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Himfr Analyzes 2010 Textile Industry Situation
Feb 20, 2010 (09:02 AM EST)
BEIJING, Feb. 20 /PRNewswire-Asia/ -- Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, analyzes 2010 textile industry situation.
As affected by the demand of the international market downturn, the textile industry exports in 2009 had a most significant decline. Himfr predicts that in 2010, the textile industry's export growth will remain sluggish.
According to statistics in 2009, China's textile and apparel (http://himfr.com/list-product-Textiles_Leather_Products-29000000-1.html) exports amounted to 171 billion U.S. dollars, year-on-year, down 9.6 percent. The first 10 months of industry exports continued at a low, hovering around 11 percent, while exports narrowly fell in November. But with the narrow margin of only 1.5 percent, the recovery rate was slower.
Himfr reports that the decline in exports mainly concentrated in small businesses. For textile enterprises above designated size in 2009, the export delivery value fell 3.23 percent, a decline of more than 1-2 months narrowed 5%; while the small enterprise exports fell by 22 percent, a decline of more than 1-2 months narrowed 8.6 percent.
Despite the decline in exports, Himfr expects that China's textile industry in international competitiveness will continue to strengthen, and in the international market share it will continue to rise. According to relevant statistics, in 2009 1-11 months, China's exports of textile and apparel in the U.S. share of total imports reached 40.22 percent compared with same period of last year, which increased 5 percent. In Japan, the share of total imports reached 78.54 percent, which over the same period of last year increased 1.77 percent.
The textile industry has achieved encouraging progress, but with the international market demand and the impact of the slow pace of recovery in 2010, China's textile industry's export growth momentum is still limited. In 2010, with the international market demand conditions gradually improved, China's export of the textile industry will end the financial crisis situation and gradually restore growth trend. But growth will decline significantly more than before the crisis. Himfr expects the annual export growth to increase 4 percent.
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