In September, some textile enterprises responded that overseas orders had been issued one after another, weaving mills were crowded in line, and dyeing factories were also in a state of warehouse explosion, and the number of foreign trade orders increased significantly. Similarly, according to customs statistics, from January to September 2021, China's cumulative export of textiles and clothing was US $227.594 billion, a year-on-year increase of 5.47%, of which the cumulative export of textiles was US $105.179 billion, a year-on-year decrease of 10.83%; The cumulative export volume of clothing was US $122.415 billion, a year-on-year increase of 25.13%.
However, one factor that can not be ignored is that the textile industry in Southeast Asian countries such as India has been hit hard by the epidemic, and a large number of orders have returned to China.
According to the market situation after November, it is understood that textile enterprises and cloth mills can not express optimism about the future market. At present, enterprises generally have few orders. Part of the reason is that orders move forward due to the global supply-demand mismatch and logistics barrier caused by the epidemic. With the resumption of production and work in overseas traditional textile processing bases such as India and Vietnam, a wave of potential demand will also be diverted. Indeed, such things are happening quietly!
European and American orders continued, and the export of Indian home textiles to the United States increased by more than 40%
On November 1, 2021, CRISIL, an Indian rating agency, said that India's household textile exports will surge by 20% in fiscal year 2022-23, and the global market share will further increase. According to the analysis data, India's main home textile export share comes from the home retail industry in the United States, accounting for 55% of the total export volume of India's home textile industry. In addition, from January to August 2021, the proportion of cotton bed sheets and towels imported by India to the United States increased significantly to 51%, reaching the peak in recent two years, and the proportion of China decreased from 20% in 2020 to 16%.
According to the analysis of the report, the main factors affecting the growth of India's household textile exports are as follows: 1 The epidemic situation in various countries has developed well and the export volume has increased. 2. With the arrival of traditional festivals in the United States and Europe, retail sales increased. 3. The global procurement strategy is gradually transferring out of China and the local share is increasing.
The growth of India's household textile exports is also closely related to the recovery of India's overall exports. According to the preliminary data of the US Department of Commerce, India's total commodity exports in October reached US $35.47 billion, a year-on-year increase of 42%, an increase of 35% compared with the same period in 2019 and a month on month increase of 6.07%. In October 2021, the export volume of cotton yarn, fabrics and household textiles reached US $1.33 billion, with a year-on-year increase of 46% and a month on month increase of 1.53%. The export volume of ready-made clothes reached US $1.25 billion, a year-on-year increase of 6% and a month on month decrease of 3.85%. In the first quarter of fiscal year 2021-22, the average capacity utilization rate of the three large bed textile enterprises reached 87%, with a year-on-year increase of 19%.
Overseas orders are difficult to improve, and the weaving selection of "lying flat" polyester is worrying in the later stage
At present, the polyester end is weakened as a whole, while the profit at the weaving end is compressed. Polyester terminal weaving is about to enter the off-season, but at present, the terminal orders have been improved due to the impact of double 11, and there is still support in the short term, but there are still few orders in the later stage, especially the overseas orders have not been improved, and the overall downstream terminal demand support is still weak. When the terminal demand is weak and the production and sales continue to weaken, the polyester link achieves the purpose of going to the warehouse through price reduction and promotion to promote production and sales in the short term, but it can not improve the contradiction between supply and demand.
In November, the filament was promoted twice, and the production and sales volume of each day was large, but the downstream did not have a high desire for purchase, which was based on the current recovery of downstream load.
Although many netizens in later places revealed that their factories have begun to shut down and have holidays one after another, most of them lie flat because power and production restrictions have disrupted the order production plan. It is not difficult to imagine what will happen to filament sales once the downstream load drops!
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