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    Textile And Garment Industry Will Become A Constraint Factor In The Next Five Years.

    2010/7/13 9:41:00 31

    Textile And Garment Industry

    Although the first 5 months of this year

    Textile and clothing

    Export growth is still high year by year, but the appreciation of the renminbi and rising labor costs have not supported the export situation and remain optimistic.

    As a leading indicator, the PMI new export orders index in June showed that the export orders for consumer service industries were 50.6%, which is close to 50% of the critical point.


    According to Chinese textiles

    Import and export

    The chamber of Commerce was informed that although the relevant orders were relatively adequate, the profit margins began to shrink significantly.

    Especially in the small profit margins, enterprises can no longer afford the larger fluctuation of exchange rate.


    At the recent main working conference of home textiles export, most of the main enterprises of home textile export indicated that the current enterprise orders were quite sufficient, and the orders before September were basically full, but their profits had declined sharply compared with the same period last year.


    This is mainly due to the sharp rise in cotton and yarn prices this year. Although the export price is raised by 5% to 15%, it is far below the increase of over 50% of raw materials.


    Statistics show that since last April,

    global economy

    With the gradual recovery of our textile industry, the price of textile raw materials such as cotton and chemical fiber has risen.

    By the beginning of May this year, the average price of the 328 cotton plants increased by 4742 yuan / ton, or 40.4%, and viscose staple fiber increased 7000 yuan / ton, or 54.7%, and polyester staple increased 2650 yuan / ton, or 33.5%.


    As a labor-intensive industry, the profits of the textile industry have been relatively low.

    In the face of the rising price of raw materials, a large number of textile enterprises in China have to choose between "guarantee profit" and "guarantee customers" in the face of the rising price of raw materials. Once the customers have lost a lot of customers, the enterprises will eventually go bankrupt, so more enterprises choose to sacrifice their profits to keep the customers, which will lead to the profit of the textile industry to be further compressed.


    In addition, some enterprises reflect that now the workers are basically old workers, and their wages have risen to more than 3000 yuan. Young people are still unwilling to take up the job.

    In the next five years, there may be a big gap in the supply of skilled workers in the textile industry, which will become a major hidden danger for the future development of the textile industry.

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    Pakistan'S Export Regulation Tax On Cotton And Clothing Yarn 15%

    The Pakistan textile department (MinTex) may extend 15% of the yarn export regulation tax (RD) for another two months, contrary to the decision announced in the end of July 26th. According to the proposal, the Ministry of textile industry extended the adjustment tax time to September 27, 2010. For this purpose, the Ministry of textiles is drafting a document.

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