Just now! The import and export data for the first half of the year is released! According to the National Bureau of Statistics, preliminary calculations show that the GDP in the first half of the year was 56,264.2 billion yuan, a year-on-year increase of 2.5% at constant prices. The added value of the secondary industry was 22,863.6 billion yuan, an increase of 3.2%.
According to the statistical bulletin from the General Administration of Customs, in the first half of this year, the country’s textile and apparel exports totaled US$156.49 billion, a year-on-year increase of 11.7% (a year-on-year increase of 10.8% in RMB). Among them, textile exports were US$76.32 billion, a year-on-year increase of 11.3% (a year-on-year increase of 10.3% in RMB); clothing exports were US$80.17 billion, a year-on-year increase of 12.0% (a year-on-year increase of 11.2% in RMB).
From the perspective of major export markets, ASEAN is the largest export market for our industry this year. In the first five months, my country’s textile and apparel exports to ASEAN amounted to US$22.69 billion, a year-on-year increase of 23.0%, accounting for 18% of the global export share of our industry.
These data tell us the following points: 1. my country’s foreign trade was stable in the first half of this year; 2. The growth rate of textiles and clothing, which is closely related to textile people, is not slow. The main reason is that Europe, the United States, Japan, etc. Due to insufficient production capacity due to the epidemic, domestic high-end products have been transferred to China; 3. Due to the suppression of China by Europe and the United States, exports to Europe and the United States have been declining, while imports and exports to countries along the “Belt and Road” have occupied a major position.
Entering 2022, the external demand market has been unsatisfactory. This is mainly due to the fact that since the beginning of this year, the international environment has become more complex and severe. Domestic epidemics have occurred frequently, and orders have flowed back to Southeast Asia in large quantities. The adverse effects have significantly increased, and the economic development is extremely unusual and unexpected. The economic downturn pressure in the second quarter increased significantly.
So, what happened to the textile people in the face of the reverse flow of orders?
Orders from textile companies decrease
As July enters the middle of the month, the performance of textile companies in the off-season can be said to be very real. “There are no orders anyway, so it doesn’t matter if it’s a holiday. If there are orders, they are all loose orders. Our current inventory is completely sufficient.” An industry and trade official said The boss of One Body said. And it is understood that in the current market, there are still many cases of looking for samples and proofing, but very few actual orders are issued. Some textile workers reported: “There are many proofings, and it is so tiring in such a hot day. In the end, the order is not issued, and it is so frustrating.” people!”
In fact, there have always been export orders, but the volume has been small. In the past, an order was tens of thousands or hundreds of thousands of meters, but now even orders of more than 10,000 meters are very rare. There are also a few companies whose foreign trade orders have gone from a stagnant state to a start-up state where a small number of orders have been issued. The reason why actual foreign trade orders have not recovered on a large scale is mainly because the demand for clothing has dropped sharply due to the impact of the epidemic. It is difficult for overseas clothing manufacturers to receive new orders, resulting in very few orders from fabric manufacturers.
Textile enterprises operate at low profits
As terminal demand continues to shrink due to the epidemic, all textile industry chains are under greater inventory pressure than in the past. In terms of weaving inventory, the average inventory of gray fabrics in weaving enterprises in Jiangsu and Zhejiang has reached 36.5 days. Under the pressure of high inventory, textile companies have listed clearing inventory and revitalizing funds as their top priority. Therefore, some market goods in the textile market now have almost no profit or even loss. Although order goods have a certain profit, the overall profit situation is not good.
However, now that we are entering the off-season, the overall operating rate in Jiangsu and Zhejiang has declined. Due to the high temperature, some weaving factories have simply closed their factories. The declining operating rate has suppressed the increase in gray fabric inventory, which can slightly improve the current cycle of high inventory and high raw material prices. It is also slowly declining, and the market is expected to return to normal in the second half of the year.
At present, the weaving market is facing sluggish demand, high inventory, superimposed high temperatures, etc. It is not easy for textile workers to maintain stability. Fortunately, the outdoor economy has driven the market in the first half of the year, which has given the market a bright spot. However, the market in the second half of the year is expected to be difficult to change in the short term. Low demand situation.
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