Textile industry dynamics

According to Customs, the cumulative export volume of my country’s textile apparel is $ 227.594 billion, a year-on-year increase of 5.47%, of which the cumulative export of textiles is 10.5179 billion US dollars, down 10.83% year-on-year; cost-effective export value is 12.2415 billion US dollars, A year-on-year increase of 25.13%.
The part of the growth is the textile industry in Southeast Asian countries in India, because the epidemic is hit hard, and there is a large number of orders to return China.
In response to the market situation after November, it is understood that textile enterprises and cloth mills cannot express optimism. The current enterprise reflects the general less least, some reason is that the pre-transfer of orders caused by the global supply and demolition mismatch and logistics barrier caused by the epidemic, with the replenishment of overseas India, Vietnam and other traditional textile processing bases, will also deliver A potential demand. Indeed, such a thing is quiet!
European and American orders continue
Indian home textile has an increase of 4%
November 1, 2021 India rating agencies CRISIL said that India’s household textile exports will increase 20% in the 202nd-23, and the global market share will be further improved. According to analytical data, India’s main home textile export share comes from the US home retail industry, which accounts for 55% of the total exports in the Indian home textile industry. In addition, from January to August 2021, India imported cotton sheets and towels in the United States increased significantly to 51%, reaching the peak in the past two years, and China’s share of 20% by 20% from 2020 to 16%.
The report analysis pointed out that the main influencing factors of the growth of Indian household textile exports are: 1. The epidemic is good, and the export volume is increased. 2. The traditional festivals in the United States and Europe, the retail sales increase. 3. The global procurement strategy is gradually transferring from China, and the local share is increased.
The growth of India’s home textile exports is also closely related to the recovery of overall exports of India. According to the initial data of the US Department of Commerce, India’s total product exports in October reached 35.47 billion US dollars, an increase of 42% year-on-year, an increase of 35% compared to the same period in 2019, an increase of 6.07%. The exports of cotton yarn, fabric and household textiles in October 2021 reached 1.33 billion US dollars, an increase of 46% year-on-year, an increase of 1.53% from the previous month. The export of garments reached 1250 million US dollars, an increase of 6% year-on-year, down 3.85% from the previous month. In the first quarter of the fiscal year, the average capacity utilization rate of three large bed textile companies was 87%, an increase of 19% year-on-year.
Overseas orders are difficult to improve
Weaving selection “lying flat”, the polyester is worried later
In November, the polyester filament promotion twice, the second time, the price reduction rather than the result of the promotion, the discount is canceled, the price reduction has reached 600 yuan / ton, but the production and sales have never seen it, only only 88.8%, and this is also based on the current rebound on the downstream load. After the price reduction promotion, the production and sales is more cold than the past, only 20.5%, downstream users have begun to go to pessimism.
At present, the polyester end is overall, while the profit of the weaving end has compressed. The polyester terminal weaving is about to enter the off season, but the current terminal order is improved by the double eleven effect, and there is still a short-term support, but the post order is still less, especially overseas orders have not improved, and the overall downstream terminal demand support is still weak. When the end demand is weak, the production and sales continue to be weak, the polyester link achieves the purpose of the stock inventory through the price reduction promotion, and the short-term promotion is short-term, but it is not able to improve the contradiction between supply and demand.
Although the subsequent time limit is electrical, the side effects have been more obvious, nearby, Jiangsu, Zhejiang, etc. Plans to cause lying flat, it is not difficult to imagine, once the downstream load falls, the filament sales will add more snow.

Post time: Nov-24-2021