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In the third quarter,China's textile and apparel exports may grow steadily
In July 2022, the cost-driven factors will increase, and the market price of chemical fiber in the upstream textile industry will first decline and then rise. In the first half of the month, the cost support was weak, and under the high temperature weather, textile factories were shut down one after another for holidays, and the demand for the chemical fiber market continued to weaken, resulting in a continuous downward shift in the focus of the chemical fiber market. By the end of July, international oil prices had risen, polyester raw materials fluctuated strongly, and cost support had improved; and the start-up load of chemical fiber factories was at a low point during the year, and market supply had declined; in addition, foreign trade orders were partially placed, and demand slightly warmed up, jointly promoting the chemical fiber market. Prices rebounded from lows.
In July 2022, the textile market entered the traditional off-season of consumption, the operating rate of domestic texturing and weaving factories declined, and the production of cloth decreased month-on-month and year-on-year. According to the statistics of Zhuochuang Information, the starting load of Jiangsu and Zhejiang comprehensive looms continued to decline in July, and there was a slight rebound at the end of the month. In July, the comprehensive start-up load of Jiangsu and Zhejiang looms was around 52.5%, down 4.2% month-on-month and 24.49% year-on-year. Dragged down by the weak demand in the end consumer market, China's cloth output in July was 3.08 billion meters, down 8.88% month-on-month and 9.4% year-on-year.
In July 2022, China's textile and apparel exports maintained a rapid growth trend, with a year-on-year growth rate of 17.6%. In July, China's textile exports maintained a rapid growth rate, mainly due to the expansion of external demand, as well as rising costs and rising textile and apparel prices. In addition, China's textile price advantage still exists, but the impact is gradually weakening.
Looking forward to the third quarter, the operating rate of domestic textile factories will still be at a low level in the same period, and the price of chemical fiber market is difficult to show a sustained downward trend. The peak period; coupled with the efficient and stable supply level of the industrial chain of China's textile industry, will promote the stability and improvement of my country's textile and apparel exports. However, the current domestic and foreign trade environment is still complex and severe, and the foreign trade development of my country's textile and garment industry is still facing pressure and challenges brought by multiple unstable factors. In addition, factors such as geopolitical risks, international trade frictions, the transfer of international orders, and weakening consumer demand will also comprehensively affect the foreign trade trend of my country's textile industry in the third quarter.
