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Analysis of China Knitting Industry, the Second Quarter of 2014
Posted: 08/27/2014 04:08:21 Edited: 08/27/2014 06:08:09Clicks: 6756
In the second quarter of 2014, global economy continued to recovering tenderly. Economy in the U.S. restarted acceleration. Economy in Eurozone carried on recovering weakly. Japanese economic growth decreased progressively with receding kinetic energy of recovery. Capital inflow in emerging marketing economy increased. Among that, some economic entities were still faced with the pressure of economic downturn. Under the circumstance of global market demand recovery, amount of clothing export in China reached 79.85 billion dollars, increasing by 4.3% on year-on-year basis. Amount of textiles export reached 56.54 billion dollars, rising by 4.0% on year-on-year basis. Total export value of knitting industry was 40.61 dollars.
From January to June, 2014, Chinese total retail sales of social consumer goods increased by 12.1% on year-on-year basis. Above quota, retail sales of clothing were 4.182 hundred billion RMB, increasing by 10% on year-on-year basis. Domestic market was experiencing the reform of sales mode. The growth rate of mobile internet shopping reached to 232.2%.
The fundamental of the whole knitting industry gets better. Production sales keep positive growth. Industrial polarization still existed and superior enterprises strengthened their competitive power. Merging and reorganization will sweep the whole industry again.
Chart 1: Economic Situation of Knitted Fabrics from January to June, 2014
Chart 2: Economic Situation of Knitted Clothing from January to June, 2014
The output of knitted clothing keeps positive growth
The output of knitted clothing still shows the tendency of positive growth in the second quarter after realizing positive growth on year-on-year basis in the first quarter of 2014. Compared with the last quarter, growth rate in the second quarter increased 0.5% and accumulative output reached to 6.89 billion.
Chart 3: Output of Knitted Clothing 2013~2014Q2
For provinces, conventional costal 5 provinces are still located at the top five. In research, situations in Guangdong and Zhejiang are better than other provinces.
Chart 4: Rank of Knitted Clothing Output, 2014Q2
The confidence of industrial investment is still good
For investment, actual completed investment of two plates of knitting industry increases by 10.5% and 16.5% respectively. It slows down compared with last quarter. It is predicted that industrial situations in the second half of this year will be affected.
Chart 5: Investment of Fixed Assets in Knitting Industry, January to June, 2014 (billion)
Competiveness of import and export increasing
Based on the data of export and import of knitted fabric and knitted clothing, competiveness of knitted fabric rose. The amount of export increased slightly while the dependence on import decreased. The import was mainly on high-grade fabrics. The export amount of knitted clothing decreased while import increased. Export to Europe, the U.S. and Japan which are key export markets did not grow obviously. The growth rate of export to ASEAN reduced.
Export situation
The whole export situation
Export summary data of General Administration of Customs showed that unit price of knitted fabric rose slightly because of quantity increasing promoting amount of money to increase. However, 9.9% of quantity increasing fell, compared with last quarter and also decreased, compared with 14.1% in 2013.
Different from knitting fabric, the amount of knitted clothing export did not vary a lot. Reduction of unit price year-on-year basis caused the decreasing of accumulative amount of money. In 2013, average unit price of knitted clothing was 3.7 dollars. In the second quarter, average unit price was 3.3 dollars, the same as last quarter.
Chart 6: Export Situation of Knitting Industry January to June, 2014
Export market situation
Compared with the first quarter, the rank of top ten countries of knitted fabric export amount did not changed a lot. While due to events in Vietnam, May, Vietnam was located at the second position though the total value reached 8.6 hundred million dollars. Its growth rate year-on-year basis fell obviously. Growth rate of quantity year-on-year basis was only 17.6%. Growth in Bangladesh, Cambodia, Indonesia and Mexico maintained forefront.
Increasing growth rate of knitted clothing export mainly existed in Russia, UK, Germany, Netherlands and other countries. Those countries have close relationship with China and China has published a series of policies to support light textile industry. Knitted clothing exported to Vietnam had negative growth.
Chart 7: Top 10 of Export Amount of Knitted Fabric January to June, 2014
Chart 8: Top 10 of Export Amount of Knitted clothing January to June, 2014
Analysts of key export market
The data of knitted fabric exported to the U.S., EU, Japan and ASEAN, four key markets showed that quantity and amount account in four markets rose compared with last quarter. Quantity concentration reached 92.3%
Chart 9: Key Market of Knitted Fabric Export January to June, 2014
The data of knitted clothing exported to the U.S., EU, Japan and ASEAN, four key markets showed that growth rate brought into correspondence with economic situations and consumption. Knitted clothing exported to ASEAN had negative growth.
Chart 10 Key Market of Knitted Clothing Export January to June, 2014
Export situation
The Chinese dependence on knitted fabric was improved a lot. The quantity decreased while unit prices rose which meant that only high-grade fabrics needed to be imported. The increasing quantity of knitted clothing, besides certain outward investment, the tendency of knitted coat was also one of the reasons to stimulate quantity of knitted clothing import to increase.
Chart 11: Import Situation of Knitting Industry, January to June, 2014
Raw materials had great influence on knitted clothing
The following pictures and charts showed that due to influence of raw materials, both export quantity and price of cotton knitted clothing fell in nearly a year and a half. The export price of synthetic fiber knitted clothing decreased and the quantity grew constantly. Finally, the unit price of synthetic fiber knitted clothing was the same as that of cotton knitted clothing.
Growth Rate of Cotton Knitted Clothing1 2013-2014Q2
Growth Rate of Synthetic Fiber Knitted Clothing1 2013-2014Q2
Chart 12: Export Situation of Cotton Knitted Clothing, 2013-2014Q2
Chart 13: Export Situation of Synthetic Fiber Knitted Clothing, 2013-2014Q2
From January to June, 2014, Chinese total retail sales of social consumer goods increased by 12.1% on year-on-year basis. Above quota, retail sales of clothing were 4.182 hundred billion RMB, increasing by 10% on year-on-year basis. Domestic market was experiencing the reform of sales mode. The growth rate of mobile internet shopping reached to 232.2%.
The fundamental of the whole knitting industry gets better. Production sales keep positive growth. Industrial polarization still existed and superior enterprises strengthened their competitive power. Merging and reorganization will sweep the whole industry again.
Chart 1: Economic Situation of Knitted Fabrics from January to June, 2014
Chart 2: Economic Situation of Knitted Clothing from January to June, 2014
The output of knitted clothing keeps positive growth
The output of knitted clothing still shows the tendency of positive growth in the second quarter after realizing positive growth on year-on-year basis in the first quarter of 2014. Compared with the last quarter, growth rate in the second quarter increased 0.5% and accumulative output reached to 6.89 billion.
Chart 3: Output of Knitted Clothing 2013~2014Q2
For provinces, conventional costal 5 provinces are still located at the top five. In research, situations in Guangdong and Zhejiang are better than other provinces.
Chart 4: Rank of Knitted Clothing Output, 2014Q2
The confidence of industrial investment is still good
For investment, actual completed investment of two plates of knitting industry increases by 10.5% and 16.5% respectively. It slows down compared with last quarter. It is predicted that industrial situations in the second half of this year will be affected.
Chart 5: Investment of Fixed Assets in Knitting Industry, January to June, 2014 (billion)
Competiveness of import and export increasing
Based on the data of export and import of knitted fabric and knitted clothing, competiveness of knitted fabric rose. The amount of export increased slightly while the dependence on import decreased. The import was mainly on high-grade fabrics. The export amount of knitted clothing decreased while import increased. Export to Europe, the U.S. and Japan which are key export markets did not grow obviously. The growth rate of export to ASEAN reduced.
Export situation
The whole export situation
Export summary data of General Administration of Customs showed that unit price of knitted fabric rose slightly because of quantity increasing promoting amount of money to increase. However, 9.9% of quantity increasing fell, compared with last quarter and also decreased, compared with 14.1% in 2013.
Different from knitting fabric, the amount of knitted clothing export did not vary a lot. Reduction of unit price year-on-year basis caused the decreasing of accumulative amount of money. In 2013, average unit price of knitted clothing was 3.7 dollars. In the second quarter, average unit price was 3.3 dollars, the same as last quarter.
Chart 6: Export Situation of Knitting Industry January to June, 2014
Export market situation
Compared with the first quarter, the rank of top ten countries of knitted fabric export amount did not changed a lot. While due to events in Vietnam, May, Vietnam was located at the second position though the total value reached 8.6 hundred million dollars. Its growth rate year-on-year basis fell obviously. Growth rate of quantity year-on-year basis was only 17.6%. Growth in Bangladesh, Cambodia, Indonesia and Mexico maintained forefront.
Increasing growth rate of knitted clothing export mainly existed in Russia, UK, Germany, Netherlands and other countries. Those countries have close relationship with China and China has published a series of policies to support light textile industry. Knitted clothing exported to Vietnam had negative growth.
Chart 7: Top 10 of Export Amount of Knitted Fabric January to June, 2014
Chart 8: Top 10 of Export Amount of Knitted clothing January to June, 2014
Analysts of key export market
The data of knitted fabric exported to the U.S., EU, Japan and ASEAN, four key markets showed that quantity and amount account in four markets rose compared with last quarter. Quantity concentration reached 92.3%
Chart 9: Key Market of Knitted Fabric Export January to June, 2014
The data of knitted clothing exported to the U.S., EU, Japan and ASEAN, four key markets showed that growth rate brought into correspondence with economic situations and consumption. Knitted clothing exported to ASEAN had negative growth.
Chart 10 Key Market of Knitted Clothing Export January to June, 2014
Export situation
The Chinese dependence on knitted fabric was improved a lot. The quantity decreased while unit prices rose which meant that only high-grade fabrics needed to be imported. The increasing quantity of knitted clothing, besides certain outward investment, the tendency of knitted coat was also one of the reasons to stimulate quantity of knitted clothing import to increase.
Chart 11: Import Situation of Knitting Industry, January to June, 2014
Raw materials had great influence on knitted clothing
The following pictures and charts showed that due to influence of raw materials, both export quantity and price of cotton knitted clothing fell in nearly a year and a half. The export price of synthetic fiber knitted clothing decreased and the quantity grew constantly. Finally, the unit price of synthetic fiber knitted clothing was the same as that of cotton knitted clothing.
Growth Rate of Cotton Knitted Clothing1 2013-2014Q2
Growth Rate of Synthetic Fiber Knitted Clothing1 2013-2014Q2
Chart 12: Export Situation of Cotton Knitted Clothing, 2013-2014Q2
Chart 13: Export Situation of Synthetic Fiber Knitted Clothing, 2013-2014Q2
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