Japan's low-end textile demand will start soon

A series of disasters caused by the Great East Japan Earthquake caused severe damage to the related industries such as automobile manufacturing and semiconductor chips in Japan, and some production plants were closed. Recently, when the reporter interviewed some domestic textile enterprises that had a foreign trade business with Japan, they learned that the earthquake temporarily did not affect their clothing orders and processing contracts with Japan. Companies will continue to pay close attention to the Japanese disaster situation and future market trends.

Bao Songzheng, head of a home textile company in Jinan, Shandong, told reporters that after the earthquake, he learned from the feedback from the Japanese customers that some home textile product retail stores in the Tokyo and Kanto regions were damaged during the earthquake and caused certain damage to the products produced by the company. loss. The company’s office in Tokyo has already convened an emergency meeting to formulate measures to timely rescue damaged materials. Due to the lack of communication after the earthquake, the specific losses of Japanese customers are still under investigation. It is reported that the company exports about 15 million U.S. dollars to Japan Home Textiles, mainly exporting bedding, towels and bathroom textiles.

The reporter learned from China Textile Group that for the current trading companies that have Japanese export operations and manufacturing companies that have processing businesses, the earthquake temporarily did not affect apparel orders and processing contracts, but it is not excluded in the future. Affected for some time.

A person in charge of the company, who asked not to be named, stated that Japan’s power restrictions will inevitably affect normal industrial production. Some Chinese companies’ Japanese orders require raw materials to be imported from Japan. The current supply of raw materials can still be supported by inventory, but from a long-term perspective. Looking at whether or not supply can be guaranteed on time depends on the degree of recovery of domestic electricity supply in Japan.

Industry insiders speculate that the impact of this earthquake on the consumer market in Japan may be similar to the period of the international financial crisis, that is, low-end consumer demand may start, and it may increase related product orders from Japan.