March 01 2010
Frbiz Forecasts 2010 China Textile Industry Exports Will Weaken
PR Newswire
BEIJING, March 1
BEIJING, March 1 /PRNewswire-Asia/ -- Frbiz.com, one of China's leading B2B search platforms, forecasts 2010 China textile industry exports will weaken.
Frbiz analyzes that, affected by the international market's continued weak demand, 2009 China textile industry exports appeared to decline. It is predicted that by 2010, the industry's export growth will remain sluggish.
According to statistics from 2009, China's textile and apparel exports amounted to 17 billion U.S. dollars, year-on-year down 9.6 percent, during which the first 10 months of industry exports continued to hover around 11 percent. Exports fell in November, but by the narrow margin of only 1.56 percentage points; the recovery rate was even slower.
Frbiz analyzes that the decline in exports was mainly concentrated in small companies. In 2009 export delivery value fell 3.2 percent for the big textile enterprises, a decline of more than 5.2 percent compared with the last 1-2 months, while the small enterprise exports fell by 22 percent, a decline of more than 8.6 percent compared with the last 1-2 months.
Despite declining exports, China's international competitiveness in the textile industry still continues to strengthen, and share continues to rise. According to relevant statistics, from January to November in 2009, China's exports of textiles and apparel and the U.S. share of total imports reached 40 percent, and compared with same period last year increased 5 percent. In Japan, the share of total imports reached 78.5 percent, which increased 1.77 percent compared with the same period the prior year.
Although the textile industry demonstrates encouraging progress, because of international market demand, the pace of recovery in 2010 for China's textile industry is still limited. (http://frbiz.com/catalog-29000000-1/Textiles_Leather_Products.html )
Source: PRNewswire-Asia
