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According to the latest data from the Canton Fair, the Textile and Garment Museum recorded a cumulative turnover of $4.56 billion over the past three days. This represents a 2.6% decline compared to the 107th session but shows a significant 7.9% increase from the 106th session. The performance highlights a mixed trend in the textile sector, with some areas showing strong growth while others faced challenges.
The sales of textile yarns, fabrics, and raw materials reached $300 million, marking a 13.5% drop from the 107th session but a 5.1% rise compared to the 106th session. These accounted for 13.1% of the total turnover. Meanwhile, home textiles and apparel accessories generated $890 million, making up 39.3% of the total. Compared to the 107th session, this segment saw a 1% increase, while it rose by an impressive 26.4% from the 106th session.
On the other hand, clothing and accessories sales totaled $1 billion, representing 47.6% of the overall turnover. However, this was 8.5% lower than the 107th session and 6.4% less than the 106th session, indicating a slight downturn in this key category.
It’s worth noting that the final results are still being tallied, and the full impact of this session is yet to be fully understood. One major challenge facing exporters at this year's Canton Fair has been the sharp rise in domestic raw material prices. This surge has put pressure on export companies, leading to a difficult operating environment and reduced profit margins.
Overall, while certain segments of the textile industry performed well, the broader market remains under pressure due to rising costs and shifting demand patterns. Exporters are now closely monitoring the situation as they look to adapt to these new economic realities.