my country’s chemical fiber fabric export growth slowed down in the first three quarters

Recently, the growth rate of my country’s chemical fiber silk fabric exports has slowed down. At the same time, the domestic market sales of silk fabrics have entered a downturn. Industry insiders said that high international silk fabric inventories and reduced market demand have led to a decline in the trading volume of chemical fiber fabrics.
​Export prices drop
The reporter learned that in the first three quarters of this year, the growth rate of my country’s textile fabric exports continued to slow down. According to customs statistics, from January to September, my country’s textile fabric exports totaled US$27.142 billion, a year-on-year increase of 1.97%, and the growth rate was 14.09 percentage points lower than the same period last year. Among them, the cumulative export of chemical fiber filament fabrics was US$8.697 billion, a year-on-year increase of 4.18%, and the growth rate was 8.58 percentage points lower than the same period last year.
According to customs statistics, my country’s total exports of textile fabrics in the third quarter were 19.663 billion meters, a year-on-year increase of 0.35%, and the growth rate was 13.66 percentage points lower than the same period last year. Among them, the cumulative export of chemical fiber filament fabrics was 8.464 billion meters, a year-on-year increase of 7.09%, and the growth rate was 3.84 percentage points lower than the same period last year; the average price was 1.03 US dollars/meter, a year-on-year decrease of 2.83%. Excluding the impact of exchange rates, my country’s filament fabric export prices actually fell by 3.56% year-on-year.
From the perspective of specific products, in the third quarter, my country’s nylon filament fabric exports totaled 190 million meters, a year-on-year increase of 10.05%, the growth rate increased by 12.58 percentage points, and the price increased by 0.75% year-on-year; the export of polyester filament fabrics maintained growth, with an export volume of 74 100 million meters, a year-on-year increase of 6.54%, and the average price was US$1.03/meter, a year-on-year decrease of 3.74%.
​Industrial filament fabrics are popular
From the perspective of major trading regions, my country’s major export markets for chemical fiber filament fabrics further adjusted in the third quarter, with obvious changes. Driven by the improvement of the European economy, the EU market has grown steadily and exports have increased significantly. Affected by the transfer of downstream industries, the demand for my country’s chemical fiber filament fabrics in Vietnam, Pakistan, Brazil and Indonesia has grown rapidly. Affected by the situation in the Middle East, exports to the UAE fell by 21.55% year-on-year.
It is worth noting that data from the Office of Textile and Apparel of the U.S. Department of Commerce from January to August 2014 showed that the cumulative amount of light and thin chemical fiber filament fabrics imported by the United States from around the world decreased by 8.32% compared with the same period last year. Among them, the light and thin categories (household apparel) from China Products) The number of chemical fiber filament fabrics decreased by 13.73% year-on-year, accounting for 59.78% from 63.53% in the same period last year; the number of heavy-weight (industrial products) chemical fiber filament fabrics increased by 26.75% year-on-year, among which heavy-weight chemical fibers from China The quantity of filament fabrics increased by 76.22% compared with the same period last year, and its proportion increased from 10.48% in the same period last year to 14.56%.
The relevant person in charge of the China Chamber of Commerce for Import and Export of Textiles said that the U.S. economy has recovered well since the beginning of this year, and the market demand has been adjusted in the product structure. The demand for chemical fiber filament fabrics for clothing and household use has declined slightly; however, this round of recovery of the U.S. economy mainly relies on Revitalize the local manufacturing industry. With the recovery and development of industry, the market favors industrial filament fabrics more.
​Domestic market sales are sluggish
Recently, domestic sales prices of my country’s chemical fiber filament fabrics have continued to be sluggish. Industry insiders said that because the current market prices are generally low, it has been difficult for companies to adjust prices to attract the market. In addition, demand is very limited, prices can only hover in a lower range, and corporate profit margins are narrow.
In addition, according to statistics from the National Bureau of Statistics, in the first three quarters, my country’s chemical fiber filament weaving enterprises suffered losses of 14.48%, an increase of 1.88 percentage points from the same period last year. The cumulative losses of loss-making enterprises were 279.49 million yuan, a year-on-year increase of 47.75%; a single enterprise The average loss was 1.9 million yuan, an increase of 6% over the same period last year, indicating that the company’s losses continued to expand and the degree of losses deepened.