Ethiopia Announced 2013/2014 Fiscal Year Textile Exports Global Cotton Stocks Or Down

< p > according to the statistics of < a href= "//www.sjfzxm.com/news/index_c.asp > > Ethiopia < /a > Textile Industry Development Research Institute (TIDI), in the first 6 months of Ethiopia 2013/2014 fiscal year (beginning in July 8, 2013), textile and garment exports amounted to US $60 million.

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"P", according to SleshiLema, director of Ethiopia textile industry development department, this figure is 15 million US dollars higher than the same period in the previous fiscal year.

According to the 5 year growth and pformation plan of Ethiopia from 2010/2011 to 2014/2015, the Ministry of textile industry development of Ethiopia will support the country's textile industry to achieve the development target of US $1 billion. However, in the first 3 years of the plan, the export volume of textile and clothing in this country is only 305 million US dollars, far below the 637 million US export target set by the country.

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< p > a few days ago, the reporter learned from the China Textile Industry Association that at present, China's national cotton reserves have reached about 13000000 tons.

According to industry analysis, this inventory may take several years to reduce to a reasonable level. In 2014, it may become an inflection point of global cotton inventory. The cotton prices will fall below this year, which will seriously affect the industry trend.

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< p > < strong > helps spinning enterprises reduce costs < /strong > /p >

< p > over the past two years, the global "a href=" //www.sjfzxm.com/news/index_c.asp "> cotton < /a > has always been oversupplied.

From the inventory point of view, the end of the world cotton inventory for the first time exceeded 20 million tons mark, and China's final inventory accounted for more than half, up to 12 million 478 thousand tons.

Due to the continued storage this year, the trend of global cotton inventory to China is continuing.

Therefore, for China's cotton related enterprises, the 2014 cotton inventory can be said to be a long way to go.

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< p > "in the next few years, China's textile industry will no longer rely on the expansion of scale to develop and upgrade, and cotton and other raw materials will increasingly restrict the development of the industry."

Gao Yong, vice president of China Textile Industry Association, said when talking about the current situation of textile industry.

Gao Yong pointed out that the world's fiber consumption is 83 million tons and is expected to grow by 20 million tons by 2020.

From the current capacity of China's textile industry, if capacity is released, China's capacity to grow in 5 to 7 years is already there, and no need for new construction.

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"P," Wang manager of Fuxin Cotton Textile Co., Ltd., Liaoning, told reporters that "the fall in cotton prices is a good thing for enterprises. Our enterprises decide cotton consumption according to orders. If the cotton prices fall, the cost of enterprise input will naturally decrease."

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< p > < strong > digestion < a href= "//www.sjfzxm.com/news/index_c.asp" > National storage cotton < /a > existence of variables < /strong > /p >

< p > the Ministry of industry and commerce's analysis of the development environment of the textile industry in 2014 showed that the added value of the textile industry increased by 8.5% from 1 to November, and the growth rate dropped 2 percentage points year-on-year, which is 1.2 percentage points lower than the industrial added value of all above scale.

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< p > industry pointed out that with the steady growth and structural adjustment as the main objective of this year, the effect of regulation and control policy has shown that, although overall, the external environment of domestic and foreign markets has improved gradually over the past year, and the steady growth of domestic consumption and the recovery of external demand are expected to increase rapidly. However, the development situation faced by China's textile industry this year is still very complicated.

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< p > "in 2013, the whole textile industry should say that a steady increase has been achieved, which is very difficult."

In analyzing the economic situation of the textile industry, Gao Yong pointed out: "in 2014, I personally believe that the whole industry situation is still dominated by" stability ". Although it will still" steadily increase ", I think the situation we are facing in 2014 may be larger than that in 2013.

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< p > "it will take several years to digest about 13000000 tons of cotton in the national stock.

How to digest? Now that the country has only one import quota, it is bound to import the quota.

How to hook up? What method is linked? What price link is the variable this year? "

Gao Yong said.

"At present, there are still some outstanding problems in China's textile industry. Besides the difference between domestic and foreign markets, the cotton price difference is still relatively large, and the labor costs and the rise of the comprehensive cost of enterprises have brought small pressure to SMEs."

Manager Wang pointed out that "the overall environment of the entire textile industry is not very optimistic, and the demand is small, which can not stimulate the possibility of improvement in six months."

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