Fabric Products,Fabric Information,Fabric Factories,Fabric Suppliers Fabric News The “mask economy” has made a big contribution and can still be expected in June/July

The “mask economy” has made a big contribution and can still be expected in June/July



According to customs statistics, the export value of textiles (including textile yarns, fabrics and products) in May 2020 was US$20.6487 billion, a year-on-year increase of 77.34%; the export value of clothing …

According to customs statistics, the export value of textiles (including textile yarns, fabrics and products) in May 2020 was US$20.6487 billion, a year-on-year increase of 77.34%; the export value of clothing (including clothing and clothing accessories) was US$8.9057 billion, a year-on-year increase of 77.34%. down 26.93%. , one rises sharply and the other falls sharply, and the export of textiles and clothing continues to be “half fire and half sea water”. Judging from feedback from downstream manufacturing companies and foreign trade companies, masks and protective clothing are still the key factors supporting the strong rebound in textile exports and export volume in May. The “mask” economy will still play a major role in textile exports in June and July. play.

According to statistics, from January to April 2020, China’s mask exports were US$8.855 billion and protective clothing exports were US$801 million, accounting for 13.8% of the total exports of textiles and clothing to the world during the same period; while from January to April, China’s Textile exports to the United States were US$5.093 billion, a year-on-year increase of 16.83% (in the first four months, the United States’ clothing imports from China fell by 46%, while purchases from other countries only fell by 9.5%), of which the export of masks accounted for 33%; textile exports to the EU were US$6.613 billion, a year-on-year increase of 62.32%, of which the export value of masks accounted for 54% of textiles; the value of masks in textile exports to Japan, South Korea and other countries generally accounted for about 40%, and the “mask economy” True to its name. Considering that the impact of the COVID-19 epidemic on my country’s textile and clothing exports in January was not significant, and the receipt, trade, and retail sales in Europe and the United States were basically normal, the actual export volume of masks from February to April accounted for a larger proportion and contributed more prominently.

As European and American countries have recently pressed the “restart button” on their economies, some “short-term, flat and fast” textile and clothing export orders have slowly arrived, coupled with the second contract suspension in February/March Therefore, it is expected that the proportion of exports of masks and protective clothing will gradually decline. However, the following factors lead to the “mask economy” still having great potential:

First, the global fight against the new crown epidemic has become a “protracted war.” , not only are the United States, India, Brazil and some African countries currently in the “epicenter”, but the risk of a second outbreak in the autumn and winter of 2020 is very high, and the demand for masks and protective equipment remains high; secondly, compared with India, Pakistan and Southeast Asian countries , China’s textile industry has obvious advantages in terms of quotas and workers’ technical level. Masks, protective clothing, etc. are “high-quality and low-priced”, highly competitive in the international market, and have a relatively low attrition rate; third, masks, protective clothing, etc. will become “post-epidemic” reserve materials of the times. Not only relevant national departments and government agencies purchase and store masks in large quantities; most companies, individuals, and families also stockpile masks in large quantities for urgent needs. </p

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Author: clsrich

 
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