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 Price Trend
Competition the International Market has Intensified January

Boom Index of Foreign Trade in January was 693.81, down 12.49% from the prior month, Price Index of Foreign Trade in December was 181.50, up 3. 31% from the prior month,
and Faith Index of Foreign Trade in December was 1050.47, up 5. 57% from the prior month.
Textile clothing exports in Keqiao, Shaoxing decreased in January, and textile exports showed a trend of decline. Competition in the international market intensified and export orders decreased month-on-month. The export market was not good. Most orders were transferred to Southeast Asia, India, Turkey and other countries. Domestic and foreign trade demand increases in some areas this year, and foreign trade orders may be more. But in January this year, we have to consider that the foreign environment is not so good, and foreign trade orders may decrease. In addition, the transfer of orders brought much pressure, and it is difficult to regain the orders. Shipping demand has reached a low point, freight rates have fallen back to pre-pandemic levels, and global capacity and container surpluses are severe. At ports around the world, empty containers are piling up. Weak global demand and sluggish foreign trade are important factors for the accumulation of empty containers at ports. In January, due to the Spring Festival holiday, production enterprises stopped production for a holiday and the traditional market was completely closed. Compared with December, the foreign trade orders fell, the demand contracted and the export orders fell. But the export prices of innovative products rose month-on-month. So the index of foreign trade prosperity declined and the index of foreign trade price rose.
Firstly, demand of overseas market decreased, and the Boom Index of Foreign Trade fell month on month.
Boom Index of Foreign Trade Textile Enterprises in Keqiao, Shaoxing fell in Jaunary. Foreign trade orders of textile enterprises in Keqiao decreased. Boom Index of Foreign Trade of cotton and blended fabrics was 806.74, down 24.73% from the prior month. Boom Index of Foreign Trade of chemical fiber filament was 512.75, down 10.04% from the prior month. Boom Index of daily home textiles was 1923.27, down 42.63% from the prior month. Boom Index of Foreign Trade of curtains was 1685.02, down 2.61% from the prior month. Boom Index of dipping or coating textile materials was 3547.34, down 4.98% from the prior month. Boom Index of Foreign Trade of knitted and crocheted fabrics was 1035.63, down 2.06% from the prior month. So Boom Index of Foreign Trade fell.
1. Overseas demand and orders decrease. In January, the risk of global economic recession rose and the growth of external demand continued to slow down, which became a severe test for China's foreign trade. At present, the main contradiction in foreign trade has changed from supply chain disruptions and inadequate capacity to the current weak external demand and declining orders. From the fourth quarter of last year, has shown a one-month year-on-year growth trend of decline. Winter approaching, the Yangtze River Delta foreign trade enterprises will face severe challenges.
2. Foreign trade enterprises have mixed feelings. When the situation of epidemic prevention and control is stabilizing, however, the domestic demand is insufficient, and the rate of opening is not even half, so we have to look for a way out in foreign trade. Domestic trade does not give strength, foreign trade to start again, textile enterprises some export large, are facing a dilemma situation. January was a mixed month for foreign trade companies. We are glad that the epidemic prevention and control is stabilizing, so we can carry out normal foreign trade activities. But we are worried that there are still some uncertainties in the future. The foreign trade competitiveness of other countries is changing, and some enterprises in some developed countries are competing with us for orders.
3. Competition in foreign trade orders has intensified. With domestic demand nearing saturation and homogeneous competition fierce, the overseas market in January is a different story. Despite selling at a third of the price of overseas counterparts, customers just don't buy it. In fact, it is not unnecessary to worry. Three years after the epidemic, epidemic prevention policies in Southeast Asia have been gradually liberalized following those in Europe and the United States. While China's export growth has slowed down, export growth in Southeast Asia has increased significantly, with Indonesia's export growth exceeding 40%, Vietnam over 30%, and Malaysia, Thailand and the Philippines at around 20%. At the same time, the "manufacturing reflux" of European and American countries is also seizing the market, and the competition for orders is becoming increasingly fierce.
Secondly, the price of export products rises, and Price Index of Foreign Trade rises.
Price Index of Foreign Trade rose in January. Price Index of Foreign Trade of cotton and blended fabrics was 135.04, up 2.48% from the prior month. Price Index of Foreign Trade of chemical fiber filament was 193.46, up 3.02% from the prior month. Price Index of knitted and crocheted textiles was 175.94, up 14.28% from the prior month. So Price Index of Foreign Trade rose.
1. Expand the international market of high-end chemical fiber products. When exporting products to "One Belt and One Road" countries and regions, some standardized textile enterprises in Keqiao District are expanding the market in the direction of high-end chemical fiber products in addition to conventional varieties. More than 80% of some enterprises come from "One Belt and one Road" countries and regions, with a month-on-month increase in sales. Pull the total price index of foreign trade rose month on month.
2. Many typical products have won the favor of many foreign businessmen. Faced with the "high cost and weak demand" predicament, some export textile enterprises take the initiative to adjust the development direction, make good use of relevant policies and measures, pay more attention to scientific and technological innovation, product development and quality improvement, continue to promote the transformation and upgrading of products, equipment and process, and improve the added value of products. Keqiao District, part of the regular model textile enterprises main science and technology, fashion, green integrated velvet series products, in the scientific and technological innovation, green design, clean production and other aspects of the strong strength. Mountaineering velvet, European cotton integrated velvet, cotton Shu velvet many typical products to win the favor of many foreign businessmen. Pull the total price index of foreign trade rose month on month.
3. Textile fabric enterprises continuously develop new products.Some standardized model spinning enterprises in Keqiao mainly manage all kinds of worsted wool, in recent years, in the raw materials, design and technology, focusing on environmental protection, health, the development of wool, tencel, rayon and other multi-component blended products, as well as anti-static, antibacterial, three anti functional products, won the favor of many foreign investors. Pull the total price index of foreign trade rose month on month.
Thirdly, forecast of Foreign Trade Index next month.
For the export situation in February 2023, it is expected that the export of textiles and clothing will show a small month-on-month growth trend. February, demand to maintain month-on-month growth will be the main keynote. Exports of textiles and clothing are expected to rise month on month in February. It is expected that some foreign trade orders in February will still increase month-on-month. Shaoxing Keqiao Textile enterprises to build the "Internet + foreign trade" platform, cross-border e-commerce to open the trend of growth "fast lane", to build a foreign trade ecosystem, textile trade will also usher in new opportunities for development. There are many large enterprises to do foreign trade with its own excellent product quality and appropriate price, the share of orders in the market will further improve. As a hundred-billion-level textile industry cluster, Keqiao is taking the opportunity of being selected as the Zhejiang provincial pilot area of "Science and Technology Innovation China", and is re-examining the new positioning of "science and technology, fashion, green", committed to building the world's leading textile material science and technology center, and accelerating the transformation of scientific and technological achievements into actual productivity.
Issued by: Ministry of Commerce, PRC
Prepared by: Construction Management Committee of China Textile City
Compilation Office of “Keqiao, China Textile Index"
Chinese site:
English site:
Phone:0575-84125158     Contact person:Wei Yinan

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