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Changjiang Securities' Special Report on Textiles, Outfits, and Luxury Goods: Weak Demand in North America, and Elasticity of Replenishing Inventory Needs Observation.
Looking ahead, it is expected that inventory replenishment will continue, with the elasticity of replenishment depending on the strength of demand recovery at the end. The overseas apparel retail industry has gradually entered the tail end of destocking since 2022Q3, and the pace and continuity of export chain recovery depends on the pace of replenishment, while the elasticity of recovery depends on the strength of demand recovery at the end.
Citic Sec: supply pattern continues to optimize, viscose staple fiber industry is expected to emerge from the downturn.
Viscose staple fiber is one of the three major textile fibers, combining the advantages of both synthetic and natural fibers.
CICC: Textile manufacturing forward-looking indicators continue to improve, industry “active inventory replenishment” opens
The 20233Q4/2024Q1 textile manufacturing outlook index continues to improve, the industry's “active inventory replenishment” starts, and demand continues to recover.
In the first quarter, China's textile exports totaled 7.39 billion US dollars, a year-on-year increase of 3.2%
From January to March of this year, China's textile exports stabilized, with a total export volume of 7.39 billion US dollars, an increase of 3.2% over the previous year.
China Chamber of Commerce for Import and Export of Textiles: From January to March, China's clothing exports totaled US$33.82 billion, up 1.1% year-on-year
Compared with March of previous years, this year's export scale is still at a historically high level, up 25.1% from March 2019 before the pandemic.
REACH NEW HLDGS: ANNUAL REPORT 2023
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