There has been a significant shift in mid- to low-end orders, and foreign trade marketing prices and volumes have risen
The foreign trade prosperity index in June 2012 closed at 1513.64 points, an increase of 1.76% from May, and a decrease of 13.04% from the same period last year; the foreign trade price index closed at 123.49 points, an increase of 1.36% from May, and a decrease of 9.78% from the same period last year. ; The foreign trade confidence index closed at 1022.08 points, down 2.73% from May.
The foreign trade prosperity index showed a slight upward trend in June 2012
The growth rate of the textile industry is still declining. In the first half of 2012, my country’s foreign trade companies encountered many difficulties, and the situation in the second half of the year still seems unclear. In 2012, as the European economy continues to decline and the U.S. economy continues to weaken, my country’s foreign trade exports will face more severe challenges. At present, the industry generally believes that 2012 will be the most difficult year since the financial crisis. The weak export trend may continue, and there may even be a trade deficit and an export cold wave. In 2012, the operation of China’s textile industry showed a trend of slowing down, the growth rate of main product output slowed down, the export volume of textiles and clothing showed negative growth, and the growth rate of industry profits fell back. The textile industry continues to face high external risks, and further improving risk control and response capabilities will be the top priority for China’s textile industry this year. In 2012, the growth of main operating indicators of China’s textile enterprises above designated size slowed down significantly, and production maintained low growth.
The shift in orders for mid- to low-end products is still evident. As the international market pressure remains high and domestic labor costs are high, most companies are experiencing labor shortages and wages have increased by more than 15%. Difficulties in recruiting, retaining, and improving workers’ living conditions have all caused a rigid upward trend in enterprise labor costs. As a result, some changes have occurred within the industry. Many international buyers have transferred textile and clothing orders to Southeast Asian countries such as Vietnam, Cambodia, and Bangladesh. However, this type of transfer is mainly for mass-market products, which is the large-scale production of mid- to low-end products. Due to the obvious increase in my country’s labor costs, the transfer of these orders to Southeast Asian countries is still relatively obvious.
Multiple factors restrict exports. In June this year, affected by the European debt crisis and the still-to-be-considered economic recovery of the United States, the situation in Europe and the United States was not optimistic, and the market still lacked confidence in the future international trade environment. The risk of exchange rate fluctuations that may arise from the appreciation of the RMB is also an important factor that currently prevents export companies from accepting large or long-term orders.
Shaoxing County’s international marketing continues to expand. Factors such as international market demand remaining weak, international buyers transferring some textile and apparel orders to Southeast Asian countries, and the appreciation of the RMB have brought certain difficulties to export enterprises in Shaoxing County. As the central bank lowered its benchmark interest rates for deposits and loans, the funding pressure on some companies has eased slightly. Due to product transformation and upgrading, the international marketing of creative fabrics continues to expand. In June this year, the overall foreign trade export situation of Shaoxing County continued to show a trend of growth against the trend, continuing to boost compared with May.
“Globalization” accelerates the expansion of export share. China Textile City’s “Globally Covered” series of docking activities have brought continuous customer resources to the market. Many companies are gradually shifting their exports from European and American markets to Asian, African, and Latin American markets. They use global marketing strategies to consolidate market share in ASEAN, the Middle East, Southeast Asia, South Africa, and West Africa, open up market share in Latin America such as Brazil and Mexico, and expand into Russia, Kazakhstan, etc. The share of emerging international markets and the export share of China Textile City have been partially expanded. The international logistics business of the supporting market warehousing and logistics center has grown rapidly, and its “inland direct customs clearance” has become the fastest-growing inland port in Zhejiang Province, boosting the market to expand its export share.
Exports of some textile products increased month-on-month. In this issue, the foreign trade prosperity index of linen and its blended fabrics, chemical staple fabrics, tufted fabrics, daily home textile fabrics, curtains, knitted crocheted fabrics and impregnated, coated and coated textiles increased in varying amounts, driving the overall The foreign trade prosperity index rose month-on-month.
The foreign trade price index showed a slight rebound trend in June 2012
The pace of transformation and upgrading has accelerated, and the added value of creative products has increased. The textile industry is a key traditional industry in my country. In order to promote the development of this industry in the new era of economic transformation, the “Twelfth Five-Year Plan” for the textile industry has put forward a series of specific requirements for the progress and upgrading of textile technology, equipment, standards and other aspects. Among them, the development requirements for textile machinery and equipment, textile industry informatization, etc. are undoubtedly instructive for related products and technologies in the upstream industry of automation. The pace of transformation and upgrading of many large-scale textile and garment enterprises in Shaoxing has accelerated. The export of creative products has expanded against the trend, and the added value of larger commercial products has been boosted, driving the foreign trade price index to rebound slightly.
The export unit price of creative products increased slightly. From a domestic perspective, the various production costs of textile and garment enterprises have shown a rigid upward trend, and the pressure they face continues to increase. As the prices of production factors such as labor and resource factors such as coal and electricity rise, coupled with the combined impact of RMB appreciation and other factors, the pressure can be imagined. The current European debt crisis has a great impact on textile and apparel companies, and the cost of raw materials is not as advantageous as that of some Southeast Asian countries. In response to the current severe export situation, foreign trade companies are looking for new stable markets and customers.As a matter of urgency. Many large-scale textile and garment enterprises in Shaoxing continue to explore emerging international market shares. The export unit price of marketable creative products has slightly increased, driving the foreign trade price index to rebound slightly.
The export unit prices of some textile products are showing an upward trend. In this issue, the foreign trade price index of cotton and its blended fabrics, linen and its blended fabrics, chemical staple fabrics, embroidery, curtains and impregnated, coated and coated textiles increased in varying degrees, driving the general foreign trade price index to rebound slightly. .
It is expected that the foreign trade prosperity index will rise slightly in July 2012. Affected by the general environment, many small, medium and micro foreign trade companies in the textile and garment industry are facing problems such as poor financing, high financing costs, and unstable order quantities. Especially export processing companies, with the expectation of RMB appreciation still existing, have weak ability to resist risks. It is more difficult for export-oriented processing enterprises to convert into brands. In the future, the textile industry must actively respond to market challenges. Large enterprises should transform from scale growth to efficiency growth, while small enterprises should adjust and transform in the direction of becoming more refined, stronger and specialized. In the future, competition in the textile industry will increasingly be reflected in the core competitiveness of the industry and the creativity of independent brands, which puts forward new requirements for the composition and quality of industrial elements. Innovative labor, creativity, and fashion orientation based on knowledge and technology will become An important aspect of whether China’s textile industry can gain the upper hand in the future.
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