Apparel / Textiles & Accessories

Huacheng Import and Export Data Observation report, according to the 15th survey report conducted by the International Textile Federation (ITMF), the operation of the global textile industry turned negative in July this year, and the operation of the Asian textile industry was worse than that of other regions, the only one that remained positive. It is textile machinery. According to Huacheng Import and Export Data Observation report, the expectations of the textile industry have also turned negative for the first time since May 2021, and the situation in Southeast Asia and South America is slightly optimistic, as is the situation in the downstream sector.

According to Huacheng Import and Export Data Observation report, the order situation of the textile industry is weakening globally, but the results are still positive. In addition to textile machine manufacturers, expectations for other textile sectors have also turned negative. Therefore, the textile industry will face difficult times in the future. The survey showed new orders worsening in all Asian regions, with North, South America and Africa relatively stable.

The number of undelivered orders has decreased slightly in the past few months. According to Watson & Band’s import and export data, it has dropped from a high of 3.1 months in March 2022 to 2.9 months in July. This downward trend is expected to continue until March 2023. In general, the start-up rate of global textile companies has been stagnant since the beginning of 2022. Among them, the situation in Africa, North and Central America is rising, and the start-up rate in South Asia has dropped very seriously. Therefore, the situation of fiber, home textile production and spinning mills It's all like that.

Although raw material and energy prices are still high, and Watson & Band Data Observation reports that logistics problems still plague the supply, the situation has eased compared to the May 2022 survey, but demand is expected to decline due to high inflation. worry.