Analysis Of The Export Situation Of China'S Textile Industry In 2012

Before 2012, textile and garment exports basically failed to grow in April, which was in line with our expectations. According to the data released by the General Administration of customs, China's textile and apparel exports totaled 68 billion 820 million US dollars in April 2012, compared with 68 billion 500 million US dollars in the same period last year. Among them, clothing exports amounted to 39 billion 970 million US dollars, up 1% over the same period last year, and textile exports were US $28 billion 850 million, down 0.3% compared to the same period last year. The decline in export data is in line with our expectations at the end of last year and at the beginning of this year. Textile and clothing The decline in export growth was mainly due to the gradual decline in export prices since the three quarter of last year, and the decline in export prices. In 2012, with the decline of export prices and the shift of orders for low-grade products, exports in 2012 were not optimistic.

China's textile industry has the unmatched advantages of other competitors. Over the years, as China's textile industry has a complete and advanced industrial chain, Middle and top grade garments The production capacity of textile fabrics is strong, and brand clothing companies in Europe and the United States import large quantities of fabric from China, and then processed into garments. In addition, the advantages of industrial clusters make Chinese manufacturing enterprises very convenient in information and logistics. All these are not available to other competitors. According to the textile department of the US Department of Commerce, in November 09 years ago, China exported 1 billion 716 million 300 thousand square meters of cloth products to the United States, with a market share of 25.44%. In addition, other textiles, such as yarn and fiber, besides garment materials, are also in the same market share in Europe and America.

Because China has strong textile industry advantages, the direction of domestic industry adjustment will be "international acceptance". Medium and high end textiles Transfer to domestic development. In the future, we believe that China's labor costs are rising. Although some countries such as ASEAN have lost the cost advantage in the international market and the low-end products can not compete with them, the labor cost of China's high-end products still has certain advantages compared with that of Europe, America and Japan. Therefore, in the adjustment stage of industry in 2012, China will most likely undertake the industrial transfer of high-end products in Europe, America, Japan and South Korea.

Leading enterprises in the textile industry are expected to achieve greater development in the industry adjustment. Although the annual growth rate of textile and clothing exports will slow down in 2012, we believe that this adjustment period is inevitable. In the future, the domestic textile industry will undertake the transfer of global high-end textile products to China and gradually get rid of the status of "global textile processing plant". Therefore, the leading enterprises in the textile sub industry in China have more advantages in R & D, technology and equipment, and will get bigger development opportunities after adjustment. Notable listed companies are Lu Tai A, Jia Linjie and Huafu color spinning.

Risk warning: in the future, the excessive appreciation of RMB will swallow up the order profit of enterprises and will affect the efficiency of enterprises.