Recently, a fabric boss told the editor that the market price of a gray fabric produced from domestic raw materials for a recycled fabric is 10 yuan/meter, while the gray fabric produced from imported raw materials The market price is 18 yuan/meter, the price difference between the two is nearly 50%! But his customers insist on using imported raw materials to produce gray fabrics, and they don’t mind paying half the price!
Compared with gray fabrics produced from domestic raw materials, gray fabrics produced from imported raw materials have better properties in some aspects, but they are expensive and not cost-effective. Therefore, generally domestic companies are not willing to bear double the price just to improve the quality. However, foreign customers sometimes specify gray fabrics made of imported raw materials and are willing to spend half the price to improve quality. Such a situation does exist in today’s textile market. There is an increasing trend of paying high prices for imported high-end products. For the current gray fabric market, the price of gray fabrics of more than ten yuan is already very high. Usually, the price range of most gray fabrics is 2-5 yuan/meter. From the price point of view, gray fabrics worth more than ten yuan can be considered high-end. For the entire market, the sales volume of this type of gray fabrics is naturally far inferior to that of polyester taffeta, pongee, etc. that cost only a few yuan. However, Nowadays, the demand for high-end gray fabrics is gradually increasing. For example, there were 20 million meters of imitation acetic acid orders on the market a while ago, although the price of imitation acetate gray fabrics has also fallen significantly this year due to the decline in raw materials. But it also belongs to the mid-to-high-end category. It can reach 20 million meters at once, which was rarely encountered in the past.
Many orders in the market currently reflect the increasing popularity of high-end fabrics. What drives such changes in the market?
Low-end fabrics have overcapacity, and high-end fabrics have become a breakthrough
In fact, as early as several years ago, the textile market in Jiangsu and Zhejiang had already begun to show signs of transformation from low-end to high-end. In particular, the rectification of water-jet looms in 2017 led to a surge in the number of water-jet looms in other parts of the country, and the problem of overcapacity began to become serious in 2018. From the data on the output of chemical fiber filament fabrics in my country’s main filament weaving industry clusters from January to June 2020, it can be seen that Jiangsu and Zhejiang are still the main production areas of chemical fiber filament fabrics, and the competitive pressure is also the greatest. Then it is becoming more and more obvious that the Jiangsu and Zhejiang markets are taking the high-end route. In fact, it is the general trend. If weaving companies want to not be dragged down by inventory in the era of excess production capacity of low-end gray fabrics, switching to high-end products is a very feasible way.
There are also some examples in the market that prove that some weaving companies have taken the high-end route The perfect transformation that takes place. Mr. Wang, who owns 150 looms, has experienced a successful transformation. The factory originally produced ultra-fine denier gray fabrics. With the expansion of water-jet looms, competition has become more and more intense. Mr. Wang thought of transforming to produce higher-end products. fabrics, shifting the focus to recycled fabrics that have been very popular in recent years. But he does not produce conventional recycled fabrics that are currently common on the market, but continues to develop higher-end recycled fabrics, such as recycled fabrics with various textures and yarn-dyed recycled fabrics. Almost all the gray fabrics he produces need to be customized and are constantly being updated. It is precisely because of this type of high-end fabrics that Mr. Wang has not been affected by the epidemic this year. On the contrary, orders have increased, and the executable orders on hand have been scheduled until July next year.
High-end new fabrics have more market potential
On the other hand, as trends advance with the times, people have a higher definition and pursuit of fashion, so their requirements for clothing are also more fashionable More unique and practical. Designers are beginning to look for unconventional or higher-end fabrics to meet market needs. Therefore, fabric traders are constantly attracting buyers and designers through some new products, thereby getting more orders.
Mr. He, who specializes in foreign trade workwear fabrics, said that the first half of this year was more or less affected by the epidemic and the order volume decreased, so he Energy is focused on developing new fabrics. The raw materials, technology, and finishing used in workwear fabrics are all very special, and the price is naturally high. The final price of the finished fabric is more than tens of dollars. In the first half of the year, 14 of the new fabrics developed by Mr. He were recognized by customers, and one of them has been bought out by a world-famous brand, which has achieved great results.
Both weaving companies and trading companies have already had the awareness to transform into high-end fabrics. Completing this process of transformation is not easy, nor does it happen overnight. But in the future, high-end fabrics dominating the market will inevitably be the main development trend of the domestic textile industry.
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