In September, some textile companies reported that overseas orders had been placed one after another. Weaving factories were crowded and lined up, and dyeing factories were also in a state of liquidation. The number of foreign trade orders increased significantly. Also according to customs statistics from January to September 2021, my country’s cumulative export volume of textiles and clothing was US$227.594 billion, a year-on-year increase of 5.47%, of which the cumulative export volume 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%.
But one factor that cannot be ignored is that the textile industry in India and other Southeast Asian countries has been hit hard due to the epidemic. orders returned to China as a result.
As for the market situation after November, it is understood that textile companies and cloth factories cannot express optimism about the market outlook. Currently, companies report that there are generally fewer orders. Part of the reason is that orders have been moved forward due to the global supply and demand mismatch and logistics barriers caused by the epidemic. As traditional textile processing bases such as India and Vietnam resume production and work overseas, they will also be diverted away. A wave of potential demand. Indeed, such things are happening quietly!
Continuous orders from Europe and America
Indian home textiles Exports to the United States increased by more than 40%
On November 1, 2021, the Indian rating agency Crisil stated that India’s home textile exports will surge by 20% in the 2022-23 fiscal year, and the global Market share will further increase. According to analyzed data, India’s main home textile export share comes from the home retail industry in the United States, which accounts for up to 55% of the total exports of the Indian home textile industry. In addition, from January to August 2021, India’s proportion of cotton sheets and towels imported from the United States increased significantly to 51%, reaching the peak in the past two years, while China’s share dropped from 20% in 2020 to 16%.
The report analysis pointed out that the main influencing factors for the growth of India’s home textile exports are: 1. The epidemic situation in various countries is developing for the better and export volume has increased. 2. With the arrival of traditional festivals in the United States, Europe and other countries, retail sales increase. 3. The global procurement strategy is gradually shifting away from China, and the local share is increasing.
The growth in India’s home textile exports is also closely related to the recovery of India’s overall exports. According to preliminary data from the U.S. Department of Commerce, India’s total merchandise 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 value of cotton yarn, fabrics and home textiles reached US$1.33 billion, a year-on-year increase of 46% and a month-on-month increase of 1.53%. The export volume of ready-made garments 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 three large bed textile companies reached 87%, a year-on-year increase of 19%.
Overseas orders are difficult to increase
Weaving Choose “lay flat”, the situation of polyester will be worrying in the future
At present, the overall polyester end is weakening, while the profits of the weaving end are compressed. The polyester terminal weaving segment is about to enter the off-season, but currently terminal orders have increased due to the influence of Double Eleven. There is still support in the short term, but later orders are still small, especially overseas orders have not yet increased, and the overall downstream terminal demand support is still weak. When terminal demand is weak and production and sales continue to weaken, the polyester link uses price reduction promotions to achieve the purpose of destocking and promote production and sales in the short term, but it cannot improve the contradiction between supply and demand.
There were two filament sales promotions in November. Each time, the production and sales volume increased on the same day, but the downstream did not have a high desire to purchase, and this was based on the current recovery of the downstream load. . Although power cuts will be normalized in the future, the side effects may be more obvious. Recently, netizens in Jiangsu, Zhejiang and other places have revealed that their factories have begun to suspend work and take holidays. Most of them are due to power cuts and production restrictions that disrupt order production. The plan has led to flatness. It is not difficult to imagine what will happen to filament sales once the downstream load drops! </p
