China'S Textile And Garment Industry Will Continue To Grow By &Nbsp, And Competitors Will Face Setbacks.

According to the 154th international textile outlook report of textile information of the global business information company, although China's textile and garment industry has undergone a series of challenges, the Chinese textile and garment industry will continue to grow, and its competitors will be frustrated by the reduction of orders for retail buyers.

Although China's textile industry is facing rising costs, aging population and shortage of labor in some areas, China's textile industry in 2011 still performs quite well.

During the month of January 2011 -11, China's textile industry revenue and profits increased by 27% over the same period last year, and its industrial output value increased by 11% over the same period last year.

However, these figures are still somewhat disappointing, because the profit growth rate has decreased by 14.7 percentage points over the first half of this year.

Western retailers worried about the downturn in demand after Christmas and holidays, and reduced orders for spring / summer festival in 2012. Therefore, sales of some other textile industries in Asia declined in the second half of 2011.

During the month of July 2011 -12, the India rupee depreciated more than 15% against the US dollar. It was regarded as "the worst performing currency in Asia" and provided an opportunity for India's garment industry to improve its competitiveness. However, India's clothing exporters did not seize the opportunity to increase sales.

Even in recent 4 years, Bangladesh's apparel industry, which has seen significant increases in investment and exports, reported a decline in exports in the first 2011/12 months of the fiscal year.

In the 2011/12 fiscal year, Pakistan's clothing exports dropped by 30%, and some products reported a 50% decrease in exports.

As the west is nervous, suppliers close to the two main markets in the world (the European Union and the United States) are beneficiaries.

In addition, Nike and Adidas have recently announced plans to increase production in South America.

However, they do not intend to replace production in China. Generally speaking, Asia is a source of supply, and expansion of South Africa's production is a supplement to supply.

If there has been a shift closer to home, the evidence is far from enough.

In the 12 months ending October 31, 2011, imports from the US Central American Republic of Dominica free trade agreement (CAFTA-DR) grew by only 2.6%.

It is true that during this period, imports from China decreased by 3%, but this is not a great change.

Looking at the investment figures, it is hard to predict when the big shift will take place.

In fact, in 2010, the textile machinery imported from China's textile mill hit a new high. So far, China's textile industry is still the largest investor.

In particular, China's industry accounted for 84% of the total shuttleless loom shipments in 2010 and 97% of Asia's total market share.

Shipment of circular knitting machinery, China accounted for 77% of global shipments, and Asia accounted for 92%.

The shipment of electronic flat knitting machinery accounts for 74% of China's global shipments, while Asia accounts for 94%.

In addition, despite rising costs, weaker demand, limited capital supply and a shortage of technology upgrading funds, the Chinese textile industry is expected to grow at the same rate in 2012, or even exceed the growth rate of international trade.