Canton Fair: not so Satisfactory

During  the  past  years,  it is  just through  the Canton Fair, China  has been  reputed  as  the World Apparel Processing Factory. However,  after the  busy Canton Fair  this  year,  textile and  apparel  exhibitors  have  suffered unheard-of chill markedly, just like the unexpected  cold winter  in Guangdong Province in early 2008.

Facts
 
The export turnover decreased, and  the  traditional market  still occupies the predominant position. Since  2007,  the  growth  of  textile and  apparel  export  in China  has begun  to  s low  down:  dur ing January  and March  in  2008,  the gross  amount  of  export  of  textile and apparel was USD37.44 billion, increased  by  19.5%  compared with  that  in  the  same  period  of last  year,  and  kept  the  trend  of relatively slow growth.
 
As of April 20, the gross export turnover  of  texti le  and  apparel at  this Canton  Fair  had  reached USD4.99  bi l l ion,  decreased  by 11.4% compared with last Fair, and by  14.5%  compared with  that  in the  same period of  the  fair  in  last year.
 
The  gross  export  turnover at Canton  Fair  decreased,  but  the export  of  textile  and  apparel  in China still keeps an uptrend with a relatively slow growth rate.
 
Although American  subprime lending  crisis  and world  economic cycle  have  exer ted  relatively great  influences  on  developed count r ies  and  regions,  those developed  countries  and  regions remain  the main  exported  textile and  apparel markets  of China.

Comp are d with  last  Canton Fair,  the  export  deal with  EU and America  at  this  Fair  took  a proportion of 37.3% and 14.5% of the  total  respectively,  occupying over  50%  of  the whole  turnover; the  turnover  toward Amer ica, EU,  Japan, Australia  and Russia decreased by 25.5%, 16.4%, 9.3%, 17.2%  and  12.9%  respectively; however,  the  turnover  toward Canada, Middle East  and ASEAN increased  by  3.5%,  13.9%  and 5.8%  respectively.
 
The  decrease in  some main  exported markets has  disclosed  the  informat ion about  the  changing  demands  in global  textile and apparel markets.

However,  the  expanding  scales  of some  newly-emerged  exported markets is worthy of our attention. For  example,  the  turnover  toward Latin American area has  increased by 24.8%. The  export  turnover  of  apparel occupies  a  dominant  part  among other  products,  accounting  for 49.2%  of  the  total ;  and  that  of text i le  yarn,  fabric  and  goods occupies  42.8%. Of  them,  the gross  turnover  of  apparel  reached USD2.45 billion, and  that of  textile yarn,  fabric  and  goods  arrived  at USD2.14  billion,  decreased  by 8.2%  and  19.3%  respectively compared with  that  of  the  last Canton Fair.
 
In  terms  of   appar l ,   EU, America,  Japan, Middle  East and Hong Kong  ranked  the  top five  places  of  deals with  a gross turnover  of  USD1.25  billion, USD0.45  billion, USD0.16  billion, USD0.14 billion and USD0.1 billion, respectively.

In  terms  of  other textile products, such as the yarns, weaving  and  so  on, EU, Middle East, America,  Japan  and Hong Kong  ranked  the  top  five  places among  others, with  a  turnover  of USD0.6  billion, USD0.36  billion, USD0.27  billion, USD0.11  billion, and USD0.1 billion respectively.
 
The  export  turnover  of  private enterprises  has  exceeded  that  of state-owned  enterprises,  reaching a  proportion  of 37.7%  of  the whole; while  the  proportion  of state-owned enterprises taken has decreased  to  27.3%. However, these two kinds of enterprises are still  the main  force  of  export  of textile and apparel in China.

The  export  turnover  of  private enterprises  has  exceeded  that  of state-owned  enterprises  for  the first time, which reached USD1.88 billion,  occupying  37.7%  of  the total;  the export  turnover of state- owned  enterprises was USD1.36 billion,  leading  to  the  proportion decreased to 27.3%.

Meanwhile,  the  turnover  of foreign  invested  enterpr ises, collective  enterprises,  and  other enterprises  has  reached USD0.85 billion,  USD0.14  billion,  and USD0.76  billion,  occupying  17%, 2.8% and 15.3% respectively.

In  terms  of   the  mode  of enterprise,  the  turnover  of  foreign trade  enterprises,  product ion enterprises,  and  industrial  trade enterprises  reached USD2.48 billion , USD1 . 9  billion ,   and USD0.57 billion, occupying 49.7%, 38% and 11.5% respectively.

What's more,  the  existing uncertain  factrs  of   global economy  and  the weak market demands  became  the  main infuential factors to the decreasing number  of  visitors  during  this Canton Fair.

Since  2008,  as  the  sub-prime lending  crisis  in  Amer ica  has gradually  spread  to Europe  and Japan,  and  some other developed countries,  the world  economic growth  has  slowed  down,  leading to  a weakening  demand  in international market,  especially  in some African  countries. During this  Canton  Fai r,  not  only  the number of merchants from Europe and  America  has witnessed  a decrease,  the visitors  from African countries descended obviously.