European Debt Crisis Affects Small And Medium Sized Textile And Garment Enterprises
Europe is an important export destination for China's foreign trade enterprises.
As one of the important export industries, the export growth rate of textile and clothing products in Europe decreased significantly in 2011 1~9 months.
middle-sized and small
Spin
Clothing companies have already felt the impact of the European debt crisis.
The data show that the export growth of China's textile and garment products in 2010 was 28.95% in China and 5.38% in 2011 in 1~9 months.
In this regard, Zhu Qinghua, a light industry researcher at CIC, said that this shows that some of our textile enterprises have contracted orders, and the capital chain will be in trouble.
In the shadow of the European debt crisis, the official statistics of the Canton Fair, which ended in November 4th, showed that the turnover in the two quarter of spring and autumn was 74 billion 760 million US dollars, and the export volume of textile and clothing reached 3 billion 420 million US dollars, basically returning to 2007 level. The difference was that short-term orders accounted for 88%, showing a trend of rising.
On the one hand, because of the poor international economic environment, it has slowed down.
international
The pace of economic development, the lack of stimulating demand for foreign trade in clothing, has a direct impact on China's foreign trade sales volume. At the same time, the appreciation of the RMB exchange rate is strong, and the major garment enterprises are afraid to make a long list to avoid losses caused by exchange rate fluctuations.
Many small garment enterprises make foreign trade orders just to maintain the operation of factories, "do not seek money", but the current market situation makes these foreign trade enterprises at a loss.
However, the beginning of the pformation of domestic sales of foreign trade enterprises is extremely difficult for small and medium-sized enterprises.
As domestic sales need to be distributed to distributors, dealers will be dragging money in various ways in the face of bad sales.
Therefore, capital chain tension has become the biggest predicament of small and medium-sized textile and garment enterprises in the pformation of foreign trade.
And clothing enterprises require higher capital turnover rate. Shortening the recovery cycle as much as possible will revitalize the operation speed of enterprises and raise the level of enterprise revenue so as to ensure the good operation of enterprises.
From a financial perspective, developing new markets requires textiles.
clothing
A large number of capital operations are carried out by enterprises.
From the enterprise level, due to the credit crunch, the credit support of light industry continues to decline, resulting in some enterprises' capital chain more intense.
From all levels of analysis, small and medium-sized foreign trade garment enterprises will face challenges.
- Related reading
All Kinds Of "Shortage" -- How Do Enterprises Face More Times Of "Shortage"?
|2011 Jiaxing Knitting Equipment Exhibition - Boost Industrial Pformation And Upgrading
|- Fashion shoes | Air Max 270 React Shoes New Lake Water Green Color Release, A Strong Sense Of The Future
- Fashion brand | MEDICOM TOY X Sesame Street 2019 Joint Aymo BE@RBRICK Doll Opens Pre Sale
- Fashion brand | PSALTER Poetry 2020 Spring And Summer Milan Fashion Week, Exploring The Beauty Of Paper Dance
- Collocation | It Is Beautiful To Wear And Wear In Autumn.
- Management treasure | How Do You Manage Women'S Wear Franchises?
- Commercial treasure | Novice Business Women'S Clothing Stores To Get Goods Skills Must Pay Attention To These Places.
- Business School | What Brands Of Women'S Clothing Brands Do You Have?
- Fashion shoes | James'S Company Uninterrupted X Nike Joint Air Force 1 Shoes Release
- Industry Overview | China'S Domestic Textile Exports Grew Sharply In July, Reversing Negative Growth.
- Industry Overview | Waste Textiles Exceed 20 Million Tons Per Year, Recycling "Dig Treasure" To Break Through The Bottleneck Of Reuse.
- Craft Sweater Clothing Fashion "Tide" In Chenghai, Guangdong
- Quality Blacklist &Nbsp; Review The Quality Problem Of Children'S Clothing In 2011.
- Sino Italian Fashion Culture Exchange Montecatini Fashion Reception Held
- Taobao's Double 12 Promotions Triggered A 2 Fold Increase In Online Shopping Security Risk.
- Jordan IPO Passed Through &Nbsp; The Ding Family Became The Biggest Winner.
- Guangdong More Than 30% Underwear Unqualified &Nbsp; More Exaggerated Fiber Content
- 2011 Harbin Fashion Week Shows "International Fan"
- Natural Gas Stopped In The Textile Industry, Resulting In A Further Decline In Pakistan's Clothing Exports.
- Underwear Enterprises Do Promotions &Nbsp; Prevent Costs From Wasting Money.
- Luxury Websites Encounter Growth Bottlenecks: Venture Capital Favors &Nbsp; Bubble Looms.