CNTEX Exclusive:
Wool textile industry has fallen victim to the global credit crisis and weaker demand. Many Chinese enterprises have felt the chill and decided to turn their eyes away from European and American markets and focus back on the domestic market. According to China Wool Textile Association (CWTA), from January to April, the sales value of wool textile and wool products of China??s statistics-worthy enterprises plummeted 16.42 percent and 12.63 percent year-on-year respectively, the first recorded negative growth since 2000.
The shift from exports to home market isn't easy.
As more and more Chinese enterprises have decided to focus back on the domestic market, sales in domestic market is not enjoying a royal road. Sales of department stores for man's wool suit decreased 0.23 per cent in the January-April 2009 period; cashmere sweaters & wool sweaters up 2.73%.
Table 1. Sales value from January to April 2009
Sector | Sales Value | Proportion of Home Market |
CNY 10,000 | Y-on-Y, ?? | Growth Rate Y-on-Y, ?? | Y-on-Y,?? | Growth Rate Y-on-Y, ?? |
textile | 61163149 | 5.03 | -13.26 | 3.36 | 1.41 |
wool textile, dyeing, printing and finishing | 3952878 | -0.08 | -16.42 | 2.96 | 1.02 |
wool top process | 454128 | -7.05 | -50.99 | 1.31 | -10.01 |
wool textile | 2907058 | -0.05 | -12.01 | 2.67 | 1.43 |
dyeing, printing and finishing | 591692 | 5.88 | -12.80 | 7.14 | 10.61 |
wool products manufacturing | 426565 | 6.37 | -12.63 | 7.77 | 10.48 |
knitted wool textile & woven wool textile manufacturing | 2510141 | 7.62 | -2.35 | 2.16 | 0.27 |
Data from: CNTAC Statistics Center
Global sales continue to fall
China's wool textile industry saw a continued decline in imports and exports in the first four months this year, according to China Customs.
Table2. Export delivery value from January to April 2009
Sector | Export Delivery Value |
CNY 10,000 | Y-on-Y, ?? | Growth Rate Y-on-Y, ?? |
textile | 10065731 | -12.77 | -20.61 |
wool textile, dyeing, printing and finishing | 557530 | -17.44 | -16.91 |
wool top process | 39007 | -19.34 | -4.53 |
wool textile | 346560 | -18.34 | -22.98 |
dyeing, printing and finishing | 171966 | -15.00 | -8.71 |
wool products manufacturing | 125104 | -15.91 | -30.90 |
knitted wool textile & woven wool textile manufacturing | 855063 | +1.21 | -1.98 |
Data from: CNTAC Statistics Center
From January to April, the export delivery value of wool textile and wool products of China??s statistics-worthy enterprises plummeted 17.44 percent and 15.91 percent year-on-year respectively.
Table3. Export from January to April 2009 by Category
Category | Unit | Export Volume | Export Value ($ 10,000) | Value % | Y-on-Y, ?? (Volume) | Y-on-Y, ?? (Value) |
cashmere | ton | 557 | 3824 | 1.98 | -36.12 | -44.57 |
wool top | ton | 9982 | 7862 | 4.07 | -8.69 | -22.35 |
wool yarn | ton | 17084 | 27599 | 14.29 | -23.97 | -25.33 |
wool fabric | 10,000 metres | 2239 | 12626 | 6.54 | -33.27 | -36.89 |
woolen blanket | 10,000 pieces | 8135 | 33624 | 17.41 | -9.10 | -11.60 |
artificial knitted wool | ton | 9124 | 2645 | 1.37 | +13.09 | -7.27 |
carpet | 10,000 square meters | 9978 | 35953 | 18.61 | +3.91 | -5.74 |
wool knitting garment | 10,000 pieces | 6383 | 25625 | 13.27 | +40.58 | +17.62 |
wool woven garment | 10,000 pieces | 1276 | 43386 | 22.46 | -20.76 | -9.73 |
total | - | ?? | 193144 | 100.00 | ?? | -13.34 |
Data from: China Customs
Table 4. Export from January to April 2009 by Category and Destination (Unit: $ 10,000)
Category | Accumulated | Y-on-Y, ?? | EU | Japan | US | Hongkong | Korea |
Value | Proportion (%) | Y-on-Y Change | Proportion (%) | Y-on-Y Change +-% | Proportion (%) | Y-on-Y Change +-% | Proportion (%) | Y-on-Y Change +-% | Proportion (%) | Y-on-Y Change +-% |
cashmere | 3824 | -44.57 | 89.57 | -44.37 | 2.35 | -46.44 | ?? | ?? | 2.33 | -42.43 | 5.04 | -17.89 |
wool top | 7862 | -22.35 | 41.55 | 13.18 | 5.98 | -12.68 | 1.19 | 11.16 | 1.96 | -4.48 | 28.48 | -38.43 |
wool yarn | 27599 | -25.33 | 7.98 | -40.09 | 7.14 | -50.65 | 0.49 | 40.13 | 54.99 | -19.47 | 1.08 | -69.6 |
wool fabric | 12626 | -36.89 | 9.34 | 33.21 | 16.55 | -25.21 | 2.46 | -66.85 | 12.38 | -26.73 | 1.38 | -84.04 |
woolen blanket | 33624 | -11.6 | 19.19 | 1.7 | 1.71 | -1.37 | 18.11 | -8.73 | 0.31 | -11.72 | 0.05 | -66.36 |
artificial knitted wool | 2645 | -7.27 | 6.81 | -14.81 | 0.23 | -32.45 | 3.3 | 20.71 | 11.95 | -22.44 | 1.02 | -44.6 |
carpet | 35953 | -5.74 | 17.79 | -10.14 | 17.97 | 1 | 22.71 | -20.75 | 3.29 | -9.62 | 1.84 | -23.91 |
wool knitting garment | 25625 | 17.62 | 17.62 | 10.69 | 12.42 | 13.69 | 6.43 | -22.92 | 7.42 | 29.97 | 1.24 | -40.08 |
wool woven garment | 43386 | -9.73 | 21.86 | -11.7 | 48.76 | -6.99 | 9.55 | -26.51 | 1.7 | -15.41 | 3.52 | -51.39 |
total | 193144 | -13.34 | 19.21 | -0.07 | 18.64 | 0.67 | 10.7 | -0.94 | 10.99 | -0.47 | 2.82 | -1.92 |
Data from: China Customs
As you can see from the fifths table, in Jan.-Apr., China's Jiangsu province ranked first in term of export, followed by Zhejiang, Shanghai, Shandong and Guangdong.
Table 5. Export from January to April 2009 by Origin (Unit: $ 10,000)
