According to China Customs statistics, 2021 year1-11 month, my country’s clothing (including Clothing accessories, the same below) exports 159.27 billion US dollars, a year-on-year increase of 25.4%, Spanish> span>2015A new high for the same period since 2015.
In the first three quarters of this year, my country’s clothing export growth rates were 47.4% and 35.7%And9.6%. Since the fourth quarter, the growth rate of clothing exports has rebounded significantly compared with the third quarter, 10Monthly exports16.94 billion, a year-on-year increase of 25%, 11 Monthly exports 15.92 billion, a year-on-year increase of 23.6%.
01
Knitted clothing has a high contribution to export growth
Woven garment exports rebounded rapidly
From January to November, knitted clothing exports681.1 billion US dollars, a year-on-year increase of 43.1% , an increase of 23.2% over the same period in 2019, and the export unit price increased by 8.7% year-on-year. . About two-thirds of the overall apparel export growth comes from knitted apparel. Woven clothing exports61.29 billion, a year-on-year increase of 12.1%, an increase of 6.1% over the same period in 2019, and the export unit price increased year-on-year18.1%. Since 10 months, the export of woven garments has grown rapidly, with export growth exceeding 25% for two consecutive months.
From January to November, exports of anti-epidemic clothing and medical protective clothing were US$7.12 billion, a year-on-year decrease of 55.7% span>, the export of medical gloves was US$9.8 billion, a year-on-year increase of 24.5%.
02
Exports to major markets maintained high growth
Exports to the United States11Monthly slowdown
From January to November, Chinese clothing exports to the three major markets ofthe United States, the European Union, and Japan Market exports increased by 38.1%, 22.6% and 8.5%, export growth to “One Belt, One Road”countries along the route28.6 %, exports to ASEAN, the Middle East, Africa, and Latin America respectively increased26.3%, 27.6%, 35.3% and 48.7%, for South Korea, Australia, CanadaExports increased by 23.9%, 30.6% and 11.7%. Exports to the United Kingdom and Russia respectively fell 4.2%And0.6%. It is worth noting that, driven by strong consumption in the United States, my country’s clothing exports grew at an annual rate in the first 11 months. One-third comes from exports to the United States, but the growth rate of exports to the United States slowed down significantly in November to 11.1%, which is 12.5 percentage points lower than the global export growth rate.
03
Guangdong’s exports rank first
Shandong and Fujian are growing faster
From January to November, Guangdong’s total apparel exports ranked first, with a year-on-year growth of 35.8%, Higher than the national average growth rate. Zhejiang and Jiangsu grew by 21.9% and 15.6% respectively, which was lower than the national average growth rate. Shandong and Fujian grew by 35% and 43.8% respectively, higher than the national average growth rate. ���Among the central and western provinces and cities, Shanxi, Ningxia, Sichuan and Tibet all increased by more than 100%, while the exports of Hubei, Guangxi, Beijing, Henan, Chongqing and Gansu declined year-on-year.
04
Retail sales in U.S. apparel market hit record high
The EU and Japanese markets are recovering slowly
2021YearUnited StatesClothing retail sales hit a new high, growing compared with before the epidemic10% or more. From January to Octobermonthly clothing imports increased by about 6% compared with before the epidemic. However, it is expected that the U.S. market clothing consumption in 2022 will be affected by factors such as inflation, the fading impact of stimulus policies, and excessive consumption. There is insufficient stamina, Especially this year, the price of clothing has increased by 5% in only November this year. , price increases have a greater inhibitory effect on consumption, Clothing demand is likely to be lower than 2021 years, but may still be higher than before the epidemic.
2021YearEuropean UnionConsumption recovery is slow and has not yet returned to pre-epidemic levels. The recovery has accelerated since the beginning of the quarter and has returned to about 90% before the epidemic. The performance of clothing giants such as Inditex, H&M has exceeded 2019 same period of year. 1-10The EU’s clothing imports from January to October were still about 2% lower than before the epidemic, It is expected that 2022 will continue to return to 2019.
2021YearJapanThe recovery of the consumer market has stalled, The monthly sales from January to Octoberare only about201975%of the same period in 2019, or even Slightly lower than2020 year. 1-10Monthly clothing imports are still 18% lower than 2019the same period last year, It is expected that the possibility of fully returning to pre-epidemic levels in 2022 is low.
05
The Japanese clothing industry is now“The trend of returning home“
Some production lines are planned to be moved back to the mainland
According to Japanese media reports, under the continued impact of the global supply chain crisis, JapanWORLD, TSI Holding and other apparel companies plan to transfer part of their production in China and Vietnam back to China,on3-5 Increase the proportion of local production from the current 10%-20% to 30%-50%.
06
Cambodian clothing production gradually recovered to
Pre-epidemic level
During the severe period of the epidemic, the Cambodian Garment Chamber of Commerce and many other chambers of commerce issued a joint statement stating that due to the impact of the new coronavirus pneumonia epidemic, about 400 home-made products Clothing and travel supplies companies have suspended production, affecting approximately 150,000 workers. With the epidemic in Cambodia under control, As of now, the production of many garment factories has fully returned to pre-epidemic levels.
07
The New Year is approaching and shipping rates are rising again
As the New Year approaches, the Omicron mutant strain has caused the epidemic to continue to rebound, the recovery process of the supply chain has slowed down, and sea freight rates have continued to rise. In November, although China’s export container freight comprehensive index fell back compared with 10 1.54%, but the freight index for the US-Western route still rose 0.27%. While market demand remains high and supply chain congestion has not been significantly alleviated, the average slot utilization rate of US-line ships is close to the full load level, and high freight rates will continue.
08
Outlook
Looking at the situation next year, Firstly, Overseas orders in the first quarter and even the first half of the year are still relatively large. Adequate; Secondly, The impact of the Omicron virus is still difficult to judge, and overseas production capacity has recovered and snatched orders from China It will still take time;Third,The shipping bottleneck will still be difficult to fully solve at least in the first half of the year, and buyers will place orders in advance The practice of stocking up will continue;Fourthly,There is limited room for increasing domestic production capacity, rising costs, labor shortages, energy Factors such as supply and domestic demand growth may have cross-effects on China’s clothing exports.
an>Looking at the situation next year,Firstly,overseas orders are still relatively sufficient in the first quarter and even the first half of the year; span>Second,The impact of the Omicron virus is still difficult to judge, and it will still take time to restore overseas production capacity and grab orders from China. ;Third,The shipping bottleneck will still be difficult to fully resolve at least in the first half of the year, and buyers still have to place orders in advance to stock up. will continue; Fourthly, There is limited space to increase domestic production capacity, rising costs, labor shortages, energy supply, and domestic demand growth and other factors may have a cross-effect on our clothing exports.
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