International demand picks up, textile and garment industry exports increase
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According to the "Statistical Communiqué of the People's Republic of China on National Economic and Social Development 2010" issued by the National Bureau of Statistics, in 2010, the total export volume of China's textile yarns, fabrics and products was US$77.1 billion, an increase of 28.4% over the previous year; The total export value of clothing accessories was 129.5 billion US dollars, an increase of 20.9% over the previous year. Xiong Xiaokun, a light industry researcher at China Investment Consulting, pointed out that with the gradual recovery of the global economy, the demand for textile and apparel products in the international demand market has gradually increased. Moreover, due to the reduction of cotton planting area in recent years, the market supply and demand relationship of cotton is very tight. Since the second half of 2010, domestic cotton prices have continued to rise, and downstream textile and apparel enterprises have increased the selling price of end products in order to transfer cost pressure. Therefore, due to the increase in product prices and the increase in export demand, the export situation of China's textile and garment industry in 2010 was positive.
According to the "Statistical Bulletin of National Economic and Social Development 2010" released by the National Bureau of Statistics, in 2010, China's cotton planting area was 4.85 million hectares, a decrease of 100,000 hectares compared with 2009; cotton production was from 640 in 2009. Ten thousand tons fell to 5.97 million tons, down 6.3% year-on-year.
Cotton's spot and futures prices continue to rise due to lower downstream demand and lower production. According to relevant data, in 2010, the Zheng cotton index climbed from 33600-17700 at the beginning of the year to 33,692. After the correction in November, the current domestic cotton price has risen to about 34,000 yuan / ton.
Zhang Yulin, research director of China Investment Consulting, pointed out that due to the difficult tension between supply and demand in the cotton market in the short term, the rising pressure on the downstream textile and apparel enterprises will continue to increase, and the price of their end products will increase. Moreover, the overall situation of the global economy is gradually improving, and the European and American orders of related companies continue to pick up. It is expected that the total export volume of the textile and garment industry will continue to grow this year.