Wool textile export market recovery

Wool textile export market recovery

The China Wool Textile Industry Association recently released a report on the performance of China's wool textile industry from January to August.

According to the report, the production of major woolen products continued to grow from January to August, and the gross yarn production of wool spinning enterprises on the regulations was 272,200 tons, an increase of 4.01% over the same period of last year. The growth rate was 1.05 percentage points higher than that in the first half of the year and 6.03 points over the same period of last year. percentage point. This year, the wool textile industry has developed steadily and the production of wool textile products has grown steadily. The recovery of exports from major markets has been good, and various economic indicators have steadily increased.

From the perspective of import and export, the total import and export of wool textile raw materials and products from January to August reached 11.25 billion yuan, a year-on-year increase of 5.12%, and the growth rate was 1.28 percentage points higher than that in the first half of the year. From January to August, the total value of wool textile raw materials and products exports was 8.464 billion U.S. dollars, a year-on-year increase of 11.16%, an increase of 11 percentage points over the same period of last year. Take Zhejiang, an example of wool exports, as an example, in the first three quarters of this year, the export volume of wool in Huzhou City, Zhejiang Province has increased substantially year-on-year, and the value of wool sliver exports has increased by 60%. This is consistent with the continuous update of production technology of wool spinning processing enterprises and the export of wool slivers. Constantly enriched, quality has greatly improved and close relationship.

At the same time, the industry’s investment in fixed assets also increased. From January to August, enterprises in the wool textile industry actually completed a fixed asset investment of 21.256 billion yuan, a year-on-year increase of 24.97%, an increase of 2.87 percentage points from the same period of last year and 13.97 percentage points lower than the growth rate in the first half of the year. Among them, 171 were completed projects, an increase of 14.00% year-on-year, and the growth rate was 23.09 percentage points higher than that of the same period of last year, a decrease of 44.33 percentage points from the first half of the year.

Although the wool textile industry has developed steadily this year, it also faces certain challenges. According to data from the National Bureau of Statistics, from January to August, the industrial added value above designated size increased by 8.5% year-on-year, and the growth rate dropped by 0.3% from the first half of the year. Among them, the cumulative growth of the textile industry was 6.7% year-on-year, with the growth rate falling 0.2% from the first half of the year. From July to August, the domestic economy experienced a slowdown from the first half of the year, coupled with the decline in the growth rate of new investment in the wool textile industry, which made the newly added industry face the risk of lack of motivation.

Statistics from the National Bureau of Statistics show that the total wool imports from the wool textile industry during the period from January to August fell by 11.37% year-on-year, which was a significant rebound from the first half of the year. Moreover, the Australian wool exports in 2014/15 that started in July (cumulative total exports from July to August 2014) decreased, and wool prices rebounded. The wool trade situation has improved compared with the first half of the year. If the market can maintain the demand for wool, it will be able to drive the industry as a whole.

In addition, according to the survey conducted by the Wool Textile Association on wool textile products in the survey of industry enterprises, the average profit level of feedback from wool textile enterprises in the first half of 2014 was higher than that in 2012 and 2013, and the profitability of enterprises increased.

Combined with the improvement of consumer confidence index in the third quarter, steady recovery of exports in the first three quarters of 2014 and other factors, the stable situation in the wool textile industry in the fourth quarter is expected to continue.

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