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China Will Lose Its Dominant Position In Clothing Production

2011/9/22 9:48:00 30

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China's textile industry and

Clothing industry

People are worried that the future textile and clothing will lose their competitiveness and profits will be greatly reduced.

The Chinese government is unlikely to introduce relevant measures to promote the development of textiles and clothing, so the trend is inevitable.

textile industry

Analyst Li Fuyang said: "current

Economics

The focus of the policy is on the production and R & D of high-end clothing and products, and many companies are beginning to shift this aspect.

And the low end of the basic clothing production began to be ignored, because the added value is not high.

At present, the cost of raw materials and labor in the Chinese market has been greatly improved, and many buyers seeking low prices have made many manufacturers in the PRD shut down.

The current situation is that these factories begin to pfer to inland cities and the west, but this will inevitably bring about the increase of pportation costs.

Li Fuyang said: "if the government does not introduce any new policies, the industry is likely to disappear in less than 10 years."

Rick Helfenbein, President of Luen Thai USA, said he still believed that China would be the biggest clothing manufacturer, but his company had already started buying clothes from other countries.

China's reduction in this market is a great benefit to other countries, and some countries in Vietnam and the western hemisphere will benefit a lot from it.

Over the past 12 months, China's share of clothing imports in the US market has dropped by 40.8%, while exports from Philippines, Indonesia and other countries are clearly showing signs of rising.

In July, Vietnam.

clothing

Exports rose by 6.6% to $267000000, and Kevin Burke, director of the clothing and Footwear Association of the United States, said he had come into contact with many business from the Western Hemisphere, especially those countries that had signed free trade agreements, such as Honduras, Dominica and so on.

Burke said companies like VF Corp, Hanesbrands, Levi Strauss&Co. and other companies began to seek new sourcing channels in these countries.

And some high-end clothing, especially wool products and other manufacturers began to produce in the United States, in August the number of American apparel industry increased by 1100 people.

For these manufacturers, the production of clothing in the United States is more efficient than overseas production. Many people reduce their costs by placing orders at the end of the season.