International Market Demand Continues To Recover, Textile And Garment Export Situation Keeps Improving.

< p > recently released the Research Report of the Baron East. The General Administration of Customs announced that in 2013 February, China's < a href= "//www.sjfzxm.com/news/index_c.asp" > textile > /a > and < a href= "//www.sjfzxm.com/news/index_f.asp" > clothing < /a > total export value increased by 31.86%, of which textile grew 26.30% and clothing increased 35.30%. From the final destination country of exports, the amount of exports to the United States increased by 15% in February compared with the previous year, while the amount of exports to the EU increased by 9.9% compared to the same period in February. < /p >
< p > USDA recently released the global cotton supply and demand monthly report. According to the report, the global cotton inventory consumption in 12/13 has been reduced to 76 from 77 in February. < /p >
< p > the export situation of textile and clothing is constantly improving, which is expected to be conducive to the 13 year sales growth of the company. In terms of the monthly growth rate, the export volume of China's textile and clothing in February was significantly higher than that of last year or January. The growth rate of textile and clothing exports in February was 38.21% and 94.17% respectively, while the growth rates in January and February were 19.70% and 12.10%, 6.01% and -15.01% respectively. < /p >
< p > the main reason is that the international market demand continues to recover, especially the United States and Europe (which account for more than 30% of our total exports). Among them, the recovery of the US economy is in good condition, and the European economy has begun to stabilize gradually, considering that the main business of the company is closely related to exports. Most of the domestic sales accounted for 60% of the total are also indirect exports. Therefore, the expected export situation of our clothing exports will be good for the 13 year sales growth of the company. < /p >
< p > internal and external a href= "//www.sjfzxm.com/news/index_p.asp" > cotton price < /a > difference is expected to continue to improve, and is expected to benefit the company's 13 year gross margin. The pricing of the company's products is mainly based on domestic cotton prices, but it will also consider the difference between the inside and outside cotton prices and give the customers a corresponding discount. Therefore, the reduction of cotton prices within and outside the company will be conducive to the improvement of the gross profit margin of the company. < /p >
< p > USDA published cotton report shows that global cotton 12/13 inventory consumption is further improved than forecast. At the same time, according to the global cotton planting intention data released by the International Cotton Advisory Committee in 13/14, the cotton planting area of 13/14 in the new year may be reduced by 9%, and the predicted annual output will be 23 million 200 thousand tons, which will be reduced by 2 million 699 thousand tons compared with 12/13. After three consecutive years of oversupply and demand, global cotton is expected to have a more balanced supply and demand in 13/14. These will effectively support the growth of foreign cotton prices in 13 years, and the difference between domestic and foreign cotton prices is expected to continue to shrink. < /p >