International Market Demand For Clothing Has Dropped Sharply.

 

According to the US Department of Commerce statistics, the US retail sales plunged 8.7% in March this year, the biggest decline since 1992. Sales of clothing and clothing stores fell 50.5%, and department stores fell 19.7%. According to Japanese customs data, imports of clothing from the world dropped by 9.48% in the 1~4 months of this year, while imports from China dropped by 14.49%. My share of clothing in the Japanese market has dropped to 53%, down 3 percentage points over the same period last year. From the European perspective, the German retail association said that sales of clothing fell by 75% to 85% in 4~5 months. Global Data also predicts that sales of clothing and shoes this year will be reduced by 26.1% and lost about 14 billion pounds this year.

 

The sharp weakening of clothing consumption demand in the international market has directly affected the product structure of China's textile and clothing export. Since the beginning of this year, China's textile and clothing exports have shown the obvious export characteristics of "spinning up and falling down", and the proportion of garment exports has dropped to below 50% for the first time in many years. According to customs data, in 2020 1~4, China's textile exports amounted to US $39 billion 167 million, an increase of 1.32% over the same period last year, and clothing exports amounted to US $30 billion 971 million, down 21.99% from the same period last year. Although in recent years, the growth rate of clothing exports in China is basically lower than that of textile exports, the scale of textile and clothing exports has continued to close, but the proportion of clothing exports has basically remained stable above 55%. Affected by the epidemic, the proportion of clothing exports in China has dropped to 44.2% in 1~4 months.