Three possible trends for the future development of China's textile industry

According to the domestic development of China's textile industry and the situation of foreign imports and exports in 2016, there may be three major trends in the development of China's textile industry in the future. For this, domestic textile industry enterprises need to recognize China's current and future domestic situation As for the international situation, in the author's opinion, the situation may not be optimistic. The supply of cotton (13900, 5.00, 0.04%) tends to focus on “domestic cotton” and lighter on “foreign cotton”. From the perspective of cotton resource supply status in 2016, the state has vigorously promoted the entry of reserve cotton and real estate cotton into the market, while foreign cotton such as the United States Imports of cotton, Indian cotton and Australian cotton have been restricted. On the one hand, due to the limited quality of these foreign cottons that can provide cotton varieties produced by domestic textile companies, Chinese companies mainly import high-quality, high-grade cotton such as C/A, EMOT, and SJV. In addition, several major alliances led by the United States have imposed trade restrictions on China. The United States provides priority to the signing of American cotton imports. The signatory countries are Vietnam, Pakistan, Turkey, Indonesia, Mexico and other countries. (Using their leftover US cotton, even the editor doesn’t think it’s worth it) Indian cotton is one of China’s main import resources, but due to Pakistan’s crazy demand for Indian cotton, the price of Indian cotton has soared, which is costly for Chinese textile companies. The above is not cost-effective.

   From the perspective of the cotton market in various countries in 2016, cotton resources are still relatively tight. Most of the country’s self-produced cotton is used for self-marketing, and exports will be weaker. Fortunately, from the perspective of spinning and matching cotton, high-quality Xinjiang cotton + real estate cotton + national storage cotton can fully meet the needs of spinning mills. In addition, the planting area of long-staple cotton has increased significantly, and domestic textile mills rely on Australian and American cotton. Further down. If foreign trade barriers against China still exist or expand, China is likely to produce and sell cotton on its own. At present, industry experts have realized the problem of cotton production, and the development and production of improved cotton varieties has been put on the agenda. The government will provide strong support for the cotton demand of domestic textile enterprises.

The export of cotton textiles may be more severely blocked. In 2016/2017, the situation of Chinese textile and garment enterprises encountering "encirclement, interception" and suppression by countries such as Europe, America, Southeast Asia, and Central Asia is even more severe. According to customs statistics, my country's cotton exports in July increased by only 2.16% year-on-year , A month-on-month increase of 0.17%, coupled with uncertainties such as exchange rate fluctuations, Fed rate hikes, and economic deflation, exports of high-count yarn, high-count and high-density grey fabrics and clothing are not optimistic. According to the international political situation, the relationship between China and developed countries such as the United States is not stable enough. The United States is trying to win other countries to set up various obstacles to China's economic development. In the first half of this year, 12 countries including the United States, Japan, Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam formally signed the TPP agreement in the New Zealand city of Auckland. These 12 countries together accounted for 40% of the global economy, surpassing the European Union, and seriously affected the development of my country's textile industry's foreign trade. The textile industry may undergo structural adjustments. According to customs statistics, from September 2015 to July 2016, my country imported a total of 890,000 tons of foreign cotton, a year-on-year decrease of 700,000 tons or 44%; from January 2016 to July 2016 A total of 525,000 tons of foreign cotton were imported, a year-on-year decrease of 527,000 tons, a decrease of 51%. China’s import volume "diving" has greatly surprised many foreign businessmen and large and medium-sized importing companies. Many small trading companies and intermediaries in Qingdao, Zhangjiagang, and Guangzhou have switched to import yarn, chemical fiber, or closed store transfers. This hopes or is engaged in Enterprises in the textile industry have put forward a severe test. The instability of enterprises increases the risk of cooperation, which is not conducive to the healthy development of the textile industry. The international relationship between China and other countries in the world seriously affects the nerves of the domestic textile industry. If China can gain a greater voice in international trade, it will be of great benefit to the stability and development of the domestic textile industry. This time, Hangzhou Whether the G20 summit can make progress on trade issues, the results are of great concern.

In summary, the future development of China’s textile industry is facing multiple difficulties. The situation is not very optimistic, but it is not necessary to be too pessimistic. I believe that the ability of the country and the government will help the textile industry to develop and grow, so that enterprises in the textile industry can operate well. , Enterprises should always pay attention to the country’s policy market and make timely adjustments. (Source: Cotton Net)

Suzhou zhuorei Textile Co., Ltd
Fax: 0512-63516323
Mobile: 13862513311 13951125698
Address: no.1898, Central Avenue, Shengze Town, Wujiang District, Suzhou
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