The development prospects of the knitting industry in the next ten years
Time:
2022-04-27 08:25
Source:
In the next ten years, China's textile and garment industry has a bright future
However, most clothing companies export mainly OEM, domestic sales have not yet formed a "brand premium", and the barriers to entry in the industry are low, and price competition has become the main means. Therefore, the main business expansion of clothing companies is restricted; fabric companies are in the middle of the industry chain. , the rapid development of the garment industry has a strong demand for fabrics. At present, nearly 50% of the fabrics in the exported garments still need to be imported. The state also regards "domestic fabrics replacing imports" as one of the important industrial policies. The fabric industry mainly relies on equipment and technology competition, with high industry barriers and weak sales constraints. It is easy for companies to increase their performance by expanding production. Therefore, in the textile sector, fabric companies and fabric-clothing upstream and downstream supporting companies have good prospects.
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