Prospects For Economic Operation Of Cotton Textile Industry

　　 The situation of cotton textiles and clothing trade is grim.

(1) cotton textiles and garments Export volume Growth slowed significantly

According to the data of the General Administration of customs, China's cotton textile and apparel exports totaled 87 billion 560 million US dollars in 2011, an increase of 13.38% over the same period last year, of which the total export volume of cotton textiles and cotton garments was 26 billion 300 million US dollars and US $61 billion 260 million respectively, up 15.4% and 12.5% compared with the same period last year, all slowing down by 10 percentage points over the previous year.

In terms of imports, China's cotton textile and apparel imports totaled US $7 billion 270 million in 2011, an increase of 11.3% over the same period last year, of which the total import value of cotton textiles and cotton garments was 5 billion 910 million US dollars and 1 billion 360 million US dollars, up 5.5% and 46.7% compared to the same period last year.

(two) ASEAN has become the largest market for cotton textile trade.

In the export market of cotton textiles in 2011, ASEAN and China accounted for two figures of global exports, while ASEAN grew by 26% year-on-year. China's Hongkong region has a negative year-on-year growth, while the United States has decreased by 9% compared with the same period in Hongkong. In the import market, ASEAN and Japan accounted for 12% and 8% respectively, representing a growth rate of 22% and 11%, respectively, and Hongkong's negative growth in the same period.

(three) import and export of all kinds of cotton textiles

1. Significant increase in raw cotton imports.

2011 China Raw cotton trade It still shows net imports. The total import volume of 3 million 363 thousand tons a year, an increase of 18.6% over the previous year, and the total import value of US $9 billion 470 million, an increase of 67.4% over the same period last year, and the average import price of 2.8 US dollars / kg, up 41.7% over the same period last year. The monthly import volume changed by "V", of which 790 thousand tons were imported in December, the highest monthly record in history. The import price showed a trend of high middle and low ends, of which the highest price in May was 3.2 US dollars per kilogram, and the factory price was RMB 24000 yuan / ton.

2. Cotton yarn imports increased significantly in the second half year.

In 2011, China's cotton yarn imports totaled 905 thousand tons, down 18.7% compared to the same period last year. The total import value was $3 billion 120 million, an increase of 6.28% over the same period last year, and the average import price was 3.76 US dollars / kg, up 30.8% over the same period last year.

For a long time, China has been a big importer of cotton yarn. Since March 2011, the situation of textile industry at home and abroad has declined significantly compared with 2010. Especially in the second half of this year, the number of imports and exports of cotton yarn began to change in the opposite direction, that is, the phenomenon of the increase in imports and the decrease in exports at the same time.

3. Cotton fabric

In 2011, China's cotton trade showed net exports. The total export volume in the year was 7 billion 640 million meters, a decrease of 3.03% over the same period last year. The export amount was 13 billion 160 million US dollars, an increase of 21.8% compared with the same period last year, and the export unit price was 1.72 US dollars / m, up 25.6% over the same period last year. The total annual import volume was 770 million meters, a year-on-year decrease of 10.63%, and the import amount was 1 billion 790 million US dollars, an increase of 5.43% compared with the same period last year, and the import price was 2.33 US dollars / m, up 17.7% over the same period last year.

From the point of view of the export structure of cotton fabrics, the total export volume of grey cloth, colored cloth and denim is 2 billion 160 million meters, 1 billion 70 million meters and 610 million meters respectively. The export of pure cotton fabric has an absolute advantage in quantity, and its change trend basically determines the export change of cotton fabric. From the proportion of product mix, the reduction of pure cotton fabric and the growth of cotton blended fabric are in sharp contrast.

　 Operation quality, efficiency and investment

(1) the growth rate of production and marketing value has continued to slow down, and the output of finished goods has increased rapidly.

According to the data of the National Bureau of statistics, the total industrial output value of cotton and chemical fiber processing enterprises above Designated Size (hereinafter referred to as the cotton textile industry) in 2011 increased by 1 trillion and 570 billion yuan, up 30% from the same period last year, and the growth rate increased by 20 percentage points compared with that in 2009 (when the enterprises above Designated Size) had sales income of more than 5 million yuan, which was basically the same as that in 2010.

In 2011, the finished product inventory of cotton textile enterprises above Designated Size showed an upward trend since March, representing an increase of 27.5% year-on-year.

(two) the deficit is 1/10, and the amount of losses has nearly doubled compared with the same period last year.

In 2011, the deficit of cotton textile enterprises above designated size was basically around 10%, which was 2 and 4 percentage points lower than that in the same period in 2010 and 2009. Due to the changes in the scale of Enterprises above Designated Size, the loss of large enterprises in small and medium-sized enterprises is serious. The deficit grew by 125% year-on-year.

The profit margin of cotton textile enterprises above designated size was 5.56%, higher than 1.5 percentage points in 2009, higher than 0.5 percentage points in 2010, and the growth rate slowed down.

(three) three cost and tax burden increase.

2011 Three cost cost And the pressure of tax burden has increased, and financial expenses have increased significantly. Interest expense has increased year by year, with an average growth rate of 35%~45%. Tight monetary policy has brought great pressure to cotton textile enterprises.

(four) the actual investment is relatively high, and the number of new projects is flat.

In 2011, the actual investment in cotton and chemical fiber textile processing industry (hereinafter referred to as cotton textile industry) totaled 150 billion 300 million yuan, an increase of 37% over the same period last year, and the cumulative monthly investment grew to 46% in the first half year on year, showing a downward trend in the second half of the year, and a total decline of nearly 10 percentage points. The total number of new projects increased by 3096, an increase of 1.01% over the same period last year, basically unchanged from the same period last year.

　 Outlook for the future

2012 is another crucial year in the transition period of China's cotton textile industry. stay International situation Under uncertainty, the development of the cotton textile industry needs the support of domestic policies besides its own adjustment. Relying on policies to increase the liquidity of enterprises, enhance market confidence and stimulate the consumption demand of domestic textiles is a bottleneck for enterprises to solve urgently.

In the face of the current situation that export environment is temporarily difficult to improve, enterprises should actively make use of domestic favorable policies to adjust themselves, reduce dependence on traditional international markets such as Europe and the United States, and actively develop the market share of emerging countries, increase the proportion of middle and high grade products, avoid fierce competition with international low-end market, and accelerate transformation and upgrading. Domestic enterprises should actively develop the domestic market, harness the "domestically produced" wagon and promote the sustainable development of the cotton textile industry.