- 发布时间：2021-12-22 10:12
- 发布时间：2021-12-22 10:12
Driven by the increasing demand in the international market and stocking up for the Christmas season promotion, China's garment export has accelerated. According to customs statistics, From January to October, China exported 143.35 billion US dollars of clothing (including clothing accessories, the same below), up 25.7% year on year and 14.4% compared with the same period in 2019. Of these, October exports amounted to 16.94 billion US dollars, up 25 percent year on year and 33.4 percent higher than October 2019.
In the first 10 months, China's garment exports to major markets showed rapid growth. Exports to the United States, the European Union and Japan increased by 41.4%, 21.2% and 8.8%, respectively. Exports to ASEAN, the Middle East, Africa and Latin America increased by 23.9%, 28.2%, 34.4% and 48%, respectively. Exports to South Korea, Australia, Russia and Canada rose 23.8%, 31.4%, 3.2% and 13.7%, respectively.
Industrial enterprises in the continuation of production recovery, while the operation of quality and efficiency continued to recover. According to the National Bureau of Statistics, in October, the industrial added value of enterprises above designated size in China's garment industry increased by 8.2% year on year, 3 percentage points higher than September. From January to October, the industrial added value of enterprises above designated size in the garment industry increased by 9.1% year on year, with the growth rate increasing by 19.1 percentage points year on year, and the two-year average decreased by 0.9%(based on the corresponding corresponding period in 2019 and calculated using the geometric average method), which was 0.3 percentage points narrower than that from January to September. The garment output of enterprises above scale reached 19.125 billion pieces, up 8.88% year on year, with the growth rate up 17.26 percentage points year on year, and the two-year average decrease of 0.1%, which was 1 percentage point narrower than that from January to September. Moreover, the losses of industrial enterprises narrowed, the profit margin of operating income increased slightly, the growth rate of completed fixed asset investment increased year on year, and the quality and efficiency of enterprise operation continued to recover.
Unstable and uncertain factors interweave
China National Garment Association believes that, on the whole, from the fourth quarter of this year to 2022, The development situation of China's garment industry is still complicated, with unstable and uncertain factors interwoven, and the foundation for the steady and sound development of the industry still needs to be consolidated.
In terms of external demand, the global epidemic continues to spread, and the prospects for recovery in the international market remain highly uncertain. Since the third quarter of this year, the overall pace of global economic recovery has slowed down, and the new mutant strain has increased the uncertainty of the prospects of global economic recovery. The recovery process of garment consumption demand in the international market fluctuates and the strength of recovery is still weak. In major consumer markets, the consumer demand in the US market has weakened due to factors such as rising commodity prices and supply chain disruption. The Consumer confidence index of university of Michigan in November dropped to 67.4 from 72.8 in September. Although the clothing retail industry maintained a substantial growth, the growth rate slowed down significantly. Us retail sales of clothing and accessories grew 50.39 percent year on year in the january-October period, down 17.04 percentage points from january-June. Plagued by the rebound of the epidemic, clothing retail sales in the EU have been sluggish. In September, the retail sales of textiles, clothing and footwear in the EU decreased by 2.3% year-on-year and 0.3% month-on-month. In The january-September period, retail sales of textiles, clothing and accessories rose 0.74% year on year, down 1.37 percentage points from january-June.
The complex situation has accelerated the adjustment and reconstruction of the distribution pattern of the global apparel industry chain and supply chain. Affected by the epidemic in Southeast Asia and the bottleneck of the global supply chain, overseas buyers and retailers are shifting their manufacturing from Southeast Asia to their own countries or other European countries, accelerating the global procurement strategy of "China + multiple countries". With the promotion of vaccines, the epidemic situation in Southeast Asian countries has stabilized, the production capacity of Vietnam and Bangladesh has recovered rapidly, and the garment export has turned into positive growth. In October alone, Vietnam's textile and ready-to-wear exports edged up 4.55% yoy after falling sharply for two consecutive months. In the first 10 months, exports grew 5.51% yoy. Malaysia's and Turkey's garment exports increased by 72.71% and 23.55% year-on-year in October and the first 10 months respectively. Bangladesh's ready-to-wear exports rose 18.33 per cent in the first nine months from a year earlier.
This is also confirmed by the change in the origin share of the main importing countries of foreign trade clothing. From January to October, ASEAN's share in the US apparel import market decreased by 3 percentage points year-on-year, mainly made up by countries such as India, Honduras and Pakistan. Vietnam, Indonesia and Myanmar lost 4.18 percentage points of their share in Japan's garment import market. In addition to China's increase of 1.89 percentage points, Bangladesh's and Malaysia's share increased by 0.49 and 1.74 percentage points respectively.
Domestically, rising overall costs, structural labor shortages and fluctuations in the RMB exchange rate continue to increase the operating pressure on industrial enterprises, especially small and medium-sized enterprises.
The briefing notes that, on the one hand, the tight energy supply and rising prices push up the prices of intermediate products, and the garment enterprises in the lower reaches of the industrial chain face further increasing cost upward pressure. On the other hand, the multiple growth of international freight prices, the simultaneous strengthening of the RMB exchange rate and the DOLLAR index, and the ongoing disruption of the global supply chain caused by port congestion and worker shortage all pose great risks to the normal delivery and payment collection of enterprises, and seriously compress the profit margin of export enterprises. According to the National Bureau of Statistics, from January to October, the operating income of enterprises above designated size in the garment industry accounted for 94.68% of the total, 0.49 percentage points higher than the same period in 2019.