The Advantages And Disadvantages Of China'S Textile Industry

1. Favorable factors

(1) favorable policies

According to the world clothing shoes and hats net, in September 28, 2016, the Ministry of industry and Commerce issued the "

Industrial development plan (2016-2020 years).

According to the plan, we should focus on improving the quality and efficiency of development, and promote the structural reform of supply side as the main line.

Focusing on the strategy of "three products", enhancing industrial innovation ability, optimizing the industrial structure, promoting intelligent manufacturing and green manufacturing, forming new development kinetic energy, creating new competitive advantages, promoting the industry towards the middle and high end, and initially building a strong textile country.

The plan puts forward specific tasks from six aspects: enhancing industrial innovation capability, vigorously implementing the "three products" strategy, promoting textile intelligent manufacturing, accelerating the green development process, promoting coordinated regional development and enhancing the comprehensive strength of enterprises.

As a special plan for guiding the development of the textile industry in the "13th Five-Year" period, "planning" will promote the pformation and upgrading of the textile industry and create new competitive advantages.

(two) new mode of "Internet + textile"

According to the Ministry of Commerce, textile in 2016

E-commerce pactions totaled 4 trillion and 450 billion yuan, an increase of 20.27% over the previous year, accounting for 20.23% of the total e-commerce pactions in the country.

Among them, the volume of e-commerce pactions between textile and garment enterprises (B2B) was 3 trillion and 450 billion yuan, up 21.05%; the total retail sales of apparel home textiles amounted to 985 billion yuan, an increase of 18.53% over the same period last year, accounting for 23.51% of the total retail sales of physical commodities in the whole country.

The textile force composed of Alibaba, the global textile network and the B2B platform such as the grid has become an important driving force for the pformation and upgrading of the textile and garment industry. The "Internet plus textile" brings more convenience to the textile industry besides the paction process, more breaking through the original geographical restrictions, and combining the supply and demand of fabrics and garment factories in various parts of China, so as to solve the traditional problem of selling cloth and finding cloth.

(three) adjustment of regional industrial structure

The three strategic implementation of the "one - area road", the coordinated development of Beijing, Tianjin and Hebei and the Yangtze Economic Zone will provide new opportunities for promoting the coordinated development of the textile region.

The construction of the core area of the Silk Road Economic Belt in Xinjiang and the implementation of a series of policies to support Xinjiang's development of the textile and garment industry to promote employment will promote the development of Xinjiang's textile industry to a new level.

Pushing forward the construction of new urbanization, especially guiding the 100 million people in the Midwest to urbanization, will enhance the endogenous driving force of the development of the textile industry in the Midwest.

The adjustment of the global textile division system and the acceleration of the reform of the trade system will promote enterprises to make more effective use of the two markets and two resources, take the initiative to "go out", enhance the level of internationalization of the textile industry, and create a new prospect for the opening and development of the textile industry.

(four) brand building continues to advance.

During the "12th Five-Year" period, the brand awareness of the whole industry was further improved, and the industry brand cultivation management system and brand value evaluation system were initially formed.

China International Clothing and accessories fair, China Fashion Awards, China Fashion Week, clothing festivals and other activities have been held continuously. The research and release of fiber, fabric and home textiles fashion trends, and the "textile and garment industry annual brand development report" have been released, which has promoted the development of the industry brand.

At present, there are about 3500 clothing brands in the domestic market, and the whole industry has more than 300 well-known trademarks in China.

A group of clothing home textile brands set up design institutes and sales networks overseas, and Chinese designers are displaying and communicating on the international stage.

Apparel home textile online sales increased by an average of 40% over the year, and the rapid growth of e-commerce expanded the market influence of brand products.

Two, unfavorable factors

(1) cost advantage no longer

In recent years, the cost of China's textile industry has risen significantly, and the cost advantage is no longer.

China's textile industry is facing four high costs, first of all, labor costs.

With the demographic dividend of cheap labor in China far away, and the rise of textile industry in Southeast Asia and other places, the foreign environment has posed severe challenges to domestic textile enterprises.

In the developed countries' "re industrialization" and the acceleration of industrial development in developing countries, the labor cost advantages of developing countries in Asia and Africa are obvious, and the international comparative advantage of China's textile industry is weakening.

The following are: energy costs, pportation costs and environmental governance costs.

(two) export decline

In 2016, the total volume of textile and apparel trade in China was 290 billion 600 million US dollars, down 6.1% from the same period last year.

Among them, exports amounted to 267 billion 250 million US dollars, down 5.9% compared to the same period last year, and imports of US $23 billion 360 million, down 8.8% compared with the same period last year. The cumulative trade surplus was 243 billion 890 million US dollars, down 5.6% from the same period last year.

The main reasons for the decline in exports in 2016 were: the slow recovery of the main export markets, the weak external demand, the unstable external environment, the increasing uncertainties affecting exports, the continuous increase in the production costs of enterprises, the further weakening of traditional advantages, the shift in the share of China's products in major international markets, and the decline in the prices of export commodities.

(three) low end product overcapacity

Chinese textiles and clothing have always been exported at low price to occupy the international market. Although the export volume is large, the added value of the products is obviously lower.

At present, the effective supply of high-end products in China's textile industry is insufficient, and low-end products exist in stages and structural overcapacity.

It is estimated that the supply of textile industry will continue to eliminate backward production capacity, especially in the context of high labor costs, and the future survival space of low value-added products will be even more limited.

CIC's forecast of sales revenue for China's textile industry in 2017-2021 years

In 2016, the sales revenue of China's textile industry was 4 trillion and 86 billion 970 million yuan, an increase of 1.7% over the same period last year.

We expect that the sales revenue of China's textile industry will reach 41605 billion yuan in 2017, and the average annual compound growth rate will be 3.67% in the next five years (2017-2021). In 2021, the sales revenue of China's textile industry will reach 48064 billion yuan.

Total profit forecast of China's textile industry in 2017-2021 years

In 2016, the total profit of China's textile industry was 219 billion 410 million yuan, an increase of 1.2% over the same period last year.

We expect that the total profit of China's textile industry will reach 222 billion 700 million yuan in 2017, and the average annual compound growth rate will be 1.92% in the next five years (2017-2021), and the total profit of China's textile industry will reach 240 billion 300 million yuan in 2021.

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