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Textile Exports And Domestic Demand Exceeded Expectations In The First Quarter

2011/5/11 9:22:00 54

In the first quarter of 2011, society

consumer goods

The total retail sales totaled 42922 billion yuan, an increase of 16.3% over the same period last year.

Textile and clothing

The total retail sales amounted to 201 billion 400 million yuan, an increase of 22.3% over the previous year, which is 6 percentage points higher than the retail sales of consumer goods in the whole society.

At the same time, consumer confidence index and other indicators have rebounded sharply from the bottom.

It can be seen that the overall consumption demand of domestic textile and apparel has basically returned to the average level last year, which is stable and fast.

Growth trend

Will continue to maintain.

From the 1 to March cumulative export volume in 2011, China's clothing and textile exports totaled 48 billion 627 million US dollars in the first quarter, an increase of 23.9% compared with the same period last year, of which, textile exports totaled 20 billion 165 million US dollars, up 32.7% over the same period last year. The total export volume of garments was 28 billion 461 million US dollars, up 18.4% over the same period last year, and the export growth rate of the industry has been restored to the level of 23.7% of the total export in 2010.

The increase in export prices is the main reason for the expected growth in exports.

From 2011 to March, the cumulative export volume of cotton yarn, linen and ramie woven fabrics, synthetic short fiber and cotton blended woven fabrics increased by 55.3%, 31.4% and 37.7% respectively, while the corresponding export volume growth rate was much lower than that of the export volume. The cotton and synthetic cotton fabrics blended with cotton blended fabrics decreased by 1.6% and 5.6% compared to the same period last year, while the flax and ramie fabrics increased by 5.9% over the same period last year.

Because of the deflation of the national economic policy this year, the overall operation of the textile industry has also been negatively affected.

At the same time, rising inflation pressure and RMB appreciation and other factors raise concerns about the negative impact of industry demand. In addition, the impact of the Japanese earthquake and the unstable external factors of the international political situation have also deepened this concern, resulting in a high cotton price decline.

Therefore, cotton prices will continue to be high and volatile before new cotton comes into the market this year, and demand factors will lead the direction of cotton prices in the future.

At the same time, the prices of polyester, viscose, spandex and other chemical fiber products with certain substitution effects on cotton also dropped correspondingly, among which viscose fiber and spandex fiber decreased greatly.