China's underwear industry booming, export growth has slowed - Precision Fasteners

From 2001 to 2006, China's export volume underwearEuropean Union last year, China carried out
is about 17.83 percent average annual growth ratequantitative import restrictions underwear, underwear
amounting to an average annual increase of 23.40%.exports to the EU marked slowdown in growth in
1-5 months this year, export volume and valuethe number, but this year from January to May,
increased by only 4.87% and 11.67% for Underwearunderwear exports to the EU the number, amount,
China's current market capacity and great potentialprices are increased. This year from January to May,
for export growth, according to Customs statistics,China's underwear exports to the EU 797 million over
from 2001 to 2006, annual volume of about a 7.83the previous year increase of 25.78 percent over the
percent average annual growth in the amount ofsame period; export 1.447 billion U.S. dollars, up
average annual growth of 23.40%. This year from30.21%; the average price of 1.82 U.S. dollars / piece,
January to May, exports had reached 6 billion, earningan increase of 3.52%. Most of them exported to
9.2 billion dollars. The first five months of this yearGermany, exports German 207 million, compared with
compared with a year earlier, the export volume andgrowth of 42.58 percent over the same period the
value growth underwear respectively 4.87% andprevious year; export 323 million U.S. dollars, up 54.73
11.67%. As can be seen, underwear exports lastpercent; the average price of 1.56 U.S. dollars / piece,
year's rapid growth, the growth rate has been loweran increase of 8.56%. The amount of export volume
this year. Underwear industry is China's garmentgrowth in the United States in 2006, the United
industry, one of the most potential industries. In theStates to impose restrictions on the underwear, the
wave of China's economic takeoff, the underwearunderwear exported to the U.S. are subject to
industry, flourishing, in just more than ten years, withcertain inhibition, but with the first half of this year, a
20% -30% of the rate of rise of a basic sound andstable and predictable trade environment, China's
mature industry and the market system. At present,underwear exported to the U.S. grew rapidly. This
China Guangdong, represented by the formation ofyear from January to May, China's underwear
the South, with Shanghai as the representative ofexported to the U.S. 456 million over the previous
the eastern and northern China with Beijing as theyear grew 96.4 1%; export 1.34 billion U.S. dollars, up
representative of the "three pillars" of the market70.39 percent; the average price of 2.94 U.S. dollars /
situation. In recent years, China Textile Industrypiece, down 13.24%. Which grew faster T-shirts,
Association named five "China's underwear town,"T-shirts exported to the U.S. exported 076 million, an
one of which is "China Knitting town", they includeincrease of 168.77%; earned 216 million U.S. dollars, an
Yanbu Town, Nanhai, Guangdong Province, Shenzhenincrease of 130.98%. From the 20th century, since
and Shanghai Town, Jinjiang City, Fujian Province,the mid-90s, China's underwear industry, in particular
Shantou City, Guangdong Province, Chaoyang, Districtwomen's underwear, to achieve long-term
Gurao Town, Shantou City, Guangdong Province,development, export growth very quickly. According
Chaonan Chendian Xiaolan Town, Zhongshan City,to statistics, China's underwear industry, the three
Guangdong Province. This year from January to May,pillars of the largest export product is T-shirts, shirts
China's underwear exported to more than 200and bras. These three products foreign exchange
countries or regions, the 27-nation EU as a separateearnings, from 1995 to 2006, T-shirts, shirts and bras
market to look at, earning more than 100 million U.S.average annual growth of 14.46%, respectively,
dollars alone, there are 17 international markets.9.18% and 20.30%. This year from January to May,
Which underwear export more than one billion U.S.China's largest export underwear these three pillars
dollars in the market there are three major markets,of export products accounted for 76%, but the
namely Japan, the EU and the U.S.. These threegrowth rate has fallen over the previous year. 2006
markets account for underwear exports earned fiveShirts, T-shirts and bras growth rate of 47.75%,
number. The Japanese market close to saturation.respectively, 40.71 percent and 112.64 percent, while
While from January to May this year, China'sfrom January to May this year, the growth rate
underwear market is still exported to Japan occupieddropped to 24.05%, 6.11% and -5.72%, we can see
the first position, but the Japanese market nearlybra products exports fell the fastest, has been
saturated, the average annual growth in recentnegative growth this year than last year. Expert
years, the limited foreign exchange underwear. Thisanalysis, my underwear is mainly due to slowdown in
year from January to May, China's underwearexport growth, first, a high base in 2006, this year's
exports to Japan 790 million, down 1.57 percent overhigh growth is more difficult to upgrade; Second, with
the same period the previous year; export 1.866the rapid shift from the macro-economic overheating,
billion U.S. dollars, down 1.32%; the average price ofmacroeconomic policy, showing tight, so that My
2.36 U.S. dollars / piece, an increase of 0.26%.underwear enterprises feel more pressure; third in
Although the market saturation, but the marketthe country's trade surplus large appreciation of the
demand for high-quality underwear is thriving. Thisrenminbi continues to accelerate, textile and garment
year from January to May, underwear three pillars ofexport tax rebate rate cut and other unfavorable
the products exported to Japan has decreased infactors, China's textile export price advantage is
varying degrees, shirts exported to Japan declinedweakening, cost pressures continue to increase large,
even further, exports of 100 million, down 4.76%;corporate shift to the domestic market has
earned 546 million U.S. dollars, down 0.51%. As theincreased.