In the past decade, world fiber production increased 22.04 million tons, with China gaining 12.77 million tons, accounting for 58 percent.
Labor costs and industrial development have decided the trend of global textile industry transferring to China and other developing countries, which sets the precondition for China to maintain a rapid growth of fiber processing volume.
With the expectation of continued consumption growth of global textile and apparel, China is still one of the largest beneficiaries.
Even if the growth pace of textile and garment industry slows down in post-quota period, it is believed that China's international market share will continue to enlarge, due to higher growth rate in the world.
Under the dual factors of economic growth and RMB appreciation, in 2006, China's per capita GDP reached US $2,004.
If calculated at an average annual GDP growth of 15 percent, China's per capita GDP will break through $4,000 in 2011, therefore, textile and garment industry will still be one of the country's pillar industries in next five to ten years.
From January to April 2007, China's textile and garment exports rose 14.94 percent on year, but the growth might have included the part of false exports, therefore the actual export value growth rate from January to April 2007 was likely higher than 14.94 percent.
According to the changes of monthly export growth rate in history, exports usually start to grow steadily from April to the end of a year after China's Spring Festival. Industrial experts expect that textile and garment exports will increase 13 percent to 17 percent in 2007.
Since 2002, China's apparel export price has continued to rise. In 2006 export price still gained 4 percent, even currency factors were excluded.
Since the prices of cotton and chemical fiber remained stable in the same period, apparel price increase has manifested the enhanced bargaining power of China's textile products and added value in exports.
Fibre2fashion, News Desk - China
marketing@alchempro.com
