For the past 2019, textile people have indeed had a difficult time. After the bad market in the past, there must be a wave of good market, but now after the bad market, it is still a piece of cake! Textile factories, traders, etc. have suffered serious losses and cannot see the light of day. Many textile workers have already had the idea of withdrawing from the industry…
2017: Let alone 50,000 meters, even 5,000 meters are not in stock!
The editor’s friend Xiao Zhang is the manager of a textile factory. The factory mainly produces imitation memory, pongee and other products. The year 2017 was very impressive to him: “2017 The market will be very good starting from September in the second half of the year. Polyester taffeta, pongee, and imitation memory are all very popular. The 75D weft twist imitation memory in our factory is seriously out of stock, and the queue on the machine will take about 15-20 days. Then Sometimes I get a headache from customers, but there is nothing I can do about it. The entire market is in a state of being out of stock of all specifications and having to queue up for everything.”
“In addition to 75D weft twist imitation memory, 300T pongee is also very popular. At that time, a customer placed an order for 50,000 meters, but our factory didn’t even have 5,000 meters in stock, and you couldn’t buy it if you had money. We had to wait in line to get the goods.” Xiao Zhang recalled: “We were very busy every day at that time, and the workers were off work. We still worked overtime in the factory every day, but we were happy in our hearts, and the efficiency of the factory was also very good. , the workers also receive high wages, and everyone is full of energy.”
The reason is that in the second half of 2017, due to the Machine rectification, limited production capacity, insufficient startup, and a sharp reduction in the manufacturer’s daily output.
In addition, buyers began to place orders for cotton and down jackets in September. Polyester taffeta, pongee, imitation memory, nylon, etc. are the first choice for autumn and winter fabrics and are favored by designers of major clothing brands. Therefore, in the second half of 2017, conventional products such as polyester taffeta, pongee, and imitation memory fabrics are hard to find on the market, and the inventory of weaving manufacturers is almost zero.
2019: There is no place to put the gray fabrics!
After the “baptism” of 2018 and 2019, imitation memory has now fallen off the altar. Xiao Zhang said: “Our products have fallen by 20%-30% since the beginning of 2019. For example, the 75D weft twist imitation memory has gone from 2.8 at the beginning of the year to 2.3 now. The cheapest 1.6-1.7 on the market can be obtained. You can imagine how much less our profits have been! The inventory is also increasing. At the end of December At that time, we already had 1.3 million meters of inventory. (50 looms).” Xiao Zhang also revealed: “During the off-season of July and August 2019, our warehouse could not store more cloth, so we could only put it in Went to someone else’s warehouse.”
Why is there so much difference between 2019 and 2017? The answer given by Xiao Zhang is: “There is too much production capacity, and customers are ordering less and less. Customers’ debts are increasing, and the billing period is getting longer…Profits are also falling again and again!”
In addition to overcapacity and reduced order volume, another important reason is that imitation memory has gradually been replaced by T400 and T800. The T series is the best-selling product in 2019, especially the market products, which have basically been occupied by the T400. Although T400 does not contain spandex, it has very good elasticity, which improves the comfort of clothing. It also has good stretchability and restoreability, and has both a three-dimensional and layered feel, so it has become the preferred fabric for autumn and winter clothing. This year, many manufacturers that produce imitation memory have transformed into memory T400 and memory T800, and sales have been good.
Imitation memory reached its peak in 2017 and fell off the altar in 2019. This is also a very helpless thing. The market is changing rapidly. At this time, we must stick to our position. , or to open up new markets, is a question that every cloth boss needs to think deeply about.
2020: In the textile industry, as long as you are willing to work hard, there is always an opportunity!
The textile market is now gradually saturated, and everyone is getting less and less of the cake. However, due to its low threshold, many people still want to take this path.
Will the market improve in 2020? Market participants all said that the market should improve compared with 2019. First, China and the United States signed the first phase agreement, and Sino-US relations have substantially improved. Furthermore, judging from the orders received by textile companies at the end of the year, the situation is acceptable. Some companies said that orders have been scheduled until March or April next year. “Although we have stopped taking orders recently, we still have customers coming to look for samples.” A trader of finished products said.
Textiles are like a siege, and people inside want to escape. People outside want to jump in… But as long as you are willing to work hard and work diligently and down-to-earth, there will always be opportunities in this market!</p
