The textile industry in neighboring countries like Vietnam is experiencing rapid growth. However, due to an incomplete supply chain, these nations are unable to produce sufficient fabrics domestically, leading to a high demand for chemical fibers and other textile materials. At the second session of the China Special Fabric Summit held last week, Yang Jichao, Secretary General of the China National Textile and Apparel Association, highlighted this issue.
In the past, clothing and fabric exports were mainly focused on traditional markets such as the United States, Japan, and the European Union. However, with the financial crisis primarily affecting these developed economies, many textile companies have shifted their focus toward emerging markets to diversify their export destinations. Countries like Vietnam and Cambodia are seeing a surge in garment production and exports. Despite this growth, their textile industry chains remain underdeveloped, resulting in a much higher import growth rate for fabrics compared to finished garments.
For instance, over 90% of Vietnam’s textile fabrics and accessories are imported. As orders increase, the country is actively seeking high-quality foreign fabrics and garment components. From January to September this year, Vietnam exported more than $8 billion worth of garments, while importing over $3.6 billion in fabrics. China remains Vietnam's top source for fabric imports.
With the official launch of the ASEAN-China Free Trade Area this year, demand for textile products in Southeast Asia has risen significantly. Additionally, rising raw material costs have led to higher export prices. According to customs data, from January to September this year, China’s chemical fiber industry exported $4.91 billion worth of products, marking a 32.4% increase compared to the previous year. This trend reflects the growing importance of China as a supplier in the region’s textile sector.
Shaoxing Haisa Textile And Garment Co.,Ltd , https://www.haisafashion.com