Sharp Reduction In Fabric Profits And Decline In Export Orders

At the 117th Canton Fair, the reporter learned that there were few foreign buyers who came to consult in the textile raw material fabric exhibition area, and exhibitors were also very tired.

"Due to the slowdown in international market demand, our textile export orders have declined this year."

Exhibitors of Dongguan Development Industry Co., Ltd.

"The order of this Canton Fair has declined compared with the same period last year, and the number of orders from the buyers in the ASEAN region has been the largest. The number of orders signed by buyers from the European Union, North America and Latin America is relatively small, and the enterprises obviously feel that the export business is difficult to do."

Mr. Zhao, manager of Ningbo St. Delong Import & Export Co., Ltd.

"This session

There are fewer buyers from Russia, and fewer Russian buyers have decided to place orders. This is mainly due to the fact that the Russian economy has not yet fully recovered, and the demand for the market has decreased and the volume of orders has been reduced.

Ningbo Zhixing industry and Trade Co., Ltd. exhibitors said.

According to the data provided by the China Textile Import and export chamber, China has Russia against 1~2 this year.

Exports of US $130 million, down 15.8% from the same period last year, account for 1.5% of China's total exports to the world.

"Since the beginning of this year, the export price of our fabric products has declined compared with that of last year. According to the order situation of this Canton Fair, buyers are very low in price of fabric products."

Wu, the exhibitor of Changshan textile Limited by Share Ltd, said.

"Because the export price of textile products is very low this year, the profit margins of export enterprises have been greatly reduced.

Our company has participated in the Canton Fair for many years, and this year's order is rather poor.

The exhibitors of Huzhou Fu Mei Da Textile Co., Ltd. said.

"The profit margins of fabric exporters have been reduced, which is directly related to their production costs.

Since last year, the cost of labor in China has risen rapidly, pushing up the production cost of fabric products and raising the price of products. However, foreign buyers are unwilling to bear too high product prices, so the order price is very low.

In order to retain customers, some export enterprises have to reduce profit margins.

Wujiang Shengze Lixin Group Co., Ltd. exhibitors said.

According to the data provided by the China Textile Import and Export Association, the export price of fabrics was 1~3 US $1.4 / m this year, down 2.6% from the same period last year.

Export prices for Asian fabrics were 1.57 US dollars / meter, down 1.1% compared to the same period last year, and the yarn export prices to EU and Latin America were 1.44 US dollars / M and 1.1 yuan / m respectively, down 4.2% and 3.9% respectively.

The export unit price of chemical fiber fabrics increased, 1.14 US dollars per meter, an increase of 1.2%; the export prices of cotton, silk and woven wool fabrics were 1.68 US dollars / m, 5.62 US dollars / M and 7.33 US dollars / meters respectively, down 1%, 1.6% and 9.3% respectively.