China'S Knitting Industry: "Big Business" Is Becoming More And More Obvious

Over the past 10 years, China's knitting industry has achieved rapid development, technological and product development has made considerable progress, labor productivity has improved significantly, and domestic and foreign market development has achieved remarkable results, and the industry structure has been further optimized.

In 2011, the overall operation of the whole industry was stable, and the total industrial output value, main business income, production and sales and other indicators maintained a relatively rapid growth, while the growth rate slowed down significantly.

China's (above scale) knitting industry achieved a gross industrial product (current price) of 598 billion 161 million yuan, an increase of 20.81% over the same period last year, and sales output value totaled 583 billion 698 million yuan, an increase of 21.72% over the same period last year, all over 5 times higher than in 2003.

In the fast developing China

In China, the knitting industry has always maintained growth momentum, and its output occupies half of the total garment output.

During the "11th Five-Year" period, the total amount of fiber processing in the knitting industry amounted to 13 million 500 thousand tons, accounting for about 1/3 of the total textile processing industry in the whole country. Generally speaking, knitting has reached the scale of "three parts of the textile industry, one of the world".

Knitted garments account for 55% of clothing output value, knitwear accounts for 15% of household textiles, accounting for 20% of industrial textiles.

Total output value, sales value and total profit doubled.

In 2003, the total output value of the knitting industry was 103 billion 938 million yuan, an increase of 21.53% over the same period last year, and the sales output value was 101 billion 359 million yuan, an increase of 22.39% over the same period last year. The value of export delivery was 51 billion 278 million yuan, an increase of 23.40% over the same period last year, and the total profit was 3 billion 648 million yuan, up 22.22% over the same period last year.

In 2011, China's (above scale) knitting industry achieved a gross industrial product (current price) of 598 billion 161 million yuan, an increase of 20.81% over the same period last year, and a total sales value of 583 billion 698 million yuan, an increase of 21.72% over the same period last year, which was 5 times higher than that in 2003. The total output of knitted garments was 12 billion 109 million, an increase of 6.13% over the same period in 2010.

According to the statistics of the National Bureau of statistics, the total industrial output value of knitting enterprises above Designated Size in 2010 was 470 billion 400 million yuan, the sales value was 456 billion 100 million yuan, and the total profit was 19 billion 600 million yuan, which was double that of 2005.

According to customs statistics, the export amount of knitted garments and accessories reached US $66 billion 717 million in 2010, double that of 2005.

The labor productivity of the knitting industry has increased rapidly, thanks to the substantial improvement of the technical and equipment level in the knitting industry.

China has introduced a large number of advanced knitted equipment and made in China.

The level has also improved, strongly supporting the technological progress of the knitting industry.

According to customs statistics, the import and export amount of knitting machinery has accounted for about 30% of the total import and export volume of textile machinery in recent years.

During the "11th Five-Year" period, the output and export volume of woven garments above designated size were lower than that of knitted garments.

From the trend, the substitution ability of weaving to the knitting industry has gradually weakened.

Knitting for Enterprises above Designated Size

The proportion of output to total clothing output increased year by year, from 51.79% in 2005 to 57.56% in 2010.

The main production areas of knitted garments in China are concentrated in five provinces in eastern Guangdong, Zhejiang and Shandong provinces. The output of five provinces accounts for more than 80%, and Guangdong province ranks first in the country with absolute superiority.

In recent years, with the adjustment of industrial structure, the pfer of industries to the central and western regions has accelerated. The pace of knitting clothing production in the central and western regions has gradually accelerated, and the proportion of the five eastern provinces has been decreasing year by year.

By the end of 2010, the number of Enterprises above Designated Size in the knitting industry reached 8026, accounting for 14.5% of the textile industry, an increase of 45.2% compared with 2005. In 2010, the average number of employees in all industries above Designated Size reached 1 million 395 thousand, accounting for 12.5% of the textile industry, an increase of 12.9% over 2005.

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Significant changes in the proportion of domestic and foreign sales

In the past 10 years, the proportion of domestic and foreign sales of knitting industry has changed significantly, and the market structure adjustment has been the first to take place in the textile industry.

It is estimated that the proportion of knitting products exported (in terms of amount) accounted for about 70% in 2005 and 45% in 2010.

In 2011, China's knitted apparel and accessories exports totaled $80 billion 168 million, an increase of 20.17% over the previous year, and 20 billion 761 million of knitted apparel exports, down 0.43% from the same period last year.

This is the result of implementing the 3 year adjustment program of the textile industry, actively expanding the domestic market and meeting the domestic consumption demand.

The amount of fiber used for knitting export has been greatly increased.

In 2010, the amount of knitted fiber reached 8 million 140 thousand tons, accounting for 60% of the 13 million 500 thousand tons of fiber consumption in the knitting industry, an increase of 56.8% over 2005.

The total export volume of the main products of the knitting industry has doubled. In 2010, the export amount of knitted garments and accessories reached US $66 billion 717 million, an increase of US $30 billion 971 million compared with 2005, an increase of 117.32%, and the export amount of knitted fabrics reached US $8 billion 668 million, an increase of 137.35% over 2005.

In the past 10 years, the domestic sales of knitwear increased obviously, and the proportion of domestic sales continued to expand.

In 2011, enterprises above Designated Size realized domestic output value of 378 billion 927 million yuan, accounting for 64.92% of the total sales value of the whole industry, an increase of 27.23% over the same period last year.

From 2005 to 2010, the proportion of domestic sales increased from 52.18% to 65.05%.

The urban domestic market is mainly shopping malls, supermarket chains, franchised stores and so on. It is noteworthy that the professional market facing basic consumers has played an extremely important role in expanding domestic demand.

The trend of differentiation, big enterprise and cluster is obvious.

In the past 10 years, the product development cycle of popular brands such as H&M and ZARA in developed countries was short, the varieties were refurbished quickly, the competitive advantage of products in the high-end market was obvious, and there was a certain degree of customer loyalty and brand credibility in the knitwear market in China.

The competition of knitting industry in China is fierce. With the differentiation of market, the competition among enterprises is gradually changing from cost strategy to differentiation strategy.

The trend of "big business" in China's knitting industry is obvious.

The indexes such as profitability, operation ability and management level of the enterprises above Designated Size in the knitting industry have significantly improved, and great breakthroughs have been made in technology and standards.

During the "11th Five-Year" period, 22 scientific and technological achievements in the industry were awarded the national science and technology award, among which 2 were awarded the first prize of the national science and technology progress award, 36 were the industry standard, and 29 brands and 29 brands were awarded the title of "China famous brand" in the whole industry.

The clustering of knitting industry in China has become a trend, and the knitting industry cluster is developing vigorously.

By the end of 2010, there were 175 industrial clusters in China's Textile Industry Federation, among which 33 were knitted industrial clusters, accounting for 18.9%.

The clustering of knitting industry has a significant agglomeration effect. To a certain degree, agglomeration is conducive to cultivating and supporting the dominant brand enterprises, enhancing enterprise strength, promoting the rapid development of the industry and upgrading the regional brand.

In 2012, despite the problems of high cost and complex market environment, the overall performance of the knitting industry will be lower than before, and it will be better than last year.

The knitting industry will focus on market demand, from the perspective of low carbon, environmental protection and resource optimization, focusing on improving labor productivity and industrial competitiveness, and promoting the upgrading of industry from quantity, growth and quality to 4 aspects: technology, brand, talent and sustainable development.