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Wool Textile Sales Suffer First Negative Year

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Wool textile industry has fallen victim to the global credit crisis and weaker demand. Many Chinese enterprises have felt the chill and decided to turn their eyes away from European and American markets and focus back on the domestic market. According to China Wool Textile Association (CWTA), from January to April, the sales value of wool textile and wool products of China��s statistics-worthy enterprises plummeted 16.42 percent and 12.63 percent year-on-year respectively, the first recorded negative growth since 2000.

The shift from exports to home market isn't easy.

As more and more Chinese enterprises have decided to focus back on the domestic market, sales in domestic market is not enjoying a royal road. Sales of department stores for man's wool suit decreased 0.23 per cent in the January-April 2009 period; cashmere sweaters & wool sweaters up 2.73%.

Table 1. Sales value from January to April 2009

Sector

Sales Value

Proportion of Home Market

CNY 10,000

Y-on-Y, ��%

Growth Rate Y-on-Y, ��%

Y-on-Y,��%

Growth Rate Y-on-Y, ��%

textile

61163149

5.03

-13.26

3.36

1.41

wool textile, dyeing,  printing and finishing

3952878

-0.08

-16.42

2.96

1.02

   wool top process

454128

-7.05

-50.99

1.31

-10.01

wool textile

2907058

-0.05

-12.01

2.67

1.43

dyeing, printing and finishing

591692

5.88

-12.80

7.14

10.61

wool products manufacturing

426565

6.37

-12.63

7.77

10.48

knitted wool textile & woven wool textile manufacturing

2510141

7.62

-2.35

2.16

0.27

Data from: CNTAC Statistics Center

Global sales continue to fall

China's wool textile industry saw a continued decline in imports and exports in the first four months this year, according to China Customs.

 

Table2. Export delivery value from January to April 2009

Sector

Export Delivery Value

CNY 10,000

Y-on-Y, ��%

Growth Rate Y-on-Y, ��%

textile

10065731

-12.77

-20.61

wool textile, dyeing, printing and finishing

557530

-17.44

-16.91

   wool top process

39007

-19.34

-4.53

wool textile

346560

-18.34

-22.98

dyeing, printing and finishing

171966

-15.00

-8.71

wool products manufacturing

125104

-15.91

-30.90

knitted wool textile & woven wool textile manufacturing

855063

+1.21

-1.98

Data from: CNTAC Statistics Center

From January to April, the export delivery value of wool textile and wool products of China��s statistics-worthy enterprises plummeted 17.44 percent and 15.91 percent year-on-year respectively.

Table3. Export from January to April 2009 by Category

Category

Unit

Export Volume

Export Value ($ 10,000)

Value %

Y-on-Y, ��% (Volume)

Y-on-Y, ��% (Value)

cashmere

ton

557

3824

1.98

-36.12

-44.57

wool top

ton

9982

7862

4.07

-8.69

-22.35

wool yarn

ton

17084

27599

14.29

-23.97

-25.33

wool fabric 

10,000 metres

2239

12626

6.54

-33.27

-36.89

woolen blanket 

10,000 pieces

8135

33624

17.41

-9.10

-11.60

artificial knitted wool

ton

9124

2645

1.37

+13.09

-7.27

carpet

10,000 square meters

9978

35953

18.61

+3.91

-5.74

wool knitting garment

10,000 pieces

6383

25625

13.27

+40.58

+17.62

wool woven garment 

10,000 pieces

1276

43386

22.46

-20.76

-9.73

total

-

��

193144

100.00

��

-13.34

Data from: China Customs 

Table 4. Export from January to April 2009 by Category and Destination (Unit: $ 10,000)

Category   

Accumulated

Y-on-Y, ��%

    EU    

   Japan    

    US    

Hongkong    

Korea

Value

Proportion (%)    

Y-on-Y Change   

Proportion (%)    

Y-on-Y Change  +-%     

Proportion (%)    

Y-on-Y Change +-%     

Proportion (%)    

Y-on-Y Change  +-%     

Proportion (%)    

Y-on-Y Change  +-%     

cashmere

3824

-44.57

89.57

-44.37

2.35

-46.44

��

��

2.33

-42.43

5.04

-17.89

wool top

7862

-22.35

41.55

13.18

5.98

-12.68

1.19

11.16

1.96

-4.48

28.48

-38.43

wool yarn

27599

-25.33

7.98

-40.09

7.14

-50.65

0.49

40.13

54.99

-19.47

1.08

-69.6

wool fabric 

12626

-36.89

9.34

33.21

16.55

-25.21

2.46

-66.85

12.38

-26.73

1.38

-84.04

woolen blanket 

33624

-11.6

19.19

1.7

1.71

-1.37

18.11

-8.73

0.31

-11.72

0.05

-66.36

artificial knitted wool

2645

-7.27

6.81

-14.81

0.23

-32.45

3.3

20.71

11.95

-22.44

1.02

-44.6

carpet

35953

-5.74

17.79

-10.14

17.97

1

22.71

-20.75

3.29

-9.62

1.84

-23.91

wool knitting garment

25625

17.62

17.62

10.69

12.42

13.69

6.43

-22.92

7.42

29.97

1.24

-40.08

wool woven garment 

43386

-9.73

21.86

-11.7

48.76

-6.99

9.55

-26.51

1.7

-15.41

3.52

-51.39

total

193144

-13.34

19.21

-0.07

18.64

0.67

10.7

-0.94

10.99

-0.47

2.82

-1.92

Data from: China Customs

As you can see from thefifths table, in Jan.-Apr.,China's Jiangsu province ranked first in term of export, followed by Zhejiang, Shanghai, Shandong and Guangdong.

   Table 5. Export from January to April 2009 by Origin (Unit: $ 10,000)

Category

Accumulated Value

Y-on-Y, ��%

Jiangsu

Zhejiang

Shanghai

Shandong

Guangdong

Proportion (%)

Y-on-Y Change

Proportion (%)

Y-on-Y Change

Proportion (%)

Y-on-Y Change

Proportion (%)

Y-on-Y Change

Proportion (%)

Y-on-Y Change

cashmere

3824

-44.57

��

��

��

��

0.02

-41.27

��

��

��

��

wool top

7862

-22.35

77.70

-9.46

14.58

-44.33

0.10

-86.47

6.06

-3.97

0.32

-95.06

wool yarn

27599

-25.33

36.37

-23.08

15.83

-44.87

9.08

59.80

3.28

-49.91

16.62

-21.58

wool fabric 

12626

-36.89

55.09

-36.19

11.69

-31.88

12.95

-45.69

0.83

-47.17

6.05

-4.67

woolen blanket 

33624

-11.60

22.46

-15.25

38.11

-15.87

5.61

-7.09

8.99

28.92

2.84

-37.90

artificial knitted wool

2645

-7.27

36.18

0.63

71.76

12.10

20.60

-36.75

17.17

-60.42

43.83

34.26

carpet

35953

-5.74

11.55

-24.24

24.37

21.47

6.15

-3.24

16.79

-23.27

10.16

15.60

wool knitting garment

25625

17.62

8.84

-1.61

13.90

1.34

10.56

0.51

3.04

28.60

20.90

48.97

wool woven garment 

43386

-9.73

16.37

-13.04

15.54

-3.56

13.59

-23.06

9.66

1.87

3.65

-21.58

total

193144

-13.34

23.37

-1.98

20.36

-0.05

8.82

0.02

8.46

-0.10

8.63

0.95

 

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