Attention Should Be Paid To Textile And Garment Export Related Companies

According to CCTV, on May 28, industry insiders in India's clothing export industry said that due to the blockade measures during the epidemic period, India's clothing industry exports shrank seriously. In 2020, India's clothing industry exports decreased by 24%. In the new round of the epidemic, Indian enterprises have lost a lot of garment export contracts due to the lack of workers. Exports from the sock hub of ludiana, in the northern Indian city of Punjab, fell 35%. Relevant data show that in the clothing town of Delhi and Bangalore, the garment industry labor absence rate as high as 50%. Industry insiders said that usually this time of year is the peak of orders, but now all buyers are more cautious.

In addition, in recent years, other Asian countries have also shown signs of warming up. Malaysia, Vietnam, Thailand and other Asian countries are also suffering from the impact of the new epidemic. As the key production and manufacturing bases in the global market, the continuous epidemic situation in these places will have an impact on the global supply chain. From the global textile and clothing evolution trend, Southeast Asia textile and clothing exports accounted for a relatively high proportion, the epidemic situation may lead to order transfer.

Since this year, China's textile and garment industry has maintained a rapid growth. According to customs statistics, from January to April this year, China's textile and clothing exports reached 88.37 billion US dollars, a year-on-year increase of 32.8%. Among them, the textile export reached 43.96 billion US dollars, an increase of 18% over the same period of last year; Clothing exports reached US $44.41 billion, up 51.7% year on year. In April, China's clothing exports reached 11.12 billion US dollars, a year-on-year increase of 65.2%, which continued to increase by 22.9 percentage points compared with the growth rate of last month's exports. Compared with the same period before the outbreak (April 2019), exports increased by 19.4%.

Listed companies can pay attention to the textile and clothing industry chain stocks such as Lutai a (000726), Xinhua Jin (600735), Nanfang shares (600250).