Industrial Textiles Export Summary in the First Half of 2010 - 4

Export situation
From the point of view of export value, industrial textiles are exported to Asia at most, with an export value of 1.498 billion U.S. dollars, accounting for 59.8% of the total export value. It is the most important market for industrial textiles. Followed by Europe, the export value reached 412 million U.S. dollars, accounting for 14.91% of the total export value.

From the perspective of year-on-year growth, North America was the continent with the fastest growth in the export value of industrial textiles from January to June 2010, which represented a year-on-year increase of 101.60%. This shows that in order to fight the financial crisis, the U.S. government has relied on expanding deficits. The method of pulling the economy has a more obvious effect. In Europe and South America, there has also been a large increase, which is over 40%. The slowest growth was in Oceania, with only 18.25%.

From the perspective of added value of export value, Asia is still the region with the largest increase in export value, reaching 477 million U.S. dollars, accounting for 53.35% of the total value added, followed by Europe, reaching 157 million U.S. dollars, accounting for 17.63% of the total value added.

 

Table 14 : Export of industrial textiles to all continents                                    (Billion dollars ten thousand percent)

 

2010.1-6

2009.1-6

Year-on-year

Amount increase

Asia

14.98

10.21

46.69

4.77

Africa

1.55

1.08

44.12

0.47

Europe

4.12

2.55

61.87

1.57

South America

2.63

1.78

47.40

0.84

North America

2.44

1.21

101.60

1.23

Oceania

0.30

0.25

18.25

0.05

 

Table 15 : Top 10 Countries and Regions in Export Value of Industrial Textiles                     (million dollars, % )

Country

2010.1-4

2009.1-4

Year-on-year

Amount increase

India

28943.45

22710.27

27.45

6233.18

United States

20634.77

10472.88

97.03

10161.89

Hong Kong

19423.09

17258.44

12.54

2164.65

Vietnam

15916.79

5887.10

170.37

10029.68

Mexico

9039.13

6900.26

31.00

2138.86

Indonesia

9019.97

7353.56

22.66

1666.40

Korea

8076.33

5670.53

42.43

2405.80

Malaysia

7048.27

4435.55

58.90

2612.72

Brazil

7009.24

3853.76

81.88

3155.48

Germany

6842.27

3918.30

74.62

2923.97

From January to June 2010, the top four countries in the export of industrial textiles were India, the United States, Hong Kong, and Vietnam. Exports to all 10 countries and regions have achieved positive growth, with the largest increase in the value of the United States, reaching US$101.6189 million. The largest increase was in Vietnam, with a positive growth of 170.37%. At the same time, the amount of value increase was as high as 10,0028,800 US dollars, second only to the United States.

Overall, from January to June 2010, the export of industrial textiles enjoyed a good momentum of growth. The main reason was that the two largest varieties accounted for the largest proportion. The export of light box cloth and geogrid kept a good momentum, and the price and price coordination was better. The strong demand for these two varieties in the international market may continue for some time.

Exports of canopies, belts, and fiberglass cloths are also growing faster, but the worry is that export prices have continued to fall. Once the company’s profits are squeezed into opportunity costs, companies will voluntarily reduce the export of these varieties. Judging from the policy orientation, the government has been guiding enterprises to diversify their exports and cannot rely too much on European and American markets. From the perspective of export regions, the demand for industrial textiles in many small and medium-sized countries in Asia and South America has also grown rapidly. Enterprises need to pay more attention to market segments and reduce dependence on a single market.