Composite Fabric,bonded fabric,Lamination Fabric Lamination Fabric News Indian cotton has skyrocketed, and more than 600,000 workers will go on strike to call for a ban on cotton exports and a reduction in imported cotton tariffs! How do domestic companies respond to the “ice and fire” situation in the textile industry in China and India?

Indian cotton has skyrocketed, and more than 600,000 workers will go on strike to call for a ban on cotton exports and a reduction in imported cotton tariffs! How do domestic companies respond to the “ice and fire” situation in the textile industry in China and India?



Since New Year’s Day, news about the Indian textile industry has been flying all over the place. From the skyrocketing price of cotton yarn to calls for strikes to ban cotton exports, the news about the Indian …


Since New Year’s Day, news about the Indian textile industry has been flying all over the place. From the skyrocketing price of cotton yarn to calls for strikes to ban cotton exports, the news about the Indian textile industry is dizzying.

India‍‍‍‍‍‍‍‍The textile situation in India is very good

With the epidemic under control in India,2021Diwali (202111Since April4), India’s domestic textile industry has been in a good situation, with smooth production and sales of textile mills and increasing order returns. According to data from the Ministry of Industry and Commerce of India, India’s apparel exports in December 2021 were 1.46USD, a year-on-year increase of 22%, a month-on-month increase of 36.45%;In DecemberIndia’s exports of cotton yarn, fabrics and home textiles were 1.44 billion, a year-on-year increase46%, a month-on-month increase of 17.07%. 2021Year10-12Month Indian cotton futures rose 31%, spot prices rose by more than 70%, domestic cotton yarn prices rose by 15%, and export prices rose 27%.

TEAUrges Indian government to ban cotton exports

In view of the abnormal increase in cotton and cotton yarn prices in India, TiruppurExporters Association (TEA) called on 1month17day-8 day of strike,60More than 10,000 workers and 2,000 direct exporters will participate in the strike. TEA said that the Indian government should ban cotton exports.

 

TEAChairmanRaja M Shanmugham said:India’s cotton and cotton yarn exports are increasing Benefiting our competitors. India’s share in knitwear exports is only 4% compared to China’s 39%, Vietnam is 13%, and Bangladesh is 14%. The government should ban cotton exports, This way domestic industries can compete in the international market and India can benefit from value addition. If necessary, increasing the minimum support price (MSP) can protect the interests of farmers.

 

This issue has attracted the attention of the government. Textile industry representatives have submitted a memorandum to Textile Minister Piyush Goyal seeking government intervention.

 

TEA also urged the government to stop cotton futures trading because investors’ trading activities also led to rising cotton prices.

 

Shanmugham said that in order to meet export orders, the industry is currently producing at full capacity, but the recent increase in cotton and cotton yarn prices has worsened the situation for exporters and manufacturers. The additional cost is unbearable for them and has plunged Tiruppur’s garment units into deep crisis. TEAhas asked other textile organizations such as the Textile Mills Association, SISA, TASMA and ITF called on their members not to raise the price of cotton yarn.

On January 112, USDA supply and demand forecasts were lowered to stimulate US and global cotton inventoriesICE futures rose nearly 300 points during the session, and subsequent profit taking suppressed cotton prices giving up half of the gains. Judging from supply and demand data, the fundamentals of US and global cotton have tightened unexpectedly, among which India’s exports in the new year are expected to remain at 126.3>

It’s almost the end of the year. In previous years, stocking up before the end of the yearLittle red envelopesThis year the yarn mill did not get it , it is estimated that this year will also pass silently, and we have to worry about the impact of the epidemic on the start of the labor union after the year.

The sudden rise of India’s textile industry has deeply threatened the domestic textile industry. The current textile situation in India and China can be described asHalf sea water and half fire It is not easy for Chinese companies to carve up the textile cake in the international market. Internal problems such as weakening consumption and poor downstream transmission are constant. Externally, India, Indonesia, Vietnam and Pakistan are catching up. Domestic textile and clothing exports The largest European and American markets also face the impact of volatile international relations.

Photo source: Economic Daily

China’s textile and apparel industry has begun to enter a period of adjustment

As a light industry that is closely related to national life, the textile and apparel industry in my country still has low entry barriers, personalized consumption, fierce competition, and low market share of leading companies at the current stage. , domestic brands have not yet formed a strong position and other phenomena.

A big pain point in the traditional textile and apparel industry is inventory problems. How to build a supply chain with a rapid response mechanism to meet customer needs without causing a large amount of inventory has always been a difficulty. Therefore, for textile and garment enterprises, establishing and improving supply chains and reducing inventory pressure are one of the core means to maintain superiority in the future competition of survival of the fittest in the industry.

The current changes in consumer demand in the domestic textile and apparel industry mainly include:

First of all, from the perspective of demand, clothing is a non-standard product, and people’s consumption is relatively more personalized. At present, textile and clothing consumption is personalized, and companies need to form obvious advantages in marketing, cost-effectiveness, brand influence, etc. to seize the opportunity. market share.

In addition, from the perspective of exports, although China is still the world’s largest exporter of ready-made garments, the growth rate of China’s ready-made garment exports has shown a downward trend year by year, and judging from the decline in sales volume, market share is still continuing. decline. Therefore, in the context of the continued decline in the growth rate of my country’s textile and apparel exports, it will become more and more difficult for domestic textile and apparel brands to go overseas. It is increasingly necessary for domestic enterprises to accelerate the layout and innovation of improving product quality, supply chain response mechanisms, market guidance and other aspects. Forcing the development of my country’s supply chain system.


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