Export Prices Of Textile And Garment Industry Dropped &Nbsp, And Growth Slowed Down.

Spin Clothing export The growth of the volume began to slow down, in line with our previous expectations; exports will continue to slow down in the next few months in 2011, and the export volume will decline in the first quarter of 2012. According to statistics from the General Administration of customs, China's textile and apparel exports totaled 205 billion 780 million US dollars in 1-10 months in 2011, an increase of 22.77% over the same period last year. Among them, clothing was 127 billion 430 million dollars, an increase of 21.4%, and textiles 78 billion 350 million dollars, an increase of 25.2%.

Before October, the growth rate of textile and clothing exports decreased by 1.47 percentage points compared with the same period last year, of which the growth rate of textiles decreased by 3.36 percentage points compared with the same period last year. Because of the strong seasonal factors, the growth rate of clothing decreased by 0.38 percentage points compared with the same period last year. The decline in textile and garment exports is mainly due to the decline in export products. This result is consistent with our earlier judgement on the export situation of textile and clothing. We expect that in the remaining months of 2011, the growth of export volume of textile and clothing will continue to slow down. The export volume of textile and clothing will decline in the first quarter of 2012.

　　 2012 textile and clothing Order The volume will not be a big problem, but the price factor will lead to a year-on-year decline in exports.

In terms of textiles, as China's textile industry has a complete industrial chain, the production capacity of medium and high grade garments and textile fabrics is strong. Over the years, brand clothing companies from Europe and the United States have imported large quantities of fabrics from China. Clothing, because domestic exports in Europe and the United States and other countries are still in the middle and low grade. Cheap Chinese clothing is still the favorite of European and American residents. Even in the period of financial crisis, the main products of domestic textile and clothing still maintained a large volume of exports, and the volume did not decrease. Therefore, in the future, we think that the volume of domestic export orders will not shrink much, and the prices of export products will decline in the case of raw material prices falling, leading to the export volume of the industry.

　 The "three shortage" of the industry will polarize the industry, and "order to large enterprises" will make the leading enterprises more interested in the quality of orders.

At present, there are "three wastes" in the textile and garment industry, namely, shortage of migrant workers, shortage of funds, and shortage of electricity. Most small and medium-sized enterprises with profit margins below 1% are in a predicament. On the contrary, large enterprises, especially the leading companies in the fine molecular industry, have strong technology and brand advantages, and have strong new product development. Advantageous resources will accelerate to large enterprises. Orders are concentrated on large enterprises, and large enterprises' market discourse power is increased. As far as the current situation is concerned, the large textile export enterprises generally reflect the good order in early 2011, and have made preparations for expanding production. In addition, SMEs do not dare to take orders, large enterprises have larger order options, and order quality is valued by these enterprises.

　 The improvement of disorderly competition in the industry is conducive to the development of leading enterprises, and continues to focus on yarn, grey cloth and fabric leading enterprises.

Although the overall export of the industry will decline in 2012, this is not an order problem, mainly due to the decline in the prices of export products. Because of the large number of small and medium-sized enterprises withdrawing from the industry, the disorderly competition will be improved. Therefore, we believe that we should focus on the leading enterprises in various sub sectors of the textile industry in the future.