Dongguan Helian mould Co., Ltd.

If the start of 2020 is so depressed, then the beginning of 2021 is so exciting. GDP fell by 6.8% in the first quarter of 2020 and grew by 18.3% in the first quarter of 2021. After one year, there can be such a big bipolar reversal. On the one hand, due to the good results achieved in the fight against the epidemic, the market confidence continues to be consolidated and the market confidence is greatly restored; Secondly, the policy transmission effect appears rapidly, and the economy has a virtuous circle of interaction. In the first quarter of this year, with the policy call of "local Chinese New Year" and the two-way development of consumption and production, China's economy ushered in an unprecedented start. Although the global epidemic has not completely subsided, the panic and confidence blow caused by the epidemic are gradually weakening, consumption is picking up, the global economy and trade are accelerating the recovery, and the sharp growth of export trade has even led to a serious shortage of global containers. Stimulated by the superposition of multiple macro positive factors, in the first quarter, the production of enterprises in the zipper industry was generally good, the domestic and foreign sales orders were sufficient, and most enterprises maintained full production. With the release of China zipper import and export report in the first quarter, we can have a more intuitive understanding of the operation of the industry.

According to customs statistics, in the first quarter of 2021, the total import and export volume of zippers in China was 344 million US dollars, an increase of 20.72% over the same period last year. Among them, the import amount was US $42 million, a year-on-year decrease of 7.48%, and the export amount was US $302 million, a year-on-year increase of 26.03%, an increase of 12.76% compared with the same period in 2019. In the first quarter, the trade surplus of zipper import and export further expanded to 261 million US dollars, a new high in recent years. From the data, China's total zipper exports hit another record high, which proves that the compensatory consumption of late in the global textile and clothing market is gradually revealed.

Last year, the global trade and demand shrank due to the impact of the COVID-19. The import and export of zippers fell sharply in the first half of the year, and began to recover slowly in the second half of the year. With the advent of spring in the northern hemisphere, the recovery of the global textile and clothing market accelerated, and the demand was strong, driving the steady increase of zipper consumption.

In terms of months, in January, the import of zippers was US $10 million and the export of zippers was US $128 million; In February, the import of zippers was 11 million US dollars and the export of zippers was 86 million US dollars. In March, the import of zippers was 21 million US dollars and the export of zippers was 86 million US dollars; From January to February, the import of zippers was US $21 million, a year-on-year decrease of 15.93%, and the export of zippers was US $214 million, a year-on-year increase of 39.34%; In March, the import of zippers was US $21 million, a year-on-year increase of 3.08%, and the export of zippers was US $88 million, a year-on-year increase of 2.31%.

January March

Year on year

month

USD100mn

3.7% (compared with 2019)

month

USD100mn

70.6% (compared with 2019)

month

USD100mn

39.34%

month

USD100mn

2.31%

By product type: the export amount of metal zippers was 48 million US dollars, a year-on-year increase of 15.84%, and the export volume was 101 million meters, a year-on-year increase of 1.06%; The export value of nylon, injection molding and other zippers was 179 million US dollars, a year-on-year increase of 10.18%, and the export volume was 1.354 billion meters, a year-on-year increase of 30.42%; The export amount of zipper parts was 76 million US dollars, a year-on-year increase of 20.4%, and the export volume was 11828 tons, a year-on-year increase of 10.29%. All three types of zipper products have been corrected, and the growth of export volume and export volume have reached a record high.

Export prices have picked up

In the first quarter, the average export unit price of metal zippers was US $0.47/m, a year-on-year increase of 14.62%; The average export unit price of nylon and injection molded zippers was US $0.13/m, a year-on-year increase of 0.99%; The average export unit price of zipper parts was US $6.4/kg, a year-on-year increase of 9.16%. According to historical data, in recent years, the price of metal zippers has been in the downward stage. The counter trend rise of metal zippers and related parts is driven by several factors: on the one hand, the price of global non-ferrous metals soared wildly in the first quarter, and the rapid rise of zipper related raw materials such as copper, aluminum and zinc indirectly pushed up the price of finished products; On the other hand, the rapid recovery of the global textile and clothing market and the centralized release of demand have led to the emergence of demand exceeding supply in the market, and China's zippers have more active bargaining power. In addition, the over issuance of global currencies has triggered global inflation, and asset prices have generally risen.

Zipper imports continued to decline

In recent years, the import volume of zippers has been declining, the imported zippers show a high-end trend, and the middle and low-end zippers are hardly imported. In the first quarter, the import amount of China's metal zippers was US $02 million, a year-on-year decrease of 18.63%, and the export volume was 02 million meters, a year-on-year decrease of 20.5%. In recent years, the export of metal zippers continued to decline, with an average annual decrease of more than 20%. The import amount of nylon and injection molded zippers was US $20 million, a year-on-year decrease of 2.77%, and the import volume was 19 million meters, a year-on-year decrease of 19.08%, the same as last year; The import amount of zipper parts was US $20 million, a year-on-year decrease of 10.39%, and the import volume was 1265 tons, a year-on-year increase of 0.47%. In terms of import price, in the first quarter of this year, the import unit price of metal zippers was US $1.22/m, with a year-on-year increase of 2.36%, and the import unit price was 2.6 times the export unit price, narrowing the gap compared with previous years. The import unit price of nylon and injection molded zippers is US $1.04/m, with a rapid growth rate of 20.16% over the same period last year. Its price is 7.9 times the export unit price of domestic zippers, and the gap continues to widen. The import unit price of zipper parts was US $15.9/kg, a year-on-year decrease of 10.81%, the first decline in recent years. In general, the import volume of finished zippers has shown an obvious downward trend year after year. On the one hand, China's zipper supply chain has been continuously improved, on the other hand, the substitutability of domestic zippers has been continuously enhanced, and continuous progress has been made in terms of quality and brand effect.

Guangdong has become the largest export producing area of zippers

From the main zipper producing areas, from January to March, the export of zippers in Zhejiang was US $70 million, a year-on-year decrease of 10.63%; Guangdong's zipper export was 82 million US dollars, a year-on-year increase of 19.6%; Jiangsu zipper export reached 27 million US dollars, with a year-on-year increase of 25.83%; Fujian zipper export reached US $25 million, with a year-on-year increase of 18.99%; Shanghai zipper export reached US $20 million, a year-on-year increase of 7.53%. On the whole, China's zipper exports are still in the top five production areas, accounting for 74.16% of China's zipper exports, a significant decline compared with 92% last year. The number of production units in China's inland provinces will not be changed for a long time. However, with the improvement of the number of supporting facilities in China's inland provinces, it will be better to keep the same in terms of the number of production units. With the maturity of zipper production, it will be better for China's inland provinces to improve the supporting facilities for a long time.

However, some subtle changes have taken place in the export pattern in the first quarter of this year. The export of Zhejiang, the largest zipper export province, has continued to decline in recent years, which has been surpassed by Guangdong, which has become the largest zipper export production area in China.

In terms of the types of products exported, all provinces mainly export zippers such as nylon injection molding, and metal zippers

The proportion is relatively low. There are more zipper parts exports in Zhejiang and Guangdong, which is mainly due to the rising export of code zippers.

Vietnam becomes the largest export market of zippers in China

Total exports

The People's Republic of Bangladesh

USD100mn

49.52%

0.19 Cambodia

USD100mn

31.90%

0.35 India

USD100mn

7.55%

0.11 Pakistan

USD100mn

22.49%

0.11 Vietnam

USD100mn

40.67%

0.05 other regions

USD100mn

In the first quarter, the main export countries and regions of China's zippers were (top 10) Vietnam, Hong Kong, Bangladesh, Myanmar, Cambodia, India, Turkey, Indonesia, Pakistan and Mexico. The corresponding export amounts were US $44 million, US $35 million, US $26 million, US $19 million, US $16 million, US $12 million, US $11 million, US $11 million, US $07 million and US $05 million respectively.

China's main zipper exports are still concentrated in Asian countries and regions, which play an important role in the division of labor in the textile and garment industry. Their industrial foundation is weak and there are few local zipper supporting enterprises. Therefore, with the rapid expansion of their garment industry, the demand for imported zippers is also rising. In the first quarter of this year, Vietnam surpassed Hong Kong to become the largest direct export market of China's zippers. The markets of Bangladesh and Vietnam grew by more than 40%. Except Myanmar and Turkey, zipper exports to other regions increased significantly. Myanmar, which has always had great potential in the textile and garment processing market, has experienced negative growth. The main reason is that since February this year, Myanmar's domestic military coup has intensified. In this process, there has also been a certain scale of Anti China movement among the people, which has seriously disturbed the local normal production and business activities, and the export of Chinese zippers to this region has been greatly affected.

Insight into the development of zipper industry in 2021

1、 Both supply and marketing flourished, and domestic sales and exports increased

The hot mood of China's zipper export market still continues in the domestic market. According to the survey of the zipper Association, the domestic zipper market showed a rapid recovery and growth momentum from the fourth quarter of last year to the first quarter of this year. The orders of some enterprises in Zhejiang and Guangdong have been arranged to the third quarter, and the whole industry has entered a hard won peak season. According to public data, the performance of Weixing and xunxing listed companies increased significantly in the first quarter. The revenue of Weixing shares increased by 33.5% year-on-year in the first quarter and that of xunxing shares increased by 27.97% year-on-year. Most large-scale enterprises have achieved double growth in revenue and profit, which has played an important role in the recovery of market confidence. While reducing operation and manufacturing costs, enterprises began to increase technology research and development and expand production capacity, and the prosperity of the industry continued to rise. In addition, the Xinjiang cotton incident has brought some new opportunities to the whole Chinese industrial chain. At least in the textile and clothing supply chain, national brands have more opportunities to appear. For example, many domestic brand clothing enterprises may try to establish new cooperative ties with national brand zippers.

According to the financial report of clothing listed enterprises in the first quarter, domestic first-line clothing brands such as Li Ning, Bosideng, taipingniao, Anta and Hailan home have achieved more than expected growth, the inventory clearing rate of the whole industry has accelerated, and the production and sales are booming. In addition, textile and clothing exports also maintained a strong growth momentum. In the first quarter, China's textile and clothing exports totaled 423.33 billion yuan, an increase of 33.8%, including textile exports of 206.81 billion yuan, an increase of 30.6%, and clothing exports of 216.52 billion yuan, an increase of 37.5%. These benefits continue to be transmitted in the zipper industry. With the blessing of the return of confidence in the clothing industry throughout the year, China's zipper will also usher in a good development opportunity.

2、 Macroeconomic stability and improvement

In the first quarter of 2021, China's macro-economy was stable and positive. The adverse impact of the global outbreak of COVID-19 in early 2020 on China's macro-economic operation is being resolved. The national economy has laid a solid foundation for high-quality development in the first year of the 14th five year plan. The data show that the macro economy increased significantly year-on-year in the first quarter, showing many bright spots compared with 19 years. In the first quarter of this year, the total import and export value of China's goods trade was 8.47 trillion yuan, an increase of 29.2% over the same period last year and 20.5% over the same period in 2019. The vitality of private enterprises is enhanced; The import and export of China's private enterprises reached 3.95 trillion yuan, an increase of 42.7%, accounting for 46.7% of the total foreign trade value, an increase of 4.4 percentage points over the same period last year, and continue to maintain China's position as the largest foreign trade operator. In terms of domestic demand, from January to March, China's total retail sales of social consumer goods reached 10522.1 billion yuan, a year-on-year increase of 33.9%, with an average growth rate of 4.2% in the two years; Seasonally adjusted, it increased by 1.86% month on month from October to December last year. Among them, clothing consumption increased by 54% year-on-year, showing a retaliatory rebound. The fiery domestic sales and the growth of export sales indicate that the fundamentals of steady economic growth throughout the year have not changed. Secondly, at the two sessions this year, the state stressed the continuity and stability of policies. We should not only prevent various risks, but also implement scientific policies to ensure positive economic stimulus. In view of this, we can predict that China's macro-economy will continue to improve steadily on the basis of coordinating the epidemic prevention and control and the continuous consolidation and expansion of the achievements of economic and social development.

3、 The world ushers in the year of sports

In 2021, with the normal prevention and control of the global COVID-19 and the good results of mass vaccination, global sports events were restarted this year. The summer Olympic Games and the European Cup opened a new round of sports upsurge. Affected by the COVID-19, people are more popular with sports. Under the exaggeration of competitive sports, the national sports wave will drive a new round of sports consumption, and sports and outdoor equipment have picked up significantly this year. Domestic outdoor equipment brand enterprises made a good start one after another in the first quarter. Pathfinder turned losses into profits, Sanfu's outdoor revenue increased by 76%, and mudigao's revenue increased by 25%. In addition, with the increase of long-distance travel and tourism, luggage consumption showed signs of recovery. Sportswear and equipment have shown an order of magnitude growth in recent years, and this popular trend will continue. Therefore, the matching zippers such as nylon zipper, injection molding zipper and waterproof zipper will continue to grow. On the contrary, the market growth of metal zippers will continue to stall or even decline, and metal zippers and non-metal zippers show a completely opposite market state.

4、 The rise of new consumer groups

The rise of consumer groups in Z era has triggered a new round of consumption reform, and personalized consumption has become a new fashion. In the Internet and digital era, everyone is the protagonist, and showing personality has become a common pursuit. Under this consumption background, China's fashion brand clothing is rising rapidly, and traditional brands are accelerating to move closer to youth, so as to meet the new consumption demand. The promotion of clothing styles is faster and faster, which puts forward higher requirements for the rapid response of enterprise production, and each auxiliary material also needs to change rapidly. Zipper, as one of the most important accessories of clothing, also needs corresponding changes and innovations in style. It will be a new challenge for zipper r r & D, design and manufacturing. It will also be a new opportunity for some advantageous enterprises. The adaptability of "quick return of small orders" may become the standard matching ability for enterprises to surpass in corners.

5、 New market opportunities are still being released

The outbreak of the epidemic last year caused a surge in the market demand for medical protective articles. People's awareness of virus protection was enhanced, and the concept of bacteria prevention and antibacterial was popular in the market. Therefore, since last year, the demand for bacteria prevention and antibacterial zippers has continued to be strong. Among the exhibits of major zipper brand enterprises this year, antibacterial and antibacterial zippers have attracted great attention. Although these products are used with low frequency and small market scale, But it is also enough to "attract gold" and "attract eyes", which can not only earn enough eyeballs for enterprises, but also earn huge profits. The competitive advantage in these long tail markets reflects the richness of the enterprise's product line and strong R & D and innovation ability to a certain extent, which also adds a lot of points to the enterprise's brand image.

Some niche areas have begun to introduce zipper elements, such as automobile, fishing, security and so on. Zippers are more and more widely used and have stronger applicability. For example, the wide use of waterproof zippers in recent years is a good example. Now ice and snow clothing accessories are basically replaced with waterproof zippers. There are also flame retardants with higher requirements for production and materials