Recently, according to the latest data from the General Administration of Customs of China, in June 2023, my country’s textile and clothing exports were US$26.992 billion, a year-on-year decrease of 12.65%. Among them, the export value of textiles (including textile yarn, fabrics and products) was 11.567 billion US dollars, a year-on-year decrease of 12.86%; the export value of clothing (including clothing and clothing accessories) was 15.425 billion US dollars, a year-on-year decrease of 12.49%. From January to June 2023, the cumulative export value of my country’s textiles and clothing was 142.679 billion US dollars, a year-on-year decrease of 8.35%, of which the cumulative export value of textiles was 67.697 billion US dollars, a year-on-year decrease of 10.92%; the cumulative export value of clothing was 74.982 billion US dollars, a year-on-year decrease of 5.89% %. From September 2022 to June 2023, the cumulative export value of my country’s textiles and clothing was 248.245 billion US dollars, a year-on-year decrease of 8.91%, of which the cumulative export value of textiles was 114.080 billion US dollars, a year-on-year decrease of 11.09%; A year-on-year decrease of 6.98%. How long will it take for the textile and garment industry to recover? Let’s first look at the upstream industry. According to Longzhong News, the price of polyester filament has shown a slight upward trend since July, but production and sales have always been at a tepid stage. Downstream manufacturers are not very active in stocking up. On the one hand, the order market Constraints, on the other hand, the promotion of upstream raw material factories has shrunk, which has led to a decline in the stocking demand of downstream users. The rising trend of prices is mainly due to the relatively strong cost side and the relatively small pressure on the raw material inventory in the factory. The current market has feedback that during the Asian Games, polyester factories may reduce their negative expectations due to environmental protection issues. Therefore, In the short term, the load of polyester factories is particularly strong, and the downstream will also consider that if the subsequent Asian Games and power cuts are affected, there is an expectation of stocking up in advance. Therefore, under the influence of multiple factors, the price of polyester filament is still supported. At present, it is understood that the terminal weaving power cut has little impact, and some factories have experienced a moderate decline in the load due to the drag on the capital chain. The textile market is still dominated by domestic orders, and the profit compression is relatively serious. Under the current triple impact of high temperature, profit and power-limiting policy, the order situation of superimposed weaving manufacturers is difficult to improve. Most factories still mainly produce winter fabric inventory. It is relatively large, so it is difficult to fully drive the production enthusiasm of the factory.
