It is expected that 2016 textile industry will maintain growth

In 2016, the textile industry is expected to maintain a moderate growth, and exports will be positive. In 2016, the complexity of the external situation faced by the textile industry will remain unchanged. The global economic recovery is still weak, and the overall recovery of international market demand is insufficient. With the advancement of the supply-side structural reform process, the domestic economy is expected to maintain moderate to high-speed growth in a reasonable range, and the total domestic demand will continue to expand steadily, but it is difficult to significantly increase the growth rate.

Taking all factors into consideration, in 2016, with the implementation of some policies favorable to manufacturing industry, the obvious expectation of devaluation, domestic demand support, and the recovery of economic demand of major export market countries, it is expected that the textile industry will remain moderate. Growth trend.

Export aspects

It is expected that the growth rate of textile and apparel exports will gradually stabilize and achieve positive growth in 2016

Among them, China's cotton and knitted garments have accelerated the phenomenon of foreign migration, Vietnam and other Southeast Asian countries continue to erode China's international market share, in the short term although not constitute China's international market share, but the long-term impact of orders and production capacity shift can not be ignored.

Domestic demand

The upgrading of consumption structure and the characteristics of retail channel innovation are obvious. It is expected that the growth rate of clothing retail sales above quota will be slightly higher than that of 2015.

In 2016, it was the first year of China's "13th Five-Year Plan". With the acceleration of supply-side structural reforms, "three go, one drop, one fill," "popular entrepreneurship, innovation," "Made in China 2025" The pull of other growth engines will support the macro economy to maintain a medium-to-high-speed growth in a reasonable range. In addition, the scale of domestic consumption in China will continue to expand steadily, with a stable employment situation, increasing resident income, urbanization rate, overall stabilization of the real estate market, and other factors that will play an active supporting role. At the same time, residents will be willing for new consumer products, models, and formats. Stronger.

Production and benefits

The positive growth of exports, and the steady growth of domestic demand, can support the stable operation of the industry.

In 2016, the fundamentals of the oversupply of the global cotton market remained unchanged. Inventories continue to expand and, with the appreciation of the US dollar, international cotton prices will be at relatively low levels compared to 2015.

Although market competition continues to intensify, the cost of labor and other factors continue to increase, and the structural overcapacity of chemical fibers remains unresolved, effective implementation of policies and measures such as reducing costs and expanding effective supply will be difficult for the textile industry. Improvements are expected to increase the indicators such as main business income and total profit, compared to 2015.