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China's underwear industry booming, export growth has slowed by zyzy wang





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China's underwear industry booming, export growth has slowed by
Article Posted: 06/01/2010
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Articles Written: 2301
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China's underwear industry booming, export growth has slowed


 
Business,Business News,Business Opportunities
From 2001 to 2006, China's export volume underwear is about 17.83 percent average annual growth rate amounting to an average annual increase of 23.40%. 1-5 months this year, export volume and value increased by only 4.87% and 11.67% for

Underwear China's current market capacity and great potential for export growth, according to Customs statistics, from 2001 to 2006, annual volume of about a 7.83 percent average annual growth in the amount of average annual growth of 23.40%. This year from January to May, exports had reached 6 billion, earning 9.2 billion dollars. The first five months of this year compared with a year earlier, the export volume and value growth underwear respectively 4.87% and 11.67%. As can be seen, underwear exports last year's rapid growth, the growth rate has been lower this year.

Underwear industry is China's garment industry, one of the most potential industries. In the wave of China's economic takeoff, the underwear industry, flourishing, in just more than ten years, with 20% -30% of the rate of rise of a basic sound and mature industry and the market system. At present, China Guangdong, represented by the formation of the South, with Shanghai as the representative of the eastern and northern China with Beijing as the representative of the "three pillars" of the market situation.

In recent years, China Textile Industry Association named five "China's underwear town," one of which is "China Knitting town", they include Yanbu Town, Nanhai, Guangdong Province, Shenzhen and Shanghai Town, Jinjiang City, Fujian Province, Shantou City, Guangdong Province, Chaoyang, District Gurao Town, Shantou City, Guangdong Province, Chaonan Chendian Xiaolan Town, Zhongshan City, Guangdong Province.

This year from January to May, China's underwear exported to more than 200 countries or regions, the 27-nation EU as a separate market to look at, earning more than 100 million U.S. dollars alone, there are 17 international markets. Which underwear export more than one billion U.S. dollars in the market there are three major markets, namely Japan, the EU and the U.S.. These three markets account for underwear exports earned five number.

The Japanese market close to saturation. While from January to May this year, China's underwear market is still exported to Japan occupied the first position, but the Japanese market nearly saturated, the average annual growth in recent years, the limited foreign exchange underwear. This year from January to May, China's underwear exports to Japan 790 million, down 1.57 percent over the same period the previous year; export 1.866 billion U.S. dollars, down 1.32%; the average price of 2.36 U.S. dollars / piece, an increase of 0.26%.

Although the market saturation, but the market demand for high-quality underwear is thriving. This year from January to May, underwear three pillars of the products exported to Japan has decreased in varying degrees, shirts exported to Japan declined even further, exports of 100 million, down 4.76%; earned 546 million U.S. dollars, down 0.51%.

As the European Union last year, China carried out quantitative import restrictions underwear, underwear exports to the EU marked slowdown in growth in the number, but this year from January to May, underwear exports to the EU the number, amount, prices are increased. This year from January to May, China's underwear exports to the EU 797 million over the previous year increase of 25.78 percent over the same period; export 1.447 billion U.S. dollars, up 30.21%; the average price of 1.82 U.S. dollars / piece, an increase of 3.52%.

Most of them exported to Germany, exports German 207 million, compared with growth of 42.58 percent over the same period the previous year; export 323 million U.S. dollars, up 54.73 percent; the average price of 1.56 U.S. dollars / piece, an increase of 8.56%.

The amount of export volume growth in the United States in 2006, the United States to impose restrictions on the underwear, the underwear exported to the U.S. are subject to certain inhibition, but with the first half of this year, a stable and predictable trade environment, China's underwear exported to the U.S. grew rapidly.

This year from January to May, China's underwear exported to the U.S. 456 million over the previous year grew 96.4 1%; export 1.34 billion U.S. dollars, up 70.39 percent; the average price of 2.94 U.S. dollars / piece, down 13.24%. Which grew faster T-shirts, T-shirts exported to the U.S. exported 076 million, an increase of 168.77%; earned 216 million U.S. dollars, an increase of 130.98%.

From the 20th century, since the mid-90s, China's underwear industry, in particular women's underwear, to achieve long-term development, export growth very quickly. According to statistics, China's underwear industry, the three pillars of the largest export product is T-shirts, shirts and bras. These three products foreign exchange earnings, from 1995 to 2006, T-shirts, shirts and bras average annual growth of 14.46%, respectively, 9.18% and 20.30%.

This year from January to May, China's largest export underwear these three pillars of export products accounted for 76%, but the growth rate has fallen over the previous year. 2006 Shirts, T-shirts and bras growth rate of 47.75%, respectively, 40.71 percent and 112.64 percent, while from January to May this year, the growth rate dropped to 24.05%, 6.11% and -5.72%, we can see bra products exports fell the fastest, has been negative growth this year than last year.

Expert analysis, my underwear is mainly due to slowdown in export growth, first, a high base in 2006, this year's high growth is more difficult to upgrade; Second, with the rapid shift from the macro-economic overheating, macroeconomic policy, showing tight, so that My underwear enterprises feel more pressure; third in the country's trade surplus large appreciation of the renminbi continues to accelerate, textile and garment export tax rebate rate cut and other unfavorable factors, China's textile export price advantage is weakening, cost pressures continue to increase large, corporate shift to the domestic market has increased.

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