Recently, it has been reported in the textile market that a large number of Indian textile fabric orders have returned to China, causing some domestic textile companies to be full of orders.
During the market visit, we did find recent textile orders There has indeed been some improvement.
“Currently, the amount of gray fabric entering the dyeing factory can reach 700,000 meters every day. This amount can guarantee the production of all dye vats in the dyeing factory. This National Day holiday is also It has been compressed. It used to be three days, but this year it is only two days in order to meet the delivery deadline.” A person in charge of a dyeing factory said.
Not only that, another textile trader also feels that the market has improved. “There have been a lot of orders recently, with tens of thousands of meters being placed at every turn. There are a lot of printing and dyeing. I have just been busy with cotton printing all afternoon.”
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So does this wave of market conditions have anything to do with India?
The epidemic in India is getting worse day by day, affecting textile production
Companies engaged in textile foreign trade generally have We have more or less Indian customers. Our fabrics are exported to India, and then Indian workers make garments and send them to the world. But obviously India is not satisfied with being a garment processing link. In recent years, India has also been involved in upstream fabric production.
At present, India is the world’s largest cotton producer, the world’s largest jute producer, and the world’s second largest silk producer. Its yarn production capacity accounts for 22% of the world’s. The textile and apparel industry is one of the leading market segments of the Indian economy and one of India’s largest sources of foreign exchange earnings. The textile industry accounts for about 15% of India’s total export revenue.
It can also be seen from this that India’s contribution to the global textile and apparel market It has an important influence, of course, including our country. After all, the more developed India’s textiles are, the more it will seize the overseas market of our country’s textile people. In fact, many European and American orders have begun to land in India, but the recent COVID-19 epidemic may break this situation.
September is the traditional peak season in European and American markets, and the purchase of supplies for Thanksgiving and Christmas will bring a large number of orders. However, India currently has 70,000 to 80,000 new cases every day and a cumulative confirmed number of 6 million+. It is obviously difficult for India to bear the production of a large number of textile orders in the international market.
However, my country, where the epidemic has been under control for a long time, is completely different and can respond to any orders at any time. Overseas customers are also aware of this. It is very possible that these orders that were supposed to go to India will flow back to my country. But are these orders obtained through the epidemic really reliable?
The second outbreak of the epidemic in Europe affects terminal orders
Although the outbreak in India is to some extent It will cause some textile orders to return to my country, but the epidemic will also lead to the cancellation and delay of terminal clothing orders. Because a large number of orders in the Indian and Chinese textile markets come from Europe and the United States, and the epidemic has recently broken out in many European countries. The seven-day average number of new cases in Spain, France, Russia, the United Kingdom, Germany, Italy and other countries is more than 1,000. . France has broken records many times with more than 16,000 new cases in a single day, and the UK’s current daily number of new cases is four times that of more than a month ago. Faced with such a critical epidemic, it seems very possible that these countries will take emergency action again and severely cut off people-to-people contact through measures such as restricting travel and reducing market activities.
All of us textile people should still remember that when my country just resumed work and production at the beginning of the year, a large number of backlog orders from years ago were issued, crowding the dyeing factories. However, due to the outbreak of the epidemic in Europe, a large number of textile orders were canceled, and textile workers suffered heavy losses as a result. Now that there is a second outbreak of the epidemic in Europe, will the same situation happen? If the wave of order cancellations reappears, then the orders received now will all be “hot potatoes”, whether they are made or not. It can be said that behind the improvement in orders, there are actually huge risks and crises hidden.
In addition, even if this order was not canceled due to the epidemic, Simply relying on the severe epidemic situation in other countries to obtain orders is obviously not a long-term solution. After all, with the development of vaccines and the accumulation of global anti-epidemic experience, the new coronavirus epidemic will eventually be defeated by mankind. When the Indian textile industry recovers, will it also mean that our orders will once again be taken away by India, which has lower costs?
We also need to see clearly from the short-term improvement in orders that the Indian textile market has absorbed a large number of our orders. How to still stand in the international textile market after the loss of these orders is a question we need to consider. Avoiding price competition with India and other Southeast Asian countries in the low-end market, and seizing the opportunities of the times to make breakthroughs in the mid-to-high-end fabric market, may we no longer be afraid of any opponents. </p
