Excessive inventory in the textile and apparel industry will affect the textile equipment industry in the future?

Under the circumstance that the listed companies in the textile and garment industry have seen high inventories one after another, some companies have begun to vigorously control their inventories. However, there are still some companies that are still facing the problem of destocking. According to the data compiled by the reporter, as of April 5, 2016, the total inventory of 32 listed companies in the textile and garment industry from 2011 to 2015 has increased year by year, with a total of 18.588 billion yuan and 19.349 billion yuan respectively. , 20.259 billion yuan, 21.051 billion yuan and 22.209 billion yuan. If the inventory growth rate from 2011 to 2015 is calculated, the total inventory of 22.209 billion yuan in 2015 increased by 19% from 18.588 billion yuan in 2011. Ninety percent of companies have inventories over 100 million yuan According to statistics from Flush, 28 of the 32 listed companies in the textile and apparel industry have inventories over 100 million yuan, accounting for nearly 90 percent. The increase in export volume is the key to destocking. The reason for the increase in inventory in the textile and garment industry is that the domestic demand market is relatively sluggish, and the most fundamental demand problem has not been solved. In this regard, Zhu Qinghua, a researcher in light industry of CIC Consulting, told reporters:“If the international economy grows slowly or sinks again‘economic quagmire’, the textile and clothing inventory is difficult to return to normal.”Zhu Qinghua believes that my country's textile and garment industry is highly dependent on exports, and the increase in export volume is the key to alleviating the high inventory of textiles and garments. It can be seen from the above data that the textile industry will be a period of destocking in the future. Then the textile equipment industry will develop along with the development of the textile industry, and the dynamics of the textile industry must always be paid attention to. Then the textile industry will inevitably develop in the next few years. With the pressure of high inventory, production will inevitably slow down. During the process of destocking, the demand of the textile equipment industry will inevitably decline, which will lead to a further decline in the textile industry. How should the textile equipment industry face such a situation? Since 2014, the decline of the textile industry has been very obvious, and the accompanying textile equipment industry has experienced a significant decline. Therefore, the textile equipment industry needs to do a good job in this regard, in the face of increasingly fierce competition. , The textile equipment industry is bound to face the situation of reshuffling. Whoever has the last laugh is the winner. Now that the problems in the industry are solved, can the transition go smoothly? Quality and service are the fundamental factors of the industry, while expanding foreign trade exports and expanding the international market. More about Textile Instruments: http://www.standard-groups.com/TextileGarment/
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