In The First Half Of The Year, The Volume Of Monitored Leather Textiles Exported To Europe Increased And The Prices Fell

In the first half of the year, the visa situation of China's textiles and garments exported to Europe for monitoring was not optimistic. Although the quantity increased by a large margin, the price dropped sharply. Experts warned that once the phenomenon of volume increase and price decrease continues, the EU will likely continue to take regulatory measures after December 31 this year. It is reported that in the first half of the year, the number of dresses (E26) exported to the EU increased by 233%, while bed sheets (E20 categories), sweaters (E5 categories) and women's shirts (E7 categories) increased by 164%, 196% and 115% respectively. Other categories also have a certain proportion of growth in quantity. According to relevant people's analysis, the main reason for the substantial increase in export volume to Europe is that the cancellation of quotas has released the pressure of long-term restriction. In addition, it has something to do with the global economic situation this year. The U.S. dollar depreciates sharply, while the euro is very strong. In order to reduce the exchange rate risk, Chinese exporters turn their attention to the EU market. The reporter noted that last year's base is too low, which is also a reason for this year's excessive growth. It is worth noting that the price of textiles and garments exported to Europe has dropped year-on-year, with an average decrease of more than 20% in both categories with a large increase in quantity and a small increase. The biggest drop was in dresses, up to 44%. The export prices of women's shirts and sweaters from Guangdong, Heilongjiang and other provinces decreased significantly in May. The sharp decline in export prices is due to the loss of quota cost; to avoid exchange rate risk, Chinese enterprises transfer their products from the United States to the European Union, using price reduction as a means of competition; in addition, the European side has taken the opportunity to deliberately lower our prices. China's textile quota restrictions on exports to the United States ended on December 31 last year. Currently, bilateral monitoring measures are adopted for textiles exported to Europe. That is, on the premise of removing the quantity restriction, the eight textile categories under the memorandum will be included in the bilateral monitoring system. The Chinese side will implement the export license, and the European side will implement the automatic import license system. The monitoring period will be from January 1 to the end of this year. At the same time, the Chinese side implements business qualification access. So far, the audit team of China Textile Import and Export Chamber of Commerce has announced 40 batches of enterprises that meet the qualification standards. Experts warned that once the phenomenon of volume increase and price drop continues, the EU will likely continue to take regulatory measures after December 31, this year. Therefore, the textile chamber of commerce also issued the first phase of price risk warning of monitoring products exported to Europe, saying that it would closely track the export prices of products exported to Europe. Enterprises with abnormally low prices will be announced to the public and their qualifications for exporting to Europe will be re examined. Experts once again remind textile enterprises that they should attach great importance to this issue. If the "disaster" is to be subsided, the cost will be very heavy.