Jiangsu textile industry index released, downward pressure is still obvious
The index is a barometer of economic operation. On the 10th, Jiangsu Textile Industry Association organized China Silk Capital Network, China Dieshiqiao Market Index Release Center, and Changshu Clothing City Management Committee to jointly release the operation of Jiangsu textile industry. The relevant index showed that: At present, the downward pressure on the textile industry is still great, but some structural bright spots are also prominent.
China Silk Capital Net developed an index based on the silk and chemical fiber industry in the Shengze area of Wujiang. In the past year, the price index of raw materials has fallen by nearly 2,000 points year-on-year. The industry has undergone in-depth adjustments and the difficulties of enterprises have increased. Monitoring shows that in August of this year, the prices of bulk textile raw materials such as PTA fell sharply year-on-year, domestic demand was weak, and exports fell, causing difficulties for downstream companies to be transmitted to upstream companies. What's more noteworthy is that due to problems such as capital chain problems and inventory backlogs, many textile and apparel companies in Jiangsu and Zhejiang went bankrupt and closed this year. "In addition to the objective factors of market demand, corporate business strategies also have big problems." Guo Qibo, general manager of China Silkdu.com, said frankly that some corporate bosses are playing games in the capital market. After the violent stock market turbulence, assets have shrunk, and the negative impact has spread to the physical manufacturing industry.
In contrast, although the prosperity of the home textile industry is showing a downward trend, it is slightly better than that of the apparel industry. The average production prosperity index has dropped by 2.83% year-on-year, and the survival of the fittest has become a characteristic of the industry's development. Although the export situation of home textiles in the first half of the year was not optimistic, domestic sales showed new bright spots. Half of the enterprises in the Dieshiqiao home textile market opened up online sales platforms, and the volume of express delivery increased sharply. In July alone, the average daily express delivery volume reached 53,000. Pieces, an increase of 30% year-on-year. In response, Yang Jianda, director of the China Dieshiqiao Market Index Release Center, analyzed that Jiangsu’s home textile export and export volume in the first half of the year remained the top three in the country. Compared with the same period last year, the export volume and export volume increased by 0.47%, respectively. 3.08%, but the export unit price dropped by 2.84% year-on-year. The second half of the year will usher in the traditional peak season for the home textile industry, and the rapid growth of e-commerce business cannot be ignored.
The monitoring of the men's clothing industry by the Changshu Garment City Management Committee shows that since the beginning of this year, product prices have continued to decline, and low-end products have become more and more loss-making as they are produced. For menswear companies, more attention should be paid to market segmentation and consumer quality improvement.
China Silk Capital Net developed an index based on the silk and chemical fiber industry in the Shengze area of Wujiang. In the past year, the price index of raw materials has fallen by nearly 2,000 points year-on-year. The industry has undergone in-depth adjustments and the difficulties of enterprises have increased. Monitoring shows that in August of this year, the prices of bulk textile raw materials such as PTA fell sharply year-on-year, domestic demand was weak, and exports fell, causing difficulties for downstream companies to be transmitted to upstream companies. What's more noteworthy is that due to problems such as capital chain problems and inventory backlogs, many textile and apparel companies in Jiangsu and Zhejiang went bankrupt and closed this year. "In addition to the objective factors of market demand, corporate business strategies also have big problems." Guo Qibo, general manager of China Silkdu.com, said frankly that some corporate bosses are playing games in the capital market. After the violent stock market turbulence, assets have shrunk, and the negative impact has spread to the physical manufacturing industry.
In contrast, although the prosperity of the home textile industry is showing a downward trend, it is slightly better than that of the apparel industry. The average production prosperity index has dropped by 2.83% year-on-year, and the survival of the fittest has become a characteristic of the industry's development. Although the export situation of home textiles in the first half of the year was not optimistic, domestic sales showed new bright spots. Half of the enterprises in the Dieshiqiao home textile market opened up online sales platforms, and the volume of express delivery increased sharply. In July alone, the average daily express delivery volume reached 53,000. Pieces, an increase of 30% year-on-year. In response, Yang Jianda, director of the China Dieshiqiao Market Index Release Center, analyzed that Jiangsu’s home textile export and export volume in the first half of the year remained the top three in the country. Compared with the same period last year, the export volume and export volume increased by 0.47%, respectively. 3.08%, but the export unit price dropped by 2.84% year-on-year. The second half of the year will usher in the traditional peak season for the home textile industry, and the rapid growth of e-commerce business cannot be ignored.
The monitoring of the men's clothing industry by the Changshu Garment City Management Committee shows that since the beginning of this year, product prices have continued to decline, and low-end products have become more and more loss-making as they are produced. For menswear companies, more attention should be paid to market segmentation and consumer quality improvement.
