Why Textile And Clothing Exports Have Declined?

Recently, the price of international cotton market has been rising. The price of China's cotton market has remained stable, and the volume of textile exports has declined rapidly.

According to the data released by the General Administration of customs, export of textiles and garments was 10 billion 880 million US dollars in February, down 34%.

Among them, textile exports amounted to 4 billion 220 million US dollars, down 28.4%, and clothing exports 6 billion 660 million US dollars, down 37.1%.

1~2 months, textile and apparel exports totaled 39 billion 490 million US dollars, down 4%.

Textile exports amounted to 14 billion 750 million US dollars, down 2.1%.

Exports of US $24 billion 740 million decreased by 5.2%.

Insiders said that the decline in textile exports was mainly due to factors such as sluggish external demand, slowing domestic demand and increasing domestic and foreign cotton price differentials.

Imports reduce export decline

According to statistics from the General Administration of customs, China imported 246 thousand tons of cotton in February, a decrease of 133 thousand tons compared with the same period last year, a decrease of 35%. In 1~2 months, China imported 539 thousand tons of cotton, a decrease of 297 thousand tons compared with that of the previous year, a decrease of 35.5%.

It is understood that in February, the average monthly price of 32 Cotton Combed Yarns was 25538 yuan / ton, down 23 yuan / ton compared with January, or 0.1%, and the average monthly price of polyester staple fiber was 9403 yuan / ton, compared with January, it fell 171 yuan / ton, or 1.8%.

In addition, according to the National Bureau of statistics, China's yarn production was 5 million 152 thousand tons in 1~2 months, an increase of 5.3% over the same period last year.

In 2013, China's yarn output was 18 million 502 thousand tons, an increase of 6.4% over the same period last year.

According to the General Administration of customs statistics, in February, China's textile and clothing exports were 10 billion 870 million US dollars, down 34% compared to the same period last year. In 1-2 months, textile and garment exports were 39 billion 490 million US dollars, down 4.1% from the same period last year.

In 2013, China's textile and apparel exports totaled US $140 billion 620 million, an increase of 4.8% over the same period last year.

For our country

The rapid decline of exports of goods, the industry believes that this is closely related to the slow down of market demand, and constantly rising domestic and foreign cotton prices also restrict the rise of China's textile exports.

International cotton prices continue to rise

Although the export volume of cotton in China is declining rapidly, the US cotton export volume remains strong and has raised the price of cotton in the international market.

It is understood that in February, the price of China's main port on the coast of imported cotton was calculated to be 15099 yuan / ton at 1% tariffs, up 405 yuan / ton compared with January, or 2.8%, and 15877 yuan / ton according to sliding tax, up 298 yuan / ton compared with January, or 1.9%.

New York cotton futures contract settlement price in March was 86.84 cents / pound, up 1.97 cents / pound compared with February, or 2.3%.

In this regard, analysts said that the recent rise in international cotton prices, mainly by the international textile enterprises to replenishment of inventory and the expected decline in the global cotton planting area and other factors.

Textile enterprises desire to buy cotton is not strong.

Over the past few years, the domestic textile market has continued the cold market, and some textile enterprises have greater pressure to withdraw funds. Most large and medium-sized enterprises have enough industrial stocks, and the desire of cotton enterprises to buy cotton is generally not strong, and domestic cotton spot prices are basically stabilized.

According to the national cotton market monitoring system, as of the end of February, the national cotton sale rate (accounted for the proportion of picking) was 96.7%, the cotton processing enterprise's new cotton processing rate (accounted for the proportion of sales) was 98.9%, which was basically the same as last year; the sales rate of new cotton (accounted for the proportion of processed products, including storage) was 94.6%, up 0.6 percentage points from the same period last year.

Among them, the sale and processing of new cotton in Xinjiang was basically completed, with a sales rate of 98.4%, an acceleration of 3.2 percentage points over the same period.

Reporters learned that in February, the average price of seed cotton purchase in the mainland was 4.26 yuan / Jin, up 0.05 yuan / Jin compared with January, or 1.2%, and the average price of seed cotton purchase in Xinjiang was 4.11 yuan / Jin, which was unchanged from January.

The average selling price of the standard grade lint in the mainland was 19349 yuan / ton, down 28 yuan / ton compared with January, or 0.1%, and the average price of Xinjiang standard lint sale was 19862 yuan / ton, which was unchanged from January.

Zhengzhou cotton futures contract settlement price of 19783 yuan / ton in recent months, up 297 yuan / ton, or 1.5%, compared with January.

Trading market electronic matching pactions in recent months the average contract price of 19146 yuan / ton, compared with January rose 199 yuan / ton, or 1.1%.

In addition, in February 17th, the temporary purchase and storage of 2013 was restored to the warehouse after the Spring Festival.

As of the end of February, the total volume of storage and storage in the 2013 year was 5 million 924 thousand tons, of which 1 million 996 thousand tons were traded in the mainland, and 3 million 928 thousand tons in Xinjiang, and 594 thousand tons of cotton reserves were put into operation.