The textile manufacturing industry in the United States and Europe has great room for improvement in the future
The economic crisis in Europe and the United States has affected the development of the textile manufacturing industry. As the economies of the United States, Japan and Europe gradually recover, the economic situation tends to improve, and the market sales of textile and clothing will also increase. The worst period for the development of the textile and clothing industry has passed. At present, The industry is in the initial rising stage of weak recovery and low inventory, and the textile manufacturing industry will grow steadily.
The economic crisis in Europe and the United States has affected the development of the textile manufacturing industry. The economies of European and American countries have begun to recover a few days ago, with the United States taking the lead in recovery, followed by Japan, and the European Union giving birth to hope amid setbacks. The specific analysis is: the U.S. market has the clearest recovery trend, and considering that the current textile inventory level in the United States is relatively low and the economic situation is improving, it is expected that the current good recovery momentum is expected to continue. The recovery intensity of the Japanese market is weaker than that of the United States, but based on indicators such as import growth, inventory and capacity utilization, demand recovery has just begun, and the recovery is expected to strengthen in the future. The EU’s demand for textiles has been affected by the European debt crisis. However, the adjustment itself has been relatively sufficient, and signs of recovery have been reflected. There is considerable room for improvement in the future.
The worst period for the development of the textile and apparel industry has passed. The industry is currently in the initial rising stage of weak recovery and low inventory. As the inventory level of the domestic downstream garment industry improves and the foreign economic situation improves, the demand side of the textile industry gradually shows signs of recovery; production companies are still more cautious in judging the future of the industry, and the process of destocking and overcapacity is still continuing. Adjustments in the past two years have Lay the groundwork for continued improvement in the future.
The general judgment on the future demand improvement trend is a sustained and moderate recovery. The recovery time cycle is generally judged to be more than two years, and the recovery space is roughly the same as that in 2009-10.
The reason is that the current industry recovery is based on long-term adjustments and industry inventories, production capacity utilization, etc. are at low levels, which leaves a large space for the sustainability of future industry recovery. Considering that the domestic sales market is still in a period of stable growth, and the problem of clothing inventory backlog is gradually being resolved, and the export market is coming out of a difficult stage, we believe that a sustained recovery is a high probability event in terms of trends. Under the assumption that the domestic and international economic situation will hardly improve significantly in the short term in the future, the industry recovery is expected to be relatively moderate and sustained, unlike the rapid and short-lived recovery in 2009-10 that was driven by the government’s strong economic stimulus.
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