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The Growing Speed of Textile Industry’s Added Value Might Reach 10.5 Percentage in 2014

From:未知|Time:July 21,2016

[Abstract]  E-Cantonfair -- With the slow recovery of domestic and overseas markets, the overall scale of Chinas textiles kept growing. Manufacture and domestic demand grew slowly while the exportation rose significantly. Looking into 2014, the whole s

 

E-Cantonfair -- With the slow recovery of domestic and overseas markets, the overall scale of China’s textiles kept growing. Manufacture and domestic demand grew slowly while the exportation rose significantly. Looking into 2014, the whole situation of China’s textile industry will improved as the implement and execution of domestic and overseas anti-cyclical economic policies, but there are still many adverse factors such as the lower demand of developed countries, the depreciation of RMB, the distortion of cotton price, the rising trade barriers and the greater cost pressure.

The manufacturing growth will rebound mildly

The growth of textile industry production will remain growing slowly in 2014. On one hand, the improving environment of international demand promotes the pick-up of textile industry. As a classical export-oriented industry, textile industry’s development is greatly influenced by the economic trend of international market. European and American economies are recovering temporarily. On the other hand, stimulated by the policy of steady growth, structure adjustment and reform promotion, China’s economy keeps developing. This will change the developing environment of textile industry and promote the growth of investment. So far, the new order index of textile industry keeps recovering and the new programs keep growing steadily. 

It is predicted that the growing speed of textile industry’s added value in 2014 might reach as 10.5% as in 2012. Among three large industries, the added value of chemical fabric production industry will rebound apparently and the textile industry and textiles & garments industry will grow slowly.

Exportation keeps growing

China’s textile industry will keep growing in 2014. At first, the demand of international market grows moderately. IMF (International Monetary Fund) predicts that the goods importation of developed economies and emerging markets will grow 2.2% and 1% respectively than last year. Among that, China’s traditional export markets of textile industry like Europe, America, Japan and South Korea remain recovering and their importation will grow faster. Furthermore, the demand of emerging markets like ASEAN (Association of Southeast Asian Nations) and BIRC (Brazil, India, Russia and China) will keep growing. Secondly, FED (the Federal Reverse) continues to keep the current Quantitative easing policy and emerging countries will keep following America’s decision on monetary and fiscal policy. Global production industry keeps growing and the demand of textile middle products will remain growing as well. Finally, the export of textile industry will gain policy’s support as the further execution of Opinions on Promoting the Stable Growth of Foreign Trade.

It is predicted that the growth rate of shipment value of textile industry export will reach 9.5%. Among all the industries, the export shipment value of textiles & garments grows significantly while the export growth rate of chemical fabric industry is unstable.

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