Chinese Textile And Clothing Industry Grow Slowly
Chinese textile and clothing industry grow slowly
(1) China has the largest textile and apparel production capacity in the world with strong comprehensive competitiveness
China is the world's largest textile and apparel producer.
Taking advantage of the opportunity of the structural adjustment of the international garment industry, since the 1990s, Chinese garment enterprises have spread across the country, and the textile and garment industry has long been China's traditional dominant industry.
Currently, China is the world's largest textile and clothing producer, producing 29.9 billion pieces of clothing in 2014.
By the end of 2016, China had 15,715 textile and apparel enterprises with 4.23 million employees. The textile and apparel industry is an important part of China's real economy.
The comprehensive strength of China's textile and garment industry is strong, and its position is hard to shake in the short term.
After decades of development, China's textile and garment industry still has obvious advantages over emerging countries such as southeast Asia and South Asia in terms of supporting industrial chain, labor quality, infrastructure construction level, product quality and delivery stability, and domestic market space.
Although the growth rate of China's textile clothing industry has slowed down in recent years, it still has absolute advantage.
In 2014, China's garment exports reached $186.6 billion, accounting for 38.61% of the world's total.
In the same year, Italy, the world's second largest garment exporter, accounted for 5.12 percent of the total export volume of us $24.8 billion, far behind China.
China's exports of apparel and accessories in 2015 and 2016 were $174.3 billion and $157.8 billion, respectively.
(2) it is expected that the low growth rate of textile and garment industry in the next five years will be the "new normal".
The amount of investment completed in the industry has picked up and destocking has shown initial results.
In 2016, China's textile, apparel and apparel industry actually completed 478.1 billion yuan of annual fixed asset investment, up 5.6% year-on-year, with a growth rate significantly slower than that of 2015, but still maintaining the growth trend.
In the first half of 2017, the industry investment reached 22.41 billion yuan, up 9.8 percent year-on-year, and the investment growth rate increased somewhat.
The rebound of investment growth in the textile and apparel industry is partly due to the fact that the depreciation of RMB promotes the garment export, which increases the investment willingness of enterprises, and on the other hand comes from the destocking of previous industries.
From the perspective of inventory growth year-on-year, the year-on-year growth rate of finished goods inventory in the textile and apparel industry has been kept at a low level since 2016. The inventory level of the industry has been controlled to some extent, and the destocking effect has been initially obvious.
China's retail demand for apparel products maintained a low growth rate, and exports entered a stable period.
In the first half of 2017, China's retail sales of clothing, shoes, hats and needle textiles reached 717.2 billion yuan, up 7.3 percent year-on-year, basically unchanged from the 7.0 percent growth in the same period last year, according to the data.
According to the latest statistics, China's cumulative textile and apparel exports in the first half of 2017 were $124.1 billion, up 0.36% year on year, and the exports basically entered a stable period.
It is estimated that the business revenue of textile and apparel owners in China will reach 2514.7 billion yuan in 2017, with the average annual compound growth rate of about 6.70% in the next five years.
In 2016, China's textile and apparel industry achieved a total business revenue of 236.05 billion yuan, up 4.61 percent year-on-year, and the growth was about 1 percentage point lower than that of 2015.
According to the association's forecast, the industry revenue will reach 2514.7 billion yuan in 2017, with the average annual compound growth rate of about 6.70 percent in the next five years, and it is expected to break through 3.20 billion yuan in 2021.
China's textile and garment industry enters the "new normal" of slow growth.
(3) the degree of industrial concentration is gradually increased, and the demand for automation equipment is exuberant
Textile clothing industry downstream concentration gradually increased, automation equipment demand.
As a traditional labor-intensive industry, textile and garment industry has the characteristics of scattered distribution and large scale difference in China.
With the acceleration of industrial restructuring, transformation and upgrading, China's textile industry is becoming more and more concentrated, and orders and market share are becoming more and more concentrated among excellent enterprises.
At present, China's textile and garment industry from 1.0 mechanized production mode to 4.0 intelligent automatic production mode exists simultaneously, and small enterprises are struggling to digest the rapidly rising costs.
With the gradual improvement of downstream concentration, the demand for automation equipment in large-scale enterprises is more vigorous.
Compared with Japan, China's textile and garment industry is moving from "sweat-type" to "intellectual modeling" as an inevitable trend.
Japan has capacity for the global textile garment industry center, in the face of rising labor costs, currency, trade friction upgrade "malaise" moments, such as Japan's textile and clothing industry will mid-range capacity gradually shift to overseas markets, China's only retained the high value-added new textile production and related equipment research and development manufacturing, greatly improved the sewing machinery equipment such as high-end manufacturing ability, realize the industrial transformation.
In contrast to Japan, currently China's manufacturing wage continues to rise while the textile and garment industry is slowing down, which is in a critical period of industrial transformation and upgrading.
Only from "sweat" to "intellectual modeling" can this traditional industry regain vitality and vitality.