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Yarn Expo returns to Beijing National Agricultural Exhibition Centre
Following its successful launch in March 2004, Yarn Expo will be held again
next spring at the National Agricultural Exhibition Centre in Beijing from March
29-31, 2005. The debut event was well received by both exhibitors and visitors,
including a large contingent of overseas exhibitors keen to test the marketability
of their products in China, one of the world’s biggest importers of fibres,
yarns and fabrics.
The success of Yarn Expo is largely due to China’s huge appetite for fibres,
yarns and fabrics for both export and domestic use. China’s textile sector
achieved over USD38 million in gross industrial production in the first three
months of this year, up 24 per cent from the same quarter in 2003. Exports of
garments and apparel rose 24 per cent year-on-year for the first quarter to
a value over US$12 billion. This number is predicted to rise further with the
abolition of textile quotas by the World Trade Organisation in January 2005.
Domestically, the consumption of textiles is booming. With an economy remaining
at a very healthy level - international economists expect the second quarter
GDP figures to at least match the first quarter’s of almost 10 per cent
growth - the general living standard of the people continued to rise. In 2003
the per-capita disposable income increased, in real terms, of nine percent over
the previous year after deduction for inflation. As disposable incomes increase,
the Chinese are spending a larger portion of their money on clothing. A total
of US$114 was spent between April and July 2004.
With such a massive volume of textile and garment production to satisfy, both
for export and domestic markets, the demand for imported textile material surpasses
by far the domestic supply. For that reason, Chinese manufacturers are looking
for abroad for quality textile products. Synthetic fibre yarns are in the top
fifty import commodities to the country, in 2003 China imported 710,000 tons
of cotton yarn and almost all luxury yarns and fibres are imported. Yarn Expo
2005 provides an opportunity for international fibre and yarn manufacturers
from around the world to exhibit their latest fibres and yarn collections and
to meet Chinese professionals with more than 7,500 trade visitors expected in
2005. The show caters to the entire fibre and yarn industry including yarns
for apparel textiles, home textiles, upholstery and interiors textiles.
In 2004, the show attracted 128 exhibitors, including overseas
companies from Belgium, France, India, Italy, Korea, Pakistan, Singapore, Switzerland,
the UK, the USA, and 7,525 trade buyers from 31 countries and regions. Yarn
Expo is scheduled shortly before Intertextile Beijing, the leading international
trade fair for apparel fabrics and accessories in China’s north and north-east.
Intertextile Beijing will be held at the Beijing Exhibition Centre from March
30 - April 1, 2005. Also, running concurrently are China International Clothing
and Accessories Fair (CHIC) and the China Knitting Fair. These four shows held
at the same period of time, make it easier for apparel manufacturers and other
industry experts from China and overseas to visit all fairs. Yarn Expo is organised
by Messe Frankfurt (HK) and the Sub-Council of Textile Industry - CCPIT. The
China Cotton Textile Association, China Wool Textile Association, China Chemical
Fiber Association, China Bast & Leaf Fibers Textiles Association and the
China Textile Information Centre and supported by the Texprocil of India.
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