Development Prospects of Textile Industry in the Next Ten Years

2023-12-08 10:58

However, most garment enterprises mainly export by OEM, and domestic sales have not yet formed a "brand premium", and the industry entry barriers are low, and price competition has become the main means. Therefore, the expansion of the main business of garment companies is restricted; fabric companies are in the middle of the industrial chain. The rapid development of the garment industry has a strong demand for fabrics. At present, nearly 50% of the fabrics in export garments still need to be imported, the state also takes "domestic fabrics instead of imports" as one of the important industrial policies. The fabric industry mainly relies on equipment technology competition, industry barriers are high, sales constraints are weak, enterprises are easy to expand production to improve performance. Therefore, the textile plate in the fabric class companies and fabrics-clothing upstream and downstream supporting companies promising prospects.

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