Recently, it was suddenly reported that due to the second wave of the epidemic in Europe, many regions have announced the cancellation of Christmas markets in consideration of safety and epidemic prevention issues! Cities such as Nuremberg, Frankfurt, and Erfurt in Germany, Strasbourg in France, and Prague in the Czech Republic have been clearly cancelled.
This sudden news has suddenly cast a shadow over the textile market, which has been improving slightly recently! The epidemic in Europe and the United States got out of control at the beginning of the year, and the impact of widespread cancellation of textile orders has not yet completely dissipated. Many textile companies still have inventory backlogs in warehouses, or have not yet been able to fully recover their payments. At this time, there was a second outbreak of the epidemic in Europe, and pessimism inevitably began to spread in the market. There were strong concerns about whether the orders received would be canceled again, and whether it would be difficult to pay for the orders shipped.
According to an employee of the four-sided elastic dyeing factory, their factory has had a lot of orders in the recent period, and the orders are all from some big customers, and the order quantity is often ten. Tens of thousands or hundreds of thousands of meters. The factory is already too busy making these orders, and some small and bulk orders are no longer accepted. However, many major customers in the factory have recently stopped placing orders. There are many gray fabrics piled everywhere in the factory, but many of them cannot be produced.
This situation occurs mainly because these large customers are customers of finished fabrics. In the first half of the year, the global epidemic was raging, and they did not dare to stock up. However, their own inventories have been exhausted in recent months. At the same time, the news that the domestic epidemic was under control gave them the courage to stock up again. So as the end of the year approaches, they are starting to stock up on large quantities of goods. However, the news of the European epidemic and the cancellation of the Christmas season has made them lack confidence again. Stopping production and waiting and watching may be the best choice now, but in fact the cancellation of the Christmas season may have little to do with the vast majority of textile companies!
The Christmas product preparation season is coming to an end
First of all, we need to understand what products Europe and the United States will buy during the Christmas season. Generally, European and American families mainly decorate Christmas trees, Christmas windows, Christmas rings and other holiday items in their rooms. How many of these products are related to our textiles? There is definitely some, but the proportion will definitely not be large.
Secondly, the preparation time for the Christmas season is actually drawing to a close. Textile products for the Christmas season are generally produced at various fabric production bases at least three months in advance. It is already November, less than two months before the Christmas holidays in Europe and the United States. By this time, the products prepared for the Christmas season should have been completed or on their way to Europe and the United States.
At the same time, the cancellation of Christmas markets in some European countries does not mean that Christmas shopping is completely cut off. Some daily necessities, especially rigid needs such as clothing, will definitely be relatively little affected.
Therefore, the cancellation of the Christmas markets in some European countries and regions will not actually have much impact on the vast majority of textile companies in the market during the Christmas season, but it will have a great impact on the overall textile confidence in the market outlook. A heavy blow.
Next year’s spring and summer fabric production may be affected
Everyone who knows the dyeing factory knows that At present, winter clothing fabrics are no longer playing the leading role in dyeing factories of various sizes. Various high-elastic pongee, four-way stretch, and imitation silk have begun to appear one after another. The time has come for the production of spring and summer fabrics in the market. After all, the textile industry will be shut down in the first half of the month, and spring and summer clothing will be on the market after the Spring Festival. There are only three months left for the production of spring and summer clothing next year.
According to an elastic fabric manufacturer and trader, they have recently produced more than 300,000 meters of four-way elastic fabric, which will be used to make pants for next spring. After the fabrics are made, they need to be exported to India, and then Indian garment factories will make pants for export to Europe. The recent outbreak of a second epidemic in Europe has made them somewhat worried that their orders will be reduced or cancelled.
The outbreak of the epidemic in Europe will make many upstream garment companies lack confidence in the future market performance. After all, the 2020 spring clothing inventory has not been completely exhausted, and few clothing companies may be able to sustain the inventory backlog again. It is also reasonable to prudently reduce and cancel orders.
The actual impact of the epidemic in some European countries on the clothing market is not that important. As long as clothing companies feel that the risks are too great, it may lead to a lack of orders for the entire textile industry chain. Moreover, it is still the development season for autumn and winter fabrics next year, and the current pessimistic attitude will also affect the future autumn and winter fabric market.
The current outbreak of the epidemic in Europe will inevitably have an impact on the textile market , but how big can the impact be? We don’t need to be overly pessimistic, after all, the epidemic has not eased in most countries in Europe and the United States. However, in a short period of time, there will definitely be a blow to the spring and summer fabrics currently being produced, but the market demand for clothing will definitely come back. However, due to the Spring Festival, the production time of spring and summer clothing will definitely be greatly reduced. Maybe this yearThe period before the holidays is another busy time!
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