Textile industry export "warmer" boost confidence!

The main reasons for the impact on exports in 2022 are three aspects: short-term supply capacity decline, inventory level rise and demand weakening. In 2023, the above factors are likely to improve within 6-12 months, and then the adverse impact on exports will gradually decrease.

Textile and apparel exports are expected to recover weakly in 2023, and the current "recovery" signals are also boosting market confidence.

Dongguan Donghong New Materials Co., Ltd. was founded in 1991, located in Wentang Brick Kiln Industrial Zone, Dongcheng District, Dongguan City, Guangdong Province, is a medium-sized enterprise specializing in the production of all kinds of PP yarn, with more than 800 employees. The company has now owned 16 PP yarn production lines, forming an annual output of 20,000 tons of PP yarn production scale.