Recent International Market Of Textile Industry

Vietnam?

The export target for 2016 will be $31 billion.

However, under the background of many difficulties in production and export activities, the textile industry has reduced its export target to US $29 billion.

Since the beginning of this year, Vietnam's textile exports amounted to about US $13 billion, an increase of 5.4% over the same period last year, the lowest growth rate in 10 years.

The main reason is other emerging.

The fierce competition has reduced the order volume of Vietnamese textile enterprises. At present, 30%-40% Vietnamese enterprises have not yet received the order at the end of the year.

Some textile enterprise representatives believe that the number of orders this year is 30% less than that of last year.

Prices also fell by 10-20%.

On the other hand, although Vietnam's foreign exchange remained stable, changes in the exchange rate of the main import markets led to the rise in Vietnamese textile prices, resulting in Vietnam's textile price being 20-30% higher than that of other countries.

Under the background that the minimum wage will be raised by 7.3% in Vietnam, Vietnam's textile enterprises will face greater challenges.

It is reported that Bangladesh will surpass China as the world's largest cotton importer within 4 years.

Bangladesh can produce only 100 thousand bales of cotton per year and more than 6 million cotton imports per year.

Bangladesh, the second largest cotton importer in the world, is an important export market for Australian cotton.

As the fourth largest exporter of cotton in the world, Australia's cotton is reliable and pollute free. Shipping to Asian markets has time cost advantages. But domestic textile companies in Bangladesh think Australian cotton is expensive.

Through various ways, Australia is strengthening the cotton trade partnership with the Bangladeshi textile company and the large retailer, trying to form a mutually beneficial and win-win cooperation model.

Paraguay's Ministry of industry and Commerce announced that the export volume of Paraguay's processing and export industry increased by 9% from this year to July, and its total exports amounted to US $165 million.

The most significant increase in exports was automobile components, an increase of 41%, followed by an increase of 24.6% in textile and clothing.