The Trend Of Overseas Epidemic Situation Continues, And The Export Pressure Of Textiles And Clothing Is Not Reduced

In the first seven months of this year, China's textile and clothing exports increased year on year. Despite this, industry analysts believe that, in view of the overseas epidemic situation is still continuing, textile and clothing exports will still face greater pressure.

According to customs data, in July, China's exports of textiles and clothing amounted to US $31.294 billion, up 16.1% year-on-year and 7.79% month on month. In the first seven months, China's textile and clothing exports reached 156.482 billion US dollars, up 5.57% year-on-year.

Zhang Jie, an analyst at jinlianchuang Chemical Fiber Co., Ltd., said that global economic production activities gradually returned to normal, enterprises returned to work and production, and people's consumption gradually recovered. The concept of consumption shifted from necessities to optional consumption. The purchasing demand for clothing in major global markets began to rise, and the clothing export tended to turn better, and the decline rate was significantly narrower than that in the earlier period.

Due to the impact of the epidemic, although China's textile exports fell sharply in the first quarter, the volume of China's textile and clothing exports began to grow steadily since April. "The sustained rebound in exports is mainly due to enterprises' early orders in hand entering the execution peak. At the same time, the surge in the export of epidemic prevention materials has also led to the recovery of exports to a certain extent. " Zhang Jie said that from April to July, textile and clothing exports achieved growth for four consecutive months. Textile and clothing exports continue to show a trend of polarization. Driven by the rapid growth of the export of epidemic prevention materials, the export amount of textiles has reached the highest level in the same period of history.

"The export of traditional clothing and clothing accessories is still in a decline channel year-on-year, mainly due to the slow return of foreign trade orders, the deepening of the domestic market in the off-season, the light turnover of traditional clothing and clothing accessories market, and some enterprises continue to accelerate the transformation and production of medical textiles." Zhuo Chuang information analyst Liu Jie said. According to Zhuo Chuang information, a large-scale cotton textile enterprise in Liaocheng, Shandong Province has launched a new non-woven fabric project, and textile exports of masks and protective clothing continue to increase in volume. However, due to the rapid expansion of production capacity, mask production has begun to lose money, and some mask production equipment has stopped production.

Analysts believe that the epidemic situation has left the entire textile and garment industry chain in a cycle of severe demand weakness and overcapacity. If the market wants to get better, it still depends on the demand of the clothing industry. "Domestic textile and clothing demand is relatively weak, and overseas demand is difficult to improve significantly. Recently, the epidemic situation of new crown overseas has continued to spread. Although some countries in the world began to open up gradually after May and the economy has gradually recovered, the resumption of work does not mean the resumption of production. People's income has shrunk, and it will be a long time before consumption gets better. " Zhang Jie said.

At the same time, with the unsealing of European and North American societies and increasing activities, ports in these regions are facing more and more traffic congestion. If the congestion is not alleviated, foreign trade exporters may have to pay extra congestion charges in addition to freight charges.

"Under the influence of global unilateralism and industrial transfer, China's textile and garment products' share in the market of major developed countries continues to decline. In the past year, the proportion of clothing imported from China by the EU, the United States and Japan has decreased by 1.15, 1.46 and 3.11 percentage points respectively. Meanwhile, the clothing imports from Vietnam and Bangladesh showed double-digit growth, and their market share increased respectively Add 1.53, 1.41 and 1.63 percentage points. " Zhang Jie said that China's textile and clothing market share in Europe, the United States, Japan and other traditional export markets is being replaced by competitors such as ASEAN, India and Bangladesh.

Liu Jie believes that with the arrival of the "golden nine silver ten" traditional peak season, domestic demand or slow start, foreign trade orders return speed is also expected to accelerate.