The development prospects of the textile industry in the next ten years

Published on:

2023-06-05

However, most clothing enterprises' exports are mainly OEM, domestic sales have not yet formed a "brand premium", and the industry entry barriers are low, price competition has become the main means, therefore, the main business expansion of clothing companies is restricted; Fabric companies are in the middle of the industrial chain, the rapid development of the clothing industry has a strong demand for fabrics, nearly 50% of the fabrics in the export clothing still need to be imported, and the state will also "domestic fabrics to replace imports" as one of the important industrial policies. The fabric industry mainly relies on equipment technology competition, industry barriers are high, sales constraints are weak, and it is easy for enterprises to improve performance by expanding production. Therefore, fabric companies and fabric-clothing upstream and downstream supporting companies in the textile sector have a promising prospect.

The development prospects of the textile industry in the next ten years

However, most clothing enterprises' exports are mainly OEM, domestic sales have not yet formed a "brand premium", and the industry entry barriers are low, price competition has become the main means, therefore, the main business expansion of clothing companies is restricted; Fabric companies are in the middle of the industrial chain, the rapid development of the clothing industry has a strong demand for fabrics, nearly 50% of the fabrics in the export clothing still need to be imported, and the state will also "domestic fabrics to replace imports" as one of the important industrial policies. The fabric industry mainly relies on equipment technology competition, industry barriers are high, sales constraints are weak, and it is easy for enterprises to improve performance by expanding production. Therefore, fabric companies and fabric-clothing upstream and downstream supporting companies in the textile sector have a promising prospect.

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