Domestic exports of cotton textiles have slowed down

In the first half of the year, China’s total value of imports and exports increased by 8.6% year-on-year, especially the negative growth in the first 16 months of imports and exports in the month of June. This weak performance has caused market concerns. The Ministry of Commerce assessed that China’s foreign trade has encountered a rather harsh external environment in the first half of the year, and the main reason for this is the shrinkage of the traditional market. In addition, the appreciation of *** and the continuous rise in the price of labor force have also brought pressure to export companies. . From the perspective of China’s textile trade performance, the growth rate of textile and apparel exports was higher than that of the same period of the previous year, while the import and export trade volume of cotton textiles maintained a steady rise. The growth rate of exports was higher than at the end of 2012, but the growth rate Slower month by month. With the exchange rate higher, especially in the second quarter of the textile off-season, some export-oriented textile companies are greatly affected by the exchange rate and the export situation is not good.

Domestic sales accounted for a higher proportion of export growth, export growth slowed down China's cotton textile exports accounted for about 6% of the total industry sales, which is lower than the export share of around 15% of the textile industry. In recent years, due to the declining demand in the international market, coupled with the vigorous development of China's domestic textile market, the proportion of China's textile exports has declined.

In the first half of 2013, China’s total exports of cotton textiles totaled US$14.1 billion, up 13% year-on-year, and cumulative imports of cotton textiles totaled US$4.3 billion during the same period, a year-on-year increase of 26%. Although the import and export volume maintained a certain growth rate, it was found from the changes in the growth rate in the first half of the year that the increase in import and export volume decreased month by month.

Imports of cotton have seen a year-on-year negative growth. From the perspective of product categories, China's cumulative imports of cotton were 2.41 million tons in the first half of the year, a year-on-year decrease of 21%, and cotton imports were US$4.68 billion, a decrease of 35% year-on-year. From the perspective of unit price change, the unit price of cotton imports in the first half of this year was lower than the same period of last year. The number of imports showed a negative growth year-on-year, partly because of the large number of cotton imports in 2012, followed by the fact that some textile companies received smaller monthly quotas and may use them centrally. This year, for the first time, the policy of linking quotas to purchases of reserve cotton has been adopted. From the perspective of the deposits taken before July of this year, the transaction rate of 25% or so of state reserve cotton has also led to a slow progress in quota issuance. From the aggregate point of view, as of the end of July, The number of quotas issued in 2013 will be less than in 2012.

The import price of cotton yarn was lower than that of exports. In the first half of 2013, the import volume of China's cotton yarns continued to grow strongly last year. In the first half of the year, the country’s total imports of cotton yarns totaled 965,000 tons, an increase of 45.8% year-on-year. The growth rate of the number of cotton yarns was lower than that of the same period of last year. It was US$3.1 billion, a year-on-year increase of 43%.

Judging from the unit price of yarn import and export, the unit price of China's imported cotton yarn is lower than the export price of about 10,000 yuan per ton, which is related to the import and export of cotton yarn. In the first half of 2013, China’s largest cotton yarn importing country market was Pakistan, followed by India and Vietnam. These three markets have occupied the top three positions in China’s cotton yarn import market over the years, of which cotton yarn imports from Pakistan accounted for about 35%. The proportion of Indian yarn accounts for about 20%, and it has increased year by year. The amount of cotton yarn imported from Vietnam accounts for about 10% of the total amount of imported yarn. China's cotton yarn varieties imported from the above three countries are mainly concentrated on 8-25 pure cotton yarns and 30-47 pure cotton yarns. The added value is low and the unit price is low.

Compared with the same grade of Chinese-made cotton yarn, Yinba yarn has a very obvious advantage in price. In July 2013, the price of China's pure cotton OE10 yarn was higher than that of India's same yarn price by 870 yuan per ton. With the increase in the number of imported domestic cotton yarns since 2012, the price of some imported yarn products has also increased. Since the second half of last year, the price of 32 pure cotton yarns in Pakistan has steadily increased. In July of this year, the price of yarns of the same grade in our country was about 850 yuan per ton.

Imports and exports of cotton fabrics decreased year-on-year In the first half of 2013, China imported 39,000 tons of cotton fabrics, a year-on-year decrease of 6.5%, and exports of 457,000 tons, a year-on-year decrease of 16.6%. From the perspective of cotton fabric import and export unit prices, the unit price of China's cotton fabric exports is lower than that of imports by about 25%. The major cotton fabric export markets are underdeveloped countries such as Vietnam, Bangladesh, Benin and Togo. The export products are plain cotton woven fabrics. Gray fabrics, while China's key import markets for cotton fabrics are Bangladesh, Japan, Hong Kong, and South Korea. The main cotton fabrics imported from Bangladesh are twill weaving fabrics, while those imported from Japan, South Korea, and Hong Kong are mainly denim fabrics.

The market outlook predicts that the foreign trade situation of cotton textile will tighten in the second half of the year. The spokesman of the Ministry of Commerce will judge that the foreign trade situation in the second half of the year may be tightened. To this end, the country will also adopt a series of policies to stabilize exports, such as improving the level of trade facilitation, providing better services to small and medium-sized foreign trade enterprises and further improving the international environment, etc., in order to ensure the overall quality of Chinese products in the global market. Share.

In summary, the analysis of the development situation of China's cotton textile trade in the second half of the year, first of all, with the advent of the traditional peak season, the tight situation of textile companies will be eased, and many companies have expressed certain confidence; secondly, textile cotton is still generally State-owned cotton as the main storage price will affect the cost of cotton textile companies, if the reserve price is still maintained at 19,000 yuan / ton level, is bound to continue to combat the export of cotton textiles in China; Third, the cost of cotton for textile companies At high levels, imported yarns and imported cloths will once again hit the domestic market. Finally, due to the impact of the international environment, the EU and Japan markets have been slow to recover, and the foreign trade situation of China's cotton textiles remains tight.