Textile And Garment Market: Import Volume And Price Decline Result In Negative Import Growth

China's textile and apparel industry has entered a period of great development and great adjustment.

Due to the low base, it is expected that China's textile and garment exports will not rebound rapidly in 2017, nor will it fall sharply, which will be basically flat or small growth in 2016.

The export volume of textiles and clothing in more than 8 provinces and cities decreased, and the eastern provinces and cities all declined, the average decline was 4.8% over the same period last year, which was better than the average. The central region showed a good performance, an average decline of 3.1% over the same period, of which Hunan's exports grew by 35% over the same period last year, while the western region dropped the fastest year by year, with a drop of 19.6%.

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Zhejiang, Guangdong, Jiangsu, Fujian and Shandong ranked 5.9%, 3.5%, 0.6%, 8.2% and 1.8%, respectively, among the top 5 provinces and municipalities.

As a "frontier" area, the Xinjiang Uygur Autonomous Region relies on its geopolitical advantages and advantages in cotton resources to build the largest cotton production base and important textile production base in China. Under the support of national policies, it actively inviting and attracting investment and gradually making the major garment industry.

In 2016, the export of textiles and garments in Xinjiang was unique. Its export volume reached US $5 billion 240 million, ranking eighth in the whole country, an increase of 16.2% over the same period last year, of which clothing grew by 19.5% over the same period last year.

China's textile and clothing imports have declined for 3 consecutive years, and the decline is expanding year by year.

In 2016, the import volume of textiles and clothing decreased by 8.8% compared with the same period last year, of which 12.1% of textiles and 0.9% of clothing increased by a slight margin.

From the analysis of volume and price index, the textile import volume index is 88.6, clothing is 113.1, textile import price index is 99.2, clothing is 89.2.

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The decline in imports was mainly caused by the decline in imports, while clothing was mainly affected by falling prices.

Yarn is the main commodity.

The import volume dropped by a large margin, of which cotton yarn was 16% fast falling; the import of needle woven garments increased by 5.7%, and the import unit price dropped by 3.9%.

In recent years, import prices of other categories of commodities have dropped significantly except for fabrics. From 2012 to 2016, yarn import prices had fallen by 18.5%, while needle woven garments had dropped by 34.9%, of which knitted garments had dropped by 18.1%, and tatting garments had slowed down faster, reaching 46%.

At present, the global economy is still at a low level, the weak situation is difficult to improve in the short term, the possibility of rapid recovery of the main export market is low, and the domestic economy is entering the L low growth interval, and GDP is expected to slow down to 6.5%.

At the same time, the increase of cost of production factors and the acceleration of order pfer will continue.

In the new year, changes in the political, economic, social and other aspects will become a new normal and challenge the export growth.

Despite many unfavorable conditions, it is not necessary to be too pessimistic about the export of textiles and garments in 2017.

2017 is an important year for the implementation of all favorable policies in 13th Five-Year. With the deepening of the supply side reform and the acceleration of the pformation and upgrading of enterprises, the structure of foreign trade will be further optimized; the advantages of large industrial clusters will become increasingly evident; the measures to encourage "going global" and other measures will be implemented step by step, and the global layout capability of enterprises will be further improved.

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