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Slow market growth in china in 2011

Slow market growth in china in 2011 Source: www.chinatexnet.com
Date: 29-01-2012
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In 2011, under the supporting role of the relatively stable domestic macroeconomic environment, the growing income and other factors, the overall domestic market of China’s textile industry still maintained a steady growth momentum.

According to the National Bureau of Statistics data show that from January to November 2011, total retail sales of social consumer goods reached 16.35 trillion Yuan, a year-on-year increase of 17 percent. Among them, clothing, shoes, hats and textile retail sales of 700.5 billion Yuan more than limit, a year-on-year increase 23.9%. Overall, China’s domestic sales growth like clothing and shoes is still significantly higher than the growth rate of total retail sales of the whole country, yet since September, there is a clear trend of slowing down.

In the same period, China’s large-scale textile enterprises realized sales value of 4839.781 billion Yuan, up 27.57 percent year on year, of which domestic output value is 4010.112 billion Yuan, up 30.32 percent year on year. Proportion from the data structure, the output value of China’s domestic textile industry output accounted for 82.86 percent of the whole sales output value, compared with the same period last year continues to rise 1.75 percentage points. How ever, overall growth in the domestic market also shows a slowdown in performance. From January to November 2011, domestic output growth of China’s textile industry was down 0.83 percentage points compared with the date 31.15 percent from January to October.

In 2011,China’s major large-scale retail clothing sales data structure analysis shows that the growth rate remains high despite the amount of growth, but growth in the quantity is pretty slow.

According to the China Business Information Center data, in November 2011, apparel sales increased 10.26 percent, setting a new low during the year 2011, apparel sales growth even performed negative growth, dropped 1.82 percent year on year.

Seen by the domestic inflation, price increases and other factors greatly influence the product, textile and apparel end-consumer demand has been somewhat suppressed.

Textile and garment exports grow slowly

At the same time of the fall of China’s domestic market growth momentum, China’s export market has also been a downturn in the international market demand affecting, and showing a trend of slow growth.

According to China Customs statistics, from January to November 2011, China’s total textile and apparel exports $ 226.156 billion, an increase of 21.2 percent growth rate over the 10 months from January to October (22.8%), slowed down 1.6 percentage points, down 2.99 compared with same period last year. Overall, China’s textile and apparel exports still maintain a rapid growth rate. Textile exports $ 86.373 billion, up 23.97 percent year on year. Apparel exports $ 139.782 billion, a year on year increase of 19.54 percent.

Behind the appearance of the export boom, we must see that the export price and volume changes in 2011. Different from previous years, in 2011, affected by many factors like product exports restructuring, costs rise, China’s textile and garment total export increased fast, which was mainly supported by the price increase of textile and garment export.

However, the export volume growth slow, orders from international market are not optimistic, which leads the concern about the industry. According to the estimation of Statistics Center of China Textile Industry Association that from January to October 2011, China’s textile and garment export prices increased 21.19% year on year, of which textile export prices increased 22.51% year on year, garment export prices increased 20.32% year on year. Excluding the price factor, from January to October, textile and garment exports increased by only 1.14 percent.

Analyzed by category of export products, the export growth of textile was slightly faster than the growth of garment, but compared with the same period in 2010, textile export growth has come down significantly. This is closely related to the slow recovery of the global economy, the demands in main end-market in developed economies are slowed down. From January to November 2011, textile exports grew 23.97 percent over the previous year, dropped 5.65 percentage points over the same period last year; garment export grew 19.54 percent, dropped 1.62 percentage points over the same period last year.

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