This year, China's textile industry continues the second quarter of last year, the steady rise since the trend, the industry produced last year on the basis of a low base to maintain the rapid growth of over 20%. However, at this stage the international market demand, the pace of recovery is still slow, the domestic textile and apparel market growth slowed down slightly, while the industry continue to overweight this year, upward pressure on costs, coupled with a year earlier by the base and other factors, makes 1 to 4 months in China production of the textile industry in general pick-up track on the curve showing signs of fatigue.
Bear the brunt of the cost pressure
Although the weak growth performance of industry production is subject to due to the combined effect of multiple factors, but cost pressures continue to overweight no doubt be the primary factor.
Firstly, the shortage of cotton and other raw materials, some sought after market funds and rising costs of Cotton combined effect of such factors, this year, China's textile industry has quickly gained momentum in raw material costs. At this stage, with the pre-stock enterprises gradual consumption of raw materials, high raw material cost pressures are becoming apparent purchased, thus affecting the production of further recovery.
According to statistics, from June 2, China 328 cotton has risen to 17,591 yuan / ton, compared with 2009 average price (12,831 yuan / ton) up 37.10%, imports of cotton grades up 91.11 cents / lb, than the average price in 2009 (69.1 cents / lb) is also higher than 31.85%. Meanwhile, the polyester staple fiber, viscose staple fiber price increase than in 2009, in April 2010 and viscose staple fiber polyester staple fiber were monthly average price of 10,593 yuan / ton, and 20233.5 yuan / ton, 2009 annual average price increased by 21.31% and 31.54%.
Since 2009, the main raw material
According to the China Federation of Logistics and Purchasing data show that in April 2010 China's manufacturing purchasing managers index (PMI) was 55.7%, had 14 consecutive months of growth and decay of the watershed is located - 50% or more of them to purchase raw materials into the biggest price index rose, reaching 72.6%, was in July 2008 the highest since the index. Among them, the main raw material of textile and other industries and even the purchase price index jumped to a high of 80% or more. Shows that the purchase of raw materials costs at this stage the pressure the industry is very prominent.
Second, labor costs continue to rise, further increasing pressure on business operations. This year, Guangdong, Shandong, Jilin, has more than 10 provinces and autonomous regions have raised the minimum wage, the average rise rate of 17% of China entered in the minimum wage adjustment. The recent burst of Foxconn frequently jump from a building, but also to pay 30% of Foxconn, etc. to try to resolve. Minimum wage increases, companies pay have shown that China has entered the labor costs raise the general range, which is labor-intensive textile industry, business operations even heavier burden.
In addition, the fuel and energy costs, transportation costs continue to rise. 1 April 2010, industrial enterprises in the fuel power, price indices rose by 23.6% over the first quarter continued to increase 0.1 percentage points. Shows that the sustained high prices of production factors at this stage the industry has become prominent issues facing the operation.
Are hidden within the export market
Rising cost pressures highlighted in the same time, China's textile export market demand within the industry performance is also more complicated, the recovery in external demand and domestic sales growth has remained a difficult fall, have also forced the enterprises to adjust the tempo, slowing down the pace of production.
Now, the world's largest economy, the United States is in a stable recovery, as of April the main macroeconomic indicators are showing good momentum. However, another major European economies are troubled by the sovereign debt crisis, recovery has been slow. According to Eurostat, the latest data showed the euro zone in April from the March unemployment rate of 10% to 10.1% in June 1998 for the highest level since. Thus, the total number of euro-zone unemployment has reached 1590 million. High unemployment rate will continue to affect consumer confidence in Europe and spending the residents expected. As China's exports of textile industry's largest target market, the European consumer downturn will inevitably affect China's textile and apparel exports. Meanwhile, the euro since the beginning of this year has been devalued 16% against the RMB exchange rate factors on the impact of textile and garment exports will become more apparent.
Recovery in external demand remained a difficult market at the same time, domestic market growth has slowed down the performance. According to the National Bureau of Statistics data show that 1 in April 2010, total retail sales nationwide 4.7884 trillion yuan, up 18.1%, compared with 3.1 percentage points a year ago to speed up, speed up 0.2 percentage points than the first quarter, of which more than clothing quotas Retail sales to 189.7 billion yuan, up 23.3%, higher than the total retail sales of social consumer goods grew 5.2 percentage points, but slowed 0.6 percentage points than the first quarter. According to the Ministry of Commerce focused on the 1000 flow monitoring data business, in April apparel retail sales up 14.6%, than the growth rate down 0.8 percentage points in March.
Production growth is weak evidence
One end of the cost pressures continue to rise, demand has slowed down the other end of the performance base of comparison last year plus factors, resulting in production of the current weak performance in the industry. According to the National Bureau of Statistics data show that 1 in April 2010, the scale of China's textile industry for more than 53,500 enterprises accumulated industrial output value of 1.296542 trillion yuan, an increase of only 26.69 percent year on year, growth from a year earlier to speed up 22.43 percentage points. But lower than 2010, 1 to 2 months and 1 to 3 months of production growth rate decreased by 0.36 percentage points and 0.29 percentage points, reflecting the current industry production has increased signs of weakness.
Specific sub-sectors from the point of view, 1 April 2010, total industrial output value cotton spinning industry, 352.133 billion yuan, up 27.35 percent, compared with growth of 1 to 3 months of this year (27.88%) slow down 0.53 percentage points; chemical industry total industrial output value was 143.566 billion yuan, up 41.47 percent, compared with growth of 1 to 3 months of this year (44.94%) slow down 3.47 percentage points; garment industry realized total industrial output value of 350.413 billion yuan, up 22.41 percent, compared with a growth rate 3 months (22.68%) slowed by 0.27 percentage points.
Both sub-sector output growth performance changes, or sub-sectors of the industry's contribution to changes in the growth performance of the industry pioneers emerged on slower growth contribution decline in the contribution of the downstream sub-sector continued to improve the characteristics.
Obvious that the current industry cost pressures also epitomized the industry in the industrial chain link wandering. However, if the problem of rising cost pressures continue to ease, or from other sources are not released, China's textile industry continues to slow down the pace of production will become inevitable. In this regard, we propose that the relevant state departments to strengthen the market for cotton and other raw materials macro-control, including the expansion of cotton imports, the State Reserve timely delivery of cotton, so as to stabilize the market price of raw materials, ease the pressure on business costs.
Source "China Textile Network"
Editor: Yan Zhu
Bear the brunt of the cost pressure
Although the weak growth performance of industry production is subject to due to the combined effect of multiple factors, but cost pressures continue to overweight no doubt be the primary factor.
Firstly, the shortage of cotton and other raw materials, some sought after market funds and rising costs of Cotton combined effect of such factors, this year, China's textile industry has quickly gained momentum in raw material costs. At this stage, with the pre-stock enterprises gradual consumption of raw materials, high raw material cost pressures are becoming apparent purchased, thus affecting the production of further recovery.
According to statistics, from June 2, China 328 cotton has risen to 17,591 yuan / ton, compared with 2009 average price (12,831 yuan / ton) up 37.10%, imports of cotton grades up 91.11 cents / lb, than the average price in 2009 (69.1 cents / lb) is also higher than 31.85%. Meanwhile, the polyester staple fiber, viscose staple fiber price increase than in 2009, in April 2010 and viscose staple fiber polyester staple fiber were monthly average price of 10,593 yuan / ton, and 20233.5 yuan / ton, 2009 annual average price increased by 21.31% and 31.54%.
Since 2009, the main raw material
According to the China Federation of Logistics and Purchasing data show that in April 2010 China's manufacturing purchasing managers index (PMI) was 55.7%, had 14 consecutive months of growth and decay of the watershed is located - 50% or more of them to purchase raw materials into the biggest price index rose, reaching 72.6%, was in July 2008 the highest since the index. Among them, the main raw material of textile and other industries and even the purchase price index jumped to a high of 80% or more. Shows that the purchase of raw materials costs at this stage the pressure the industry is very prominent.
Second, labor costs continue to rise, further increasing pressure on business operations. This year, Guangdong, Shandong, Jilin, has more than 10 provinces and autonomous regions have raised the minimum wage, the average rise rate of 17% of China entered in the minimum wage adjustment. The recent burst of Foxconn frequently jump from a building, but also to pay 30% of Foxconn, etc. to try to resolve. Minimum wage increases, companies pay have shown that China has entered the labor costs raise the general range, which is labor-intensive textile industry, business operations even heavier burden.
In addition, the fuel and energy costs, transportation costs continue to rise. 1 April 2010, industrial enterprises in the fuel power, price indices rose by 23.6% over the first quarter continued to increase 0.1 percentage points. Shows that the sustained high prices of production factors at this stage the industry has become prominent issues facing the operation.
Are hidden within the export market
Rising cost pressures highlighted in the same time, China's textile export market demand within the industry performance is also more complicated, the recovery in external demand and domestic sales growth has remained a difficult fall, have also forced the enterprises to adjust the tempo, slowing down the pace of production.
Now, the world's largest economy, the United States is in a stable recovery, as of April the main macroeconomic indicators are showing good momentum. However, another major European economies are troubled by the sovereign debt crisis, recovery has been slow. According to Eurostat, the latest data showed the euro zone in April from the March unemployment rate of 10% to 10.1% in June 1998 for the highest level since. Thus, the total number of euro-zone unemployment has reached 1590 million. High unemployment rate will continue to affect consumer confidence in Europe and spending the residents expected. As China's exports of textile industry's largest target market, the European consumer downturn will inevitably affect China's textile and apparel exports. Meanwhile, the euro since the beginning of this year has been devalued 16% against the RMB exchange rate factors on the impact of textile and garment exports will become more apparent.
Recovery in external demand remained a difficult market at the same time, domestic market growth has slowed down the performance. According to the National Bureau of Statistics data show that 1 in April 2010, total retail sales nationwide 4.7884 trillion yuan, up 18.1%, compared with 3.1 percentage points a year ago to speed up, speed up 0.2 percentage points than the first quarter, of which more than clothing quotas Retail sales to 189.7 billion yuan, up 23.3%, higher than the total retail sales of social consumer goods grew 5.2 percentage points, but slowed 0.6 percentage points than the first quarter. According to the Ministry of Commerce focused on the 1000 flow monitoring data business, in April apparel retail sales up 14.6%, than the growth rate down 0.8 percentage points in March.
Production growth is weak evidence
One end of the cost pressures continue to rise, demand has slowed down the other end of the performance base of comparison last year plus factors, resulting in production of the current weak performance in the industry. According to the National Bureau of Statistics data show that 1 in April 2010, the scale of China's textile industry for more than 53,500 enterprises accumulated industrial output value of 1.296542 trillion yuan, an increase of only 26.69 percent year on year, growth from a year earlier to speed up 22.43 percentage points. But lower than 2010, 1 to 2 months and 1 to 3 months of production growth rate decreased by 0.36 percentage points and 0.29 percentage points, reflecting the current industry production has increased signs of weakness.
Specific sub-sectors from the point of view, 1 April 2010, total industrial output value cotton spinning industry, 352.133 billion yuan, up 27.35 percent, compared with growth of 1 to 3 months of this year (27.88%) slow down 0.53 percentage points; chemical industry total industrial output value was 143.566 billion yuan, up 41.47 percent, compared with growth of 1 to 3 months of this year (44.94%) slow down 3.47 percentage points; garment industry realized total industrial output value of 350.413 billion yuan, up 22.41 percent, compared with a growth rate 3 months (22.68%) slowed by 0.27 percentage points.
Both sub-sector output growth performance changes, or sub-sectors of the industry's contribution to changes in the growth performance of the industry pioneers emerged on slower growth contribution decline in the contribution of the downstream sub-sector continued to improve the characteristics.
Obvious that the current industry cost pressures also epitomized the industry in the industrial chain link wandering. However, if the problem of rising cost pressures continue to ease, or from other sources are not released, China's textile industry continues to slow down the pace of production will become inevitable. In this regard, we propose that the relevant state departments to strengthen the market for cotton and other raw materials macro-control, including the expansion of cotton imports, the State Reserve timely delivery of cotton, so as to stabilize the market price of raw materials, ease the pressure on business costs.
Source "China Textile Network"
Editor: Yan Zhu
time:2010/6/17
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