Textile And Garment Industry Recovers In 2013

After last year's "cold spell", China Spin Exports of goods showed marked signs of recovery this year. Textile raw materials Export growth of products and textile machinery all showed a recovery growth. The latest figures released by the General Administration of Customs show that from 1 to October, China's total exports of textiles, yarns, fabrics and products amounted to US $87 billion 759 million, an increase of 11% compared with the same period last year. clothing And clothing accessories value of $145 billion 801 million, an increase of 11.5% over the same period.

Equipment manufacturers on textiles Clothing industry The warmer feeling is the most direct. ZOJE sewing machine Limited by Share Ltd, the world's largest industrial sewing machine manufacturer, announced its exclusive sponsorship of the tenth to 15 annual awards for Chinese clothing brands in Beijing yesterday. Cai Kaijian, chairman of the board of directors of ZOJE holding group, told reporters that as the textile and garment industry began to warm up, ZOJE's sales of equipment were very stable this year, and there was no stock in the three quarter. "Clothing business is a barometer of China's economy. In 2007 and 2011, sales of ZOJE had declined. At the worst time, sales of ZOJE shares had fallen by 20%. But this year's products are selling very well. The three quarterly report released by the sewing machine company showed that the company achieved operating income of 899 million yuan in the first three quarters of this year, an increase of 27% over the same period last year, and realized a net profit of 26 million 30 thousand yuan, representing an increase of 108% over the same period.

Feng Dehu, vice president of the China Garment Association, told reporters that the high storage condition of the clothing industry has improved this year. "As far as I know, most of the enterprises' inventory conditions are better than last year." Industry analysts pointed out that textile and apparel industry is a very important cyclical industry. As the global economic environment gradually rises from the trough, the overall market of textile and clothing will gradually warm up.

Although textile exports showed marked signs of recovery this year, they still faced pressure from rising raw material and labor costs and the rapid appreciation of the renminbi affecting the export profits of the textile industry. Feng Dehu told reporters that textile and garment enterprises are accelerating transformation. Apart from improving the added value of products, the factory has shifted to factories in the central and western cities and Southeast Asia where labor costs are relatively low. "Up to now, one thousand Chinese enterprises have set up factories in Southeast Asia because they are not only labor force. Low cost And export to European and American countries is exempt from export tariffs. "