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Many textile operators located in China Textile City are actively transforming, committed to the research and development of functional fabrics, and strive to meet the dual pursuit of textile customers for the appearance level and practicality of fabrics.
They said that the current market is not only favored by the high level of appearance of the fabric, but also values its practical functions such as breathability, mosquito repellent, quick drying, deodorization and efficient sun protection. This transformation boom not only led to the continued growth of orders, but also demonstrated the textile industry's keen insight into market trends.
At the same time, there are new developments in the international market. According to the U.S. Department of Commerce, U.S. apparel imports remained stable in the first half of 2024, with significant increases in imports to Cambodia and India and reductions in imports to Vietnam and Bangladesh.
Imports of cotton clothing recovered significantly, mainly due to lower unit prices, which reduced the cost of cotton. Imports of cotton garments from Sri Lanka increased by 22.4 percent, but increased by 3.8 percent.
In terms of cotton apparel imports, the competition between China, Bangladesh, Vietnam and India is more balanced. The unit price of all producing areas fell, the unit price of Sri Lanka fell by 16%, and the unit price of cotton clothing in Bangladesh fell by more than 10%, effectively promoting exports.
Similarly, a sharp drop in the unit price of chemical fiber clothing in China and Vietnam also boosted exports. In the first half of 2024, China's apparel exports to the United States benefited from a decline in unit prices, and U.S. apparel imports to China increased by 1.3% year-on-year, while apparel imports to other producing areas decreased by 0.3% year-on-year.
Despite the competitive pressure from other countries, China's textile industry still occupies a place in the global market with its strong production capacity and innovation ability.
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