In the first half of this year, various signs indicate that global manufacturing factory orders are moving to Vietnam, but just now, the order shortage is spreading to Vietnam. The “hot” phenomenon of Vietnamese factory orders in the first quarter of this year is undergoing a major reversal.
Vietnam enters development bottleneck period
The added value of Vietnamese goods is not large, and nearly 80% of the raw materials for light industrial products are purchased from foreign markets, making it highly dependent on foreign economies. However, the economic slowdown of Vietnam’s major trading partners is more severe than expected. According to statistics from the General Bureau of Statistics of Vietnam, Vietnam’s total import and export of goods in the first quarter of 2022 was US$176.35 billion, a year-on-year increase of 14.4%. Among them, exports were US$88.58 billion, a year-on-year increase of 12.9%; imports were US$87.77 billion, a year-on-year increase of 15.9%. The trade surplus was US$809 million.
It is not difficult to see from Vietnam’s import and export volume that although Vietnam has increased in exports, the increase in import volume and export volume is not much different, and the total amount is even more similar. At the same time, intensified geoeconomic risks have also increased uncertainty and affected Vietnam’s economy. And tracing back to the long-term low-end manufacturing industry in Vietnam, it is also falling into a development bottleneck.
Gold Nine and Silver Ten lead to market recovery
Contrary to the order shortage in Vietnam, the domestic textile market is now slowly beginning to look like a peak season. Many companies have reported that orders have begun to move. The most direct manifestation is the linear increase in the start-up rate. According to data from Silkdu.com According to monitoring, the weaving operating rate in Jiangsu and Zhejiang is currently 64.2%, an increase of 3.8% from mid-August, and it is expected that the operating rate data will continue to rise significantly this week.
While the operating rate has increased, many orders have also come in one after another. A boss who specializes in high-elasticity said: “Now the orders are 20-30% more than before, and 1 million meters of inventory have been prepared so that customers can order them when they come.” Get the cloth.” The increase in orders and the increase in operating rates have also increased the number of weaving companies, and the enthusiasm for purchasing raw materials has increased. Polyester factories have experienced high production and sales one after another, boosting market confidence.
So what fabrics will sell well in this year’s peak season?
Product transformation and upgrade in progress
After visiting many companies, the editor summarized one point: high value-added products or specialty and professional products. A boss who specializes in special jacquards said: “Not only did prices not fall this year, they actually increased by 2-3 cents compared to the same time in previous years.” Another boss who specializes in high-elasticity also said: “In addition to becoming Another way for leading companies is to be small and precise, focus on doing one thing well, and make their products better and better than others.”
This is completely different from Vietnam, which is at the low-end manufacturing level mentioned above. With the continuous emergence of new products, the domestic textile industry will be more vibrant. Although involution is cruel, but within At the same time, it also promotes the domestic textile industry to move forward. Once upon a time, domestic textile manufacturing only had low-end products, but now, looking around, new products and new fabrics are emerging one after another. Without the fabrics, they can only have low added value. Product label.
Generally speaking, this year’s downturn has made the domestic textile industry become more and more popular, and at the same time it has also reshuffled the textile industry in a down-to-earth way, with mass fabric roll prices and new product roll technologies. Therefore, regardless of the international trade situation No matter what, my country’s textile companies need to transform and upgrade, improve their products and improve their competitiveness in order to achieve better long-term development.
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