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Weekly Market Report | The price of raw material velvet has stabilized, and washing plants have completed stocking up; foreign trade has improved in the first two months, and the growth rate of textile and clothing exports has picked up.

2024-03-10 来源：金绒浏览量：1382

Summary

In the 10th week of 2024 (3.4-3.10), the market was generally stable, and the price of goose down fell slightly.

The late spring cold and heavy platform subsidies have caused sales of down jackets that should have been out of season to rise. Some clothing companies have carried out small-scale replenishment production and were forced to accept the current high prices of finished down jackets. However, various clothing brands are still waiting to see the launch of large orders, and it is even more difficult to accept the high prices of finished velvet.

At present, the price of raw velvet is stabilizing, indicating that finished velvet suppliers have finished stocking up and are no longer willing to increase their inventory by high-priced foodies. Moreover, the specification velvet market is in the off-season and has no trading volume to support it. The subsequent transactions will depend on the purchasing demand of the downstream industry and the situation of export orders.

The good news is that the foreign trade situation continues to improve. Even in terms of US dollars, the total import and export volume in the first two months of this year increased by 5.5% year-on-year, of which exports increased by 7.1%. In terms of commodities, the growth rate of textile and apparel exports picked up; in terms of countries, the growth rate of exports to the United States and ASEAN rebounded significantly.

Good news this week

With sufficient orders after the start of the new year, Donglong Home Textile’s revenue increased by nearly 30%

At the beginning of the new year, various industrial enterprises in Wuwei City are working hard to catch up on orders and busy with production. They are trying their best to seize the favorable opportunity of sufficient opening orders, accelerate production with all their strength, show a good development momentum of both production and sales, and strive to accelerate development.

In the production workshop of Donglong Home Textile Co., Ltd. located in Wucheng Feather and Down Industrial Park, machines are roaring, multiple production lines are operating at full capacity, and all workers are on duty, working at full capacity to produce various order products.

"We currently have seven production lines operating at full capacity. This quarter we will complete the output of 1,200 tons of cashmere and 4,600 tons of raw materials.Our products are mainly exported, and some are sold domestically. We cooperate with some domestic companies such as Bosden and Ningbo Tianya Garment Factory, and export to Japan and Europe. We are very confident to complete this year's order volume."Zheng Hanping said .

Donglong Home Textiles can currently process more than 10,000 tons of down and feathers annually, and process 70 million meters of various home textile fabrics annually. At the beginning of 2024, the company has achieved sales revenue of 71.16 million yuan, an increase of 28.2% over the same period last year.

"This year, the company will also complete the planning, environmental impact assessment, safety assessment and other approval procedures for the high-quality utilization project of 1,500 tons of recycled down, and strive to start construction in April and complete and put into production in November to enhance the production and storage capacity of high-quality down." Donglong Home Textiles said Ni Yunyun, assistant to the general manager of the Co., Ltd.

source | 智慧无为

The scale of import and export in the first two months hit a record high for the same period in history

According to customs statistics, in the first two months of 2024, calculated in RMB (the same below), our country's total import and export value of goods trade was 6.61 trillion yuan, a year-on-year increase of 8.7%. Among them, exports were 3.75 trillion yuan, an increase of 10.3%, and the growth rate returned to double digits; imports were 2.86 trillion yuan, an increase of 6.7%; the trade surplus was 890.87 billion yuan, an expansion of 23.6%.

Lu Daliang, director of the Statistical Analysis Department of the General Administration of Customs, said that in the first two months, our country's goods trade continued the positive trend since the fourth quarter of last year, with year-on-year growth for five consecutive months. The scale of import and export hit a record high for the same period in history, and the growth rate was higher than that of the fourth quarter of last year. The quarterly acceleration was 7.1 percentage points, achieving a good start.

Reuters issued an article on the same day stating that China’s import and export growth in the first two months exceeded expectations, indicating that Asian economies have benefited from the surge in semiconductor demand and that global trade is reversing the unfavorable situation. This is of great significance to policymakers trying to promote a weak economic recovery. Said it was an encouraging sign.

Bloomberg interpreted that China’s export growth in the first two months of this year was much faster than expected. The 7.1% growth rate (in U.S. dollars) far exceeded the 1.9% forecast by economists. This figure was also much better than the 2.3% growth rate in December last year, indicating that China, the world's second largest economy, is struggling to regain its footing.

However, the day before, Minister of Commerce Wang Wentao said at a press conference that the foreign trade situation this year is still severe. Due to the high base in March last year, it is expected that foreign trade may fall back in March this year, but the overall trend is still rising.

In addition, in the first two months, our country's textile and apparel exports to the world totaled 320.53 billion yuan, an increase of 17.5%. Among them, the export of textiles was 154.33 billion yuan, an increase of 18.9%; the export of clothing and clothing accessories was 166.2 billion yuan, an increase of 16.3%.

source | 金绒采编自海关总署、新华社

As late spring comes, sales of down jackets soar

Among the four seasons of the year, the most unpredictable season is spring. Recently, late spring cold has occurred in many places in our country. According to the China Meteorological Administration, the temperature in February this year was low and the precipitation was high. In March, there will be five cold air attacks in our country.

Data from online shopping platforms show that while prices of down jackets have dropped, sales have continued to rise. Mr. Ou, a Tmall merchant, said that because now that spring has begun, clothes are out of season and merchants have cut prices, triggering anti-season stocking. Coupled with the late spring cold and increased platform subsidies, sales of down jackets have increased.

In addition, Women’s Day is approaching soon, and savvy mothers have begun to take this opportunity to buy goods. This has also triggered the hoarding gene of the post-00s generation, so there is a phenomenon of #Sales of down jackets surge as late spring cold hits#.

However, some netizens believe that for down jackets, a "hard currency", you not only have to worry about your wallet, but also the quality. The most feared thing is to pay the "IQ tax". Others believe that discounts on off-season clothing are huge, but if they want to “pick up the slack”, they need to clearly identify the product quality, ask about the warranty, and keep their eyes peeled to avoid being deceived.

source | 沸点视频

The Spring and Summer Home Textile Exhibition kicks off, and the down industry cluster fully demonstrates its competitiveness

On March 6, the three-day textile industry's "first exhibition of the year" - the 2024 China Textile Federation Spring Joint Exhibition opened grandly at the National Convention and Exhibition Center (Shanghai). This year, Xiaoshan down quilt and Nantong bedding industry chain will combine their respective strengths to fully demonstrate regional advantages, agglomeration effects and market competitiveness.

Zhejiang Down Industry Association joined hands with 17 Xintang down companies to form the "Zhejiang Down Pavilion" to appear at the intertextile home textile exhibition in the joint exhibition. Through the form of "high-quality exhibition + summit forum", the team further tells the industry story and expands Xintang's influence inside and outside the down industry.

With the theme of "Let's discuss the development of high quality and rush into the new era of down", the forum focused on displaying the characteristics, new products and new technologies of a number of down home textile brands. Down shawls from Wanxiang Rongsubao brand, infant home textiles from Hualong Lazy Goose brand, premium down from Liuqiao Zhenyuan and other brands left a deep impression on the audience.

Focusing on the down quilt product category at the Home Textile Exhibition, Donglong, Fangxiang, Gaga Home Textiles, Ocean Feather, Huajun Industrial, Torch Feather, Jinhong Sanniao, Liuqiao Group, Pinhang Bedding, Samsung Down and other companies will also make major appearances. With their special down products, they subvert the public's traditional understanding of down quilts.

Nantong International Home Textile Industrial Park brought 14 companies in the area to participate in the exhibition, which also conveyed the new trend of Nantong home textiles - focusing on niche needs, R&D becomes more "small but refined" and opens up new tracks.

Hu Bohan, the corporate brand manager of Shanghai Suixing Suixing Technology Co., Ltd., whose production base is in Dieshiqiao, said, "In the future, the company will explore niche tracks and achieve new development. We develop products for camping, business trips and other needs. Launched new products such as lightweight duvets and storage pillows. ”

source | 萧山新塘、南通日报

Bad news this week

Analysis of our country's down bedding exports in the fourth quarter - a decrease

In 2023, our country's home textile exports will decline year-on-year, but the decline will gradually narrow. Especially since the second half of the year, the export situation of our country's home textile products has continued to recover, and it achieved a good growth of 6.08% in December.

However, from October to December, our country's total exports of down bedding were US$112 million, a year-on-year decrease of 8%. Among them, down quilts were exported to US$59 million, a year-on-year decrease of 8%. In the fourth quarter, our country's down bedding exports fell 18% compared with the third quarter.

In the fourth quarter, the top four markets for our country's down bedding exports were the United States, the European Union, Japan and the United Kingdom. Among them, exports to the United States were US$45 million, a year-on-year increase of 14%; exports to the EU were US$18.45 million, a year-on-year decrease of 38%; exports to Japan were US$9.24 million, a year-on-year decrease of 23%; exports to the United Kingdom were US$6.54 million, a year-on-year decrease of 2%.

Zhejiang, Shanghai, Anhui, Jiangsu and Guangdong are the top five ports for down bedding exports in our country. In the fourth quarter, the five ports exported a total of US$108.44 million in down bedding, a year-on-year decrease of 6%.

Among them, Zhejiang’s exports were US$68.8 million, an increase of 6%; Shanghai’s exports were US$15.44 million, a decrease of 37%; Anhui’s exports were US$10.32 million, a decrease of 14%; Jiangsu’s exports were US$9.41 million, an increase of 14%; Guangdong’s exports were US$4.47 million, a decrease of 21%.

At present, it seems that the international home textile consumer market is expected to achieve varying degrees of recovery in 2024, driving home textile exports to stabilize and improve. However, the complexity and uncertainty of the external environment have increased, and further promoting the steady growth of home textile foreign trade requires overcoming difficulties and rising to the occasion.

source | 金绒数据来自海关

Gangnan District will increase the import volume of feathers and down this year

"Our company from the former family workshop transformation and upgrading into the current regular army, is installing two of the world's most advanced down and feather washing production lines, two sets of 30 meters high high velvet machine, can produce 98 points of the cashmere content of Guangxi local big duck down, the next step to build down industry leading dust-free workshop."

On March 5, at the construction site of the Guigang Lixinlong Down Co., Ltd. project in Qiaowei Town Down Industrial Park, relevant workshop equipment has entered the site, and some equipment in Factory No. 1 has completed debugging and started trial production. It is expected to be fully completed and put into production by May this year, with an output value of 250 million.

"Currently, the import transit of feathers and down from Qinzhou Port to Guigang has been opened. We are seizing this green channel for feather imports. This year we will increase the import volume of feathers and down. We plan to achieve annual imports of 500 TEUs and an import volume of over 100 million yuan and paying import duties of 10 million yuan." said Yu Hanlong, the person in charge of the company.

It is reported that the bridge Wei Down Industrial Park is a key park for the down industry upgrading, and has been settled in 27 down enterprises, the introduction of advanced production, processing, testing and other equipment to promote the down industry from primary processing to deep processing and down products. At present, the overall construction progress has been nearly 80 percent complete.

According to the relevant person in charge, after the completion of the supporting projects for upgrading and upgrading of this batch of down, it will facilitate the convenient distribution of inbound washed feathers and down in the park, attract the national imports of feathers and down to return from Guangxi ports, and effectively reduce the production and operation costs of enterprises.

At the same time, the park will also be dominated by centralized electronic bidding transactions and supported by China Down Gold Network as back-end transaction data to provide professional, standardized transactions and related services for down traders.

source | 港南宣传

News situation

In terms of news this week, the good news slightly outweighs the bad news.

During the ninth week (2/19-2/25), the industry estimates that the number of duck seedlings will decrease to an average of about 9.7 million birds per day, but it may increase later. The current number of hatchlings corresponds to a corresponding decrease in the number of meat ducks sold in the future, causing duck down to continue to be in short supply.

In the most vibrant and hopeful time of the year, down companies have ushered in important milestones in their new year plans to launch new products, discuss cooperation, and expand business. Many well-known domestic and foreign clothing manufacturers, brand buyers, and trading dealers appeared at the 2024 China Textile Federation Spring Joint Exhibition to start the New Year's "super procurement" mode.

In the fourth quarter of 2023, our country's down bedding exports declined rapidly, with the EU and Japan, the main export markets, falling by 38% and 23% year-on-year respectively. Usually, February to April every year is the period when exports are low.

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