The competitive advantage of Bangladesh lies in the fact that the United States and the European Union have provided preferential import conditions and low-priced clothing exports.
In June this year, Bangladesh Garment Manufacturers and Exporters Association, Bangladesh Knitted Apparel Manufacturers and Exporters Association and Bangladesh Textile Mills Association held a joint reception at the author's reception: China, India, Pakistan and other three countries have reduced prices. The strategy has pulled back one city, so Bangladesh's export orders in the coming year have been gradually reduced. The three major chambers of commerce also stated that the Bangladesh government should also implement relevant economic stimulus plans, such as 15% cash incentives and tax exemptions, to increase the competitiveness of the country's garment industry.
From this perspective, a new round of price war is inevitable.
China’s advantage is difficult to replace Qian Jingfang, director of the Department of Textile Economics and Trade at Donghua University. Compared with other Southeast Asian countries, the competitive advantage of Chinese textile companies lies in the relatively high quality of China’s labor force, skilled workers, and stable domestic political environment. Perfect chain, rich management experience.
At the same time, Southeast Asian countries such as Indonesia and Vietnam have a small export output and have not yet reached a scale.
Guo Yan, a professor at the Beijing Institute of Fashion, said that although Southeast Asian textile exports have grown faster than China, they have been smaller in size. “Equivalent to the comparison between a child and an adult, it cannot be compared with the total amount of Chinese exports.†She gave the author an example. For example, in the U.S. market, Chinese textile exports account for approximately 20% to 30%, while the market share of other Southeast Asian countries is less than 10%. At present, only some orders have been transferred.
Although the export growth rate of China's textile enterprises has declined, it is the price reduction. The shift to Southeast Asian countries is low-end products, and mid-range products remain in the country.
According to research conducted by Guo Yan in Vietnam, she found that Vietnam purchased its own low-end products from China and then used their own “low-end†products to export to the United States.
She provided the author with such a set of data: Although Bangladesh, Vietnam, and Indonesia, the export volume of apparel textiles is ranked top in the US market, they do not have a dominant price. In 2010, Chinese textiles exported over US$20 billion to the United States, Vietnam was US$5.8 billion, Indonesia’s US$4.4 billion, Bangladesh’s more than US$3.9 billion and Cambodia’s US$3.2 billion.
In addition, Southeast Asian countries are more emphasis on processing and production of textiles and clothing, fabrics, yarn and other raw materials rely on imports from China.
Moreover, a common disadvantage of countries such as Southeast Asia is that the quality of the workforce is relatively low, and skills are not as good as those of the Chinese labor force.
Experts interviewed by this reporter all stated that China's textile industry should occupy a high-end market, adjust its structure, realize product technological innovation, and do a good job of brand promotion.
In June this year, Bangladesh Garment Manufacturers and Exporters Association, Bangladesh Knitted Apparel Manufacturers and Exporters Association and Bangladesh Textile Mills Association held a joint reception at the author's reception: China, India, Pakistan and other three countries have reduced prices. The strategy has pulled back one city, so Bangladesh's export orders in the coming year have been gradually reduced. The three major chambers of commerce also stated that the Bangladesh government should also implement relevant economic stimulus plans, such as 15% cash incentives and tax exemptions, to increase the competitiveness of the country's garment industry.
From this perspective, a new round of price war is inevitable.
China’s advantage is difficult to replace Qian Jingfang, director of the Department of Textile Economics and Trade at Donghua University. Compared with other Southeast Asian countries, the competitive advantage of Chinese textile companies lies in the relatively high quality of China’s labor force, skilled workers, and stable domestic political environment. Perfect chain, rich management experience.
At the same time, Southeast Asian countries such as Indonesia and Vietnam have a small export output and have not yet reached a scale.
Guo Yan, a professor at the Beijing Institute of Fashion, said that although Southeast Asian textile exports have grown faster than China, they have been smaller in size. “Equivalent to the comparison between a child and an adult, it cannot be compared with the total amount of Chinese exports.†She gave the author an example. For example, in the U.S. market, Chinese textile exports account for approximately 20% to 30%, while the market share of other Southeast Asian countries is less than 10%. At present, only some orders have been transferred.
Although the export growth rate of China's textile enterprises has declined, it is the price reduction. The shift to Southeast Asian countries is low-end products, and mid-range products remain in the country.
According to research conducted by Guo Yan in Vietnam, she found that Vietnam purchased its own low-end products from China and then used their own “low-end†products to export to the United States.
She provided the author with such a set of data: Although Bangladesh, Vietnam, and Indonesia, the export volume of apparel textiles is ranked top in the US market, they do not have a dominant price. In 2010, Chinese textiles exported over US$20 billion to the United States, Vietnam was US$5.8 billion, Indonesia’s US$4.4 billion, Bangladesh’s more than US$3.9 billion and Cambodia’s US$3.2 billion.
In addition, Southeast Asian countries are more emphasis on processing and production of textiles and clothing, fabrics, yarn and other raw materials rely on imports from China.
Moreover, a common disadvantage of countries such as Southeast Asia is that the quality of the workforce is relatively low, and skills are not as good as those of the Chinese labor force.
Experts interviewed by this reporter all stated that China's textile industry should occupy a high-end market, adjust its structure, realize product technological innovation, and do a good job of brand promotion.
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