JAPANESE TEXTILE AND APPAREL IMPORTS DROPPED BY 2%
According to the latest data by CCF Group Tracker, Japanese textile and apparel imports in March declined by 2 per cent year-on-year in March to 216,500 tonne. Of these, imports from China declined by 4 per cent to 105,300 tonne. In the first quarter, Japanese textile and apparel imports totaled 605,000 tonne, down by 7.5 per cent year-on-year; the volume from China totaled 286,000 tonne, declining by 13.1 per cent year-on-year.
Japanese textile and apparel import demand weakened sharply in the first quarter of 2020, and the decline in the volume from China was larger than the total. Global textile and apparel industry has been greatly impacted hit by the accelerating outbreak. While the pandemic in China has been controlled and mills gradually returned to work, the global consumption and trade suffered comparatively in the epidemic spread outside China.
From the perspective of share, the proportion of China in Japanese textile and apparel import market has gradually declined in recent years, with the proportion of quantity falling to 47.2 per cent.The market shares of Vietnam, Indonesia, Thailand and Bangladesh have gradually increased, especially in Southeast Asia.