported from Japan. The average unit price of imports is about 3 times that of Pakistan. The import quantity of pure cotton grey cloth accounts for only 3%, but its price is 3.5 times that of Hongkong.

Environment and situation

There are many uncertain factors in macro environment.

Since the spread of the European debt crisis,

US debt

The crisis followed, and after the US House of Representatives passed the solution to the US debt ceiling, the sovereign credit rating of the United States was lowered to "AA+" by the S & P, triggering the market's worries about the global economic prospect. In August 4th, the Japanese government intervened in the foreign exchange market to prevent the yen from rising, while announcing the expansion of the original monetary easing policy. At that time, the market was worried and upgraded to panic. With the crisis of the three big developed economies in Europe, the United States and Japan, the "two bottom" of the global economy came into being.

The central bank will increase its support for structural adjustment.

Meanwhile, the latest domestic economic data show that CPI rose 6.5% in July, a record high in 37 months, PPI rose 7.5% compared to the same period last year, and the PMI ratio fell 0.2 percentage points to 50.7, a 29 month low, and the trade surplus reached a 30 month high in that month.

Subsequently, the NDRC expects that the tail factor will decline rapidly in the second half of the year, and the overall price level will drop later in the year. In August 11th, the central parity of RMB against the US dollar will be 6.3991, and the exchange rate will be higher since August 12th.

In today's international financial environment is extremely unstable, the Chinese market is considered to be hot money and a large number of speculative funds to catch up, the pressure on inflation control is still very large, market confidence is still insufficient.

Industry development needs policy guarantee.

At present, the world

Economics

In a highly unstable environment, this state will be difficult to change in a certain period of time.

On the one hand, the factors that can be effectively regulated depend on the structural adjustment of the enterprises themselves. On the other hand, the government's macroeconomic regulation and control can not be separated from the government's policies to ensure the stability and continuity of the industrial policies, and continue to give support to the people's livelihood industry.