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February 21, 2024

What will the textile market be like in 2024?

What's the market situation for the textile industry next year? Surely this is a topic of great concern to everyone.

This year, the target of telephone visits, both large factories, small enterprises, as well as professional information platforms; There are both terminal brands and traders; Both intensive production of conventional varieties of manufacturers, but also the development and production of differentiated yarn is known for innovation in the industry. Most of them are successful entrepreneurs in the industry. Their feelings can reflect some of the real situation of the current industry.

In summary, there are the following points to share with you.

1. Orders may continue after the festival

Most enterprises are currently in a balanced state of production and sales, and some varieties are also in a tight supply situation.

Most companies expect no problems with orders until at least the end of March.

Such a market has also led to the recent slight increase in the price of bulk raw materials.

Second, cost-effective yarn is more popular

In contrast, the popularity of characteristic cost-effective yarns exceeds that of ordinary conventional varieties.

Vortex spinning series, medium and high support series, tight viscose series...... The order volume obviously exceeds the ordinary pure cotton yarn, viscose yarn, polyester yarn.

It is worth mentioning that the current Lyocell series has become a wave of hot products in the market.

Gong Huarui, innovation director of Luolai Home Textile, said that at present, the proportion of their home textile products, pure cotton series has been reduced to less than 50%, and the use of various new materials has exceeded half of the total, of which Lycel is an important element.

Some companies that follow the terminal brand and build a supply chain ecosystem for a long time will feel better with stable orders and relatively good prices.

Third, the medium - and long-term market trend is cautiously optimistic

On the positive side, China's textiles are inexpensive, innovative and increasingly high technology content, and have irreplaceable advantages in the global market, and the fundamentals of demand are long-term stable. In particular, the domestic textile and apparel consumer market is still in a quite active stage.

Economists call this the "lipstick effect." That is, a big house can not afford to buy a piano can not afford, then buy some new clothes to comfort yourself!

The side that needs to be viewed with caution is that the surplus will remain for a long time and the reshuffle will continue. Domestic demand does not have sufficient momentum for sustained growth, what is more severe is that foreign trade has been in a relatively low situation for a long time, and the global clothing inventory level is still high.

A short period of small peak season, followed by a longer period of confusing downturn off-season, hot and cold alternately, it is difficult to have a lasting trend of the market, it seems to become a normal.

For the future long-term market trend of the textile industry, most entrepreneurs believe that it should be treated with caution.

(Source: Textile and Garment Weekly)

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