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Press Releases
2014-10-29  download as PDF Download this press release in Adbobe Acrobat format | download as DOC Download this press release in Microsoft Word format
Shipments of textile yarn machinery to China fall as those to Vietnam soar reflecting shifts in sourcing patterns

Shipments of yarn machinery to the textile industry in China fell in 2013, according to Issue No 171 of Textile Outlook International from the global business information company Textiles Intelligence. At the same time, shipments to the industry in Vietnam soared.

The fall in shipments to the industry in China reflected a shift in sourcing away from the country, and extended to short staple spindles, long staple spindles, open-end rotors and double heater false-twist draw texturing spindles.

In the case of open-end rotors, the fall in shipments to the industry in China accounted for the entire decline in global shipments as shipments to the industries in several other countries rose strongly.

Shipments to the industry in Vietnam, for instance, soared at a quadruple digit rate. And in the case of short staple spindles and double heater false-twist spindles, shipments to the industry in Vietnam surged at triple digit rates.

These trends reflected an apparent shift in the sourcing of textiles and clothing from China to other countries in Asia, and Vietnam in particular.

Having said that, China continued to be, by far, the world's largest investor in textile yarn machinery in 2013 and it remained the world's largest producer and exporter of textiles and clothing.

Furthermore, China's share of world textile and clothing exports during the year was up from 36.1% to 37.1% as exports grew by 11.3%. In clothing alone, China's share was up from 37.8% to 38.6% as exports rose by 11.2%.

However, the industry faces several challenges and clothing export growth is expected to slow to around 8% in 2014 and could slow further in future years. Among these challenges are rising costs and increasingly stringent environmental regulations.

Vietnamese clothing exports, on the other hand, grew by 19.3% in 2013, and during the first quarter of 2014 they were up by over 20% compared with the corresponding period a year earlier. Furthermore, Vietnamese exports are expected to continue to rise at a healthy rate over the coming years. Indeed, the Vietnamese government expects them to more than double by 2025.

The Vietnamese clothing industry hopes to benefit from a number of trade agreements. It also hopes to benefit from a diversion of orders from Bangladesh and Cambodia -- where safety or unreliability issues are undermining competitiveness -- as well as from China.

Issue No 171 of Textile Outlook International includes the following reports: "Editorial: Discharge of hazardous chemicals from textile dyeing and printing plants -- a retail viewpoint"; "World textile and apparel trade and production trends: China, Hong Kong, Japan, South Korea and Taiwan"; "Survey of the European yarns fairs for autumn/winter 2015/16"; "Profile of Sun Capital Partners: a specialist which turns around textile and apparel companies"; "The world's leading clothing exporters and key markets"; and "World markets for textile machinery: part 1 -- yarn manufacture".

Textile Outlook International is published six times a year by Textiles Intelligence. Each issue provides an independent and worldwide perspective on the global fibre, textile and apparel industries.

A year's printed subscription to Textile Outlook International costs 995 (UK), Euro1,835 (Europe, Middle East or Africa) or US$2,385 (Americas or Asia Pacific). An electronic supplement is also available; please contact us for details. Single issues are available on request.

For further information, please contact Belinda Carp at Textiles Intelligence, Alderley House, Wilmslow, SK9 1AT, UK.

Tel: +44 (0)1625 536136; Fax: +44 (0)1625 536137; Email: info@textilesintelligence.com

For press copies and editorial enquiries, please contact Robin Anson or Guillaume Brocklehurst at Textiles Intelligence.
Tel: +44 (0)1625 536136. Fax: +44 (0)1625 536137.
Email: editorial@textilesintelligence.com