DUBLIN - (Business Wire) Research and Markets(http://www.researchandmarkets.com/research/659286/research_report_of) has announced the addition of the "Research Report of China's Textile Industry, 2009" report to their offering. Textile products mainly contain cotton, bast, wool, silk, chemical fiber and some primary dyeing and printing products. Thus analysis and research of the textile industry will focus on the industrial chain of these products and development trend of related industries.
Actually, the textile industry mainly involves processing such raw materials as cotton, wool and silk and materials for daily necessaries like clothes and so on. The industry which is closely linked to both the textile industry and the chemical industry is the chemical fiber textile industry, especially the man-made chemical fiber textile industry. In addition, the process of dyeing and printing may use many chemical instruments.
The textile industry plays a significant role in China's national economy. On one hand, the textile industry is a traditional advantageous industry in China and textile products serve as important foreign trade goods. On the other hand, development of the textile industry will be a major factor affecting demands, supplies and prices of the costume industry.
Due to the aggravating financial crisis and the gloomy global economy, China's textile industry begins to see a depression and its output value represents a downtrend.
From January to December of 2008, the total export value of China's textile industry stood at 65.406 billion USD, a year-on-year increase of 16.6 percent and a link-relative-ratio decrease of 1.5 percent. The growth rate of export value saw an apparent slip in 2008. Textile export in February and November of 2008 both witnessed a year-on-year reduction, with export in December the same as that of 2007. It can be implied that although China adjusted export tax rebate twice in the second half of 2008, the export of the textile industry did not show an obvious improvement.
In spite of the gloomy export market, China's textile industry still represents surplus. The surplus in 2008 reached 49.171 billion USD. Import and export changes in these five years show that the surplus of the textile industry in China sees an uptrend.
Due to fluctuating prices of raw materials, tight policies and the gloomy foreign trade market, China's textile industry was in depression in 2008 and many enterprises suffered great pressure. However, it is predicted that China's textile industry will see a recovery in 2009.
Since the second half of 2008, Chinese government has issued many favorable policies to foster the textile industry. "Revitalization Plans for the Textile Industry" was passed in early 2009. All these policies greatly support the recovery of the textile industry in aspects of capitals, trade environment, etc. Rising export tax rebates also encourage textile enterprises and lift profits of the whole industry. Therefore, the policy is expected to be the major factor stimulating the recovery of China's textile industry in 2009.
The rapid development of China's economy, increasing demands and favorable policies all contribute to the improvement of the textile industry. However, some adverse factors and risks also exist. These risks mainly include rising costs, uncertainty of demands of downstream market and so on.
In 2009, development of China's textile industry will mainly rely on government's policies which help reduce risks of the whole industry be means of industrial plan and concentration. Most risks come from increasing labor costs and stricter environment-protection requirements listed on "Law of the People's Republic of China on Employment Contracts". Labor always serves as an important advantage for China's textile industry. The requirement of raising wages will lead to an increase of 5 percent in labor cost. However, China's textile industry, whose sales profit rate can not reach 5 percent, will suffer more pressure. Energy-saving policies set limitations to output and water emission, which also imposes great pressure on enterprises.
The demand and supply of the textile industry in China shows that domestic demands will serve as the major factor stimulating development of the textile industry. Thus risks are mainly from export demands. Although the textile industry has seen a recovery since the second half of 2008 due to the rising export tax rebates, international trade environment does not clear up and risks still exist as the growth of global economy slows down and demand for costume slumps. Meanwhile, trade barriers and environment-protection requirements will affect the export of China's textile industry and further exacerbate competition on textile market. The overall situation of the textile industry shows that risks in 2009 are mainly from gloomy demands for textile products.
Readers can get more information as follows:
- Present Sate of China's Textile Industry
- Present Sate of Sub-sectors of China's Textile Industry
- Import and Export of China's Textile Industry
- Major Enterprises and Their Operations of China's Textile Industry
- Influences of Global Financial Crisis on China's Textile Industry
- Risks for China's Textile Industry
- Policy Environment of China's Textile Industry
- Development Trend Forecast of China's Textile Industry
Companies Mentioned:
- Luthai Textile Co., Ltd
- Sunvim Group Co., Ltd
- Jiangsu Sunshine Group
- Shanghai Shenda Co., Ltd
For more information visit http://www.researchandmarkets.com/research/659286/research_report_of
Laura Wood
Senior Manager
press@researchandmarkets.com
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716
