In April, with the rapid implementation of macroeconomic policies, the economic operation of China's garment industry continued to pick up and improve, although the domestic market was affected by the wrong month of the holiday, the high base of the same period last year and other factors, there were small fluctuations, but the export demand in the international market picked up, overseas importers gradually entered the replenishment cycle and other favorable factors led by the decline narrowed significantly from the previous month. Production continued to improve, investment growth accelerated, and corporate profitability improved. At the same time, we should also see that the current development environment of the industry is still complicated, geopolitical tensions are pushing up trade risks, and domestic and foreign market demand is still insufficient. Enterprises in the garment industry should adhere to innovation-driven and digital transformation, stimulate the growth vitality of new drivers with new formats and new models, and ensure the stable and healthy operation of the industry economy.
Give birth to
According to the data of the National Bureau of Statistics, from January to April 2024, the industrial added value of enterprises above designated size in China's garment industry decreased by 0.4% year-on-year, which was 0.1 percentage points narrower than that in January to March. Enterprises above designated size completed 6.4 billion pieces of clothing production, an increase of 1.82%, the growth rate slowed down 0.07 percentage points from January to March.
Domestic sales
According to the data of the National Bureau of Statistics, from January to April 2024, the total retail sales of consumer goods in China reached 15,602.58 billion yuan, an increase of 4.1% year-on-year, and a growth rate of 0.6 percentage points slower than that of January to March. Among them, the retail sales of apparel commodities of units above designated size totaled 346.87 billion yuan, an increase of 1.0%, and the growth rate slowed down by 1.2 percentage points compared with that of January-March. Among them, the retail sales of clothing goods above the quota in April fell by 3.0% year-on-year.
According to the National Bureau of Statistics, in the first four months of 2024, online retail sales of physical goods were 3735.57 billion yuan, an increase of 11.1% year-on-year. Among them, the online retail sales of clothing products increased by 10.5% year-on-year, the growth rate slowed down by 1.6 percentage points from January to March.
exit
According to China Customs data, from January to April 2024, China's cumulative export of clothing and clothing accessories was 45.56 billion US dollars, the export amount was the same as the same period in 2023, and the growth rate was 1.4 percentage points lower than that in January to March. In April, garment exports amounted to 11.74 billion US dollars, down 3.9% year-on-year and 13.7 percentage points narrower than in March.
invest
According to the data of the National Bureau of Statistics, from January to April 2024, the actual completed investment in China's garment industry increased by 17.9% year-on-year, and the growth rate was 0.4 percentage points faster than that of January to March.
benefit
According to the data of the National Bureau of Statistics, from January to April 2024, there were 13,626 enterprises above designated size (annual main business income of 20 million yuan or more) in China's garment industry, and their operating income was 365.015 billion yuan, an increase of 0.37%, and the growth rate was 1 percentage point slower than that of January to March. The total profit was 13.836 billion yuan, an increase of 7.33% year-on-year, and the growth rate was 1.64 percentage points higher than that in January-March; The operating income margin was 3.79%, 0.19 percentage points higher than the same period in 2023 and 0.26 percentage points higher than the January-March period.
Source: National Bureau of Statistics, China Customs
(Information source: China National Garment Association)