After consulting the National Bureau of Statistics and the Textile Association’s annual report data, I will summarize the following data for you to establish some overall awareness:.
1, China’s annual cotton production of about 6.5 million tons (about 80% of production in Xinjiang), imports of about 2 million tons, a total of about 8.5 million tons.
2, the more than eight million tons of cotton used to spin into yarn, if it is pure cotton yarn, the conversion rate is roughly 96%, basically a ton of cotton spun out of a ton of yarn. But now the pure cotton products have been very little, generally are added to a variety of chemical fiber raw materials or wool, adding a large proportion of still. After the large-scale addition, China’s annual yarn production is roughly 30 million tons. In addition China will import about 2 million tons of various high-grade yarn.
3, see here, China in the field of raw materials such as cotton and yarn, the degree of dependence on foreign trade is not yet high. But then, in the field of finished products, it begins to show the symptoms of distinct foreign trade dependence. These raw materials will be mainly used in three areas: clothing and Home textiles, technical textiles. Let’s look at them separately.
4, clothing field, the annual domestic retail sales remain roughly at about 1 trillion yuan, exports remain roughly at about 120 billion U.S. dollars, or about 840 billion yuan. The ratio of exports to total garment production, amounting to 46%. In the field of home textiles, the annual domestic retail sales amount is about 200 billion RMB, and the export value is about 42 billion USD, which is about 300 billion RMB, and the export ratio of home textiles is up to 60%. Technical textiles, domestic retail sales of about 80 billion yuan, exports of about 27 billion U.S. dollars, equivalent to 190 billion yuan, exports accounted for 70%.
5, the three major finished textile industries together, the total export scale is close to 190 billion U.S. dollars, the ratio of exports to total production is about 50%.
See what I mean: This means that half of the yarn woven and cloth spun in China will eventually have to be sold abroad, and the domestic market can only digest half.
And, more crucially, China’s exports of clothing and textile products, which are basically exports from foreign companies, account for about 90% year-round. For example, in the field of clothing, China’s national brands basically have no export capacity. Although our local garment production enterprises have great capacity, but when exporting, they must be labeled as foreign brands and counted as exports from foreign enterprises. For that matter, the textile associations in Europe and the United States, the rejection of Xinjiang cotton, foreign enterprises are bound to follow. This is a direct blow to China’s clothing and textile exports, is considered to be formed. Accounting for the absolute advantage of China’s cotton production of Xinjiang cotton was rejected by foreign enterprises, which means that fifty percent of the terminal capacity must find new raw materials for replacement, which means that if we continue to maintain the existing capacity remains unchanged, then in the field of raw materials, the scale of imports must rise to fifty percent.
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