Market summary June should have been the traditional peak season for domestic and foreign trade procurement, but it has entered the down market in July, but it is still in a downturn. Down companies are cautious and their desire to reduce inventory increases. However, with the in

2025/05/0508:59:38 hotcomm 1881

Market summary

6 should have been the traditional peak season for domestic and foreign trade procurement, but it has entered the down market in July, but it is still in a recession. Down companies are cautious and their desire to reduce inventory increases.

However, with the increase in exposure of brands such as Bosideng and Yaya, the leading down jacket industry, it may drive the domestic finished velvet market to gradually expand.

From the raw material supply side, output in the second half of the year will also shrink. Although July-August is the peak season for meat duck consumption, and the continuous rise in pork prices can also provide certain support, the long-term sluggish seedling prices have caused serious losses to poultry and seedling companies, and duck seedling production has been significantly reduced. At the same time, the record-breaking feed prices have kept the cost of stocking high, and the contract supply volume has been reduced accordingly.

Monday to Friday: The market remains flat

Note: The pricing has been replaced with GB/T 14272-2021 Data

Good news this week

Bosideng: Raw materials will rise by about 10%, starting the sixth year of price increase

On the evening of June 23, Bosideng disclosed its 21/22 annual results. As of March 31, 2022, Bosideng's annual revenue increased by 20.0% year-on-year to 16.214 billion yuan; gross profit margin increased by 1.5 percentage points year-on-year to 60.1%. This is the best result in Bosideng's history.

After handing over a record high in revenue and profits, down jacket giant Bosideng held a performance briefing on June 24 to make a judgment on this year's store opening plan and consumption situation in the second half of the year.

Bosideng Chief Financial Officer and Vice President Zhu Gaofeng pointed out that in order to support the development of franchisees, Bosideng has given a lot of policy support to the third- and fourth-tier markets this year. It is expected that there will be more than 300 franchise stores to open a store, and more than 200 have been confirmed.

"becoming more and more expensive" has become a common perception of Bosideng down jackets in recent years. However, Bosideng, which has grown by 17% for five consecutive years, will start its sixth year of price increase in the winter of 2022.

Zhu Gaofeng pointed out that Bosideng's long-term positioning is a mid-to-high-end brand, and the price of Bosideng down jackets will "steadily increase" this year. This means that the price of Bosideng's products will continue to rise this year. Rui Jinsong, president of the brand business unit of

, said that the raw materials (cost) will increase by about 10% this year, and the company will hedge by making good plans and improving efficiency.

In addition, Bosideng will also make efforts in children's clothing. "Bosiden children's clothing currently has a penetration rate of only 5% in the entire market, while some leading brands have a penetration rate of 20% in children's clothing. Bosiden will also set up a special children's clothing department this year to operate and develop the children's clothing sector."

Source | Bosideng

down jacket OEM manufacturers are seeking to expand outside Vietnam

Global epidemic slows down, brand clothing factories resume order momentum, down jacket factory Guangyue (4438) pointed out that in response to brand customers expanding the duty-free area for ordering, Jordan in the Middle East has acquired new factories and continues to expand production lines. Next year, the production lines of Jordan's production base will increase from the existing 20 to 60.

Guangyue pointed out that expanding Jordanian production base can disperse product categories and strive for orders for new brand customers. Past operations are affected by seasonal conditions, and the huge gap between off-peak and off-peak seasons is expected to fade.

Guangyue general manager Wu Chaobi said that the order visibility has reached October, and the main customers in hand cover sports brands Adidas, Nike, UA, NB, outdoor brands The North Face, Patagonia, Aritzia, etc., and the price of OEM products is mainly medium and high.

Global clothing consumption market is heating up, and down factory Guanglong (8916) actively invests diversifiedly to win ready-to-wear orders.

Guanglong pointed out that as countries gradually unblock, the market is optimistic about the future revenue growth of outdoor sports brands. The group will continue to increase the proportion of revenue of the ready-to-wear business in the next five years.

Kinglong Chairman Zhan Hebo said that Kwanglong has successfully transformed into an outdoor functional clothing OEM factory; in order to increase the production capacity of ready-to-wear, it will increase Vietnam's existing production capacity, expand cooperation with Vietnam's cooperative factory, increase outsourcing capacity, and find appropriate opportunities to layout Indonesia's production lines.

Source | Zhongshi News Network

down industry trade is more standardized! The two standards of "Raw Material Down Feather" and "Washed Down Feather" passed the technical review

On June 28, the Wuchuan Down Industry Association organized a technical review meeting on the group standards of "Raw Material Down Feather" and the group standards of "Washed Down Feather". Experts from various inspection companies and testing institutes formed an expert group to conduct technical review of these two group standards.

Chen Wenjian, president of Wuchuan Down Industry Association, said that the national standards mainly stipulate products, tags, terminal sales, etc., but there is no standard for the production process. The formulation of two group standards, "Raw Material Down Feather" and "Washed Down Feather" will make the trade platform and trade market more standardized and unified.

Ling Weiliang, executive vice president and chairman of Wuchuan Down Industry Association, shared the reasons for formulating the group standards for "Washing Down Feathers": one is dust and the other is fluffy. These two are important indicators of down quality. Provisions are made through the formulation of standards, which is conducive to the unity and improvement of down quality.

. The expert group conducted technical reviews on the two standards one by one. After full discussion and research, they formulated technical review opinions, and finally agreed that the group standard of "Raw Materials Down Feather" and the group standard of "Washed Down Feather" passed the technical review.

, both group standards are approved by Wuchuan Down Industry Association, led by Wuchuan Yuexi Inspection and Testing Co., Ltd., and jointly studied and drafted with Zhanjiang Standardization Association, Wuchuan Down Industry Association, Guigang Down Association, Taiqian County Down Clothing Industry Chamber of Commerce and down production companies.

Source | Southern Daily and Wuchuan released

shifted from prosperity to sluggishness, and the proportion of duck meat market has declined

poultry farming occupies an important position in my country's breeding production, and the output from 2017 to 2021 showed a stable growth trend. Data shows that in 2021, the number of poultry stocks in my country reached 6.79 billion, basically the same as the same period last year; the number of poultry was 15.74 billion, an increase of 1.1% year-on-year.

Poultry meat is the second largest meat consumer product in my country. In recent years, the per capita poultry consumption of residents has gradually increased. According to data, chicken production accounts for 66% of poultry in 2021; followed by duck meat, with production accounting for about 27%.

my country is a major duck meat producer. Affected by the African swine fever epidemic from 2018 to 2019, some pork consumption demand shifted to poultry meat, causing its consumption to increase significantly.

However, in the past two years, as the substitution effect gradually weakens, the industry has shifted from prosperity to sluggish, and the market share has declined. Data shows that the national commercial meat duck slaughtered in 2021 was about 3.501 billion, a year-on-year decline of 11.81%, and its share in the poultry meat market fell from 29% in 2014 to 27%.

Source | Guanyan Report Network

This week's negative news

sea freight rates may drop by 20-30% in the second half of the year. Beware of the risk of turning point in demand

The Wall Street Journal recently reported that according to the data of the Baltic Sea Freight Index, the freight rates from China to the west coast of the United States last week were US$8,934 per container, down 38.5% from the beginning of the year and nearly 50% from the same period last year, but they are still four times that of June 2020.

As the main route of the collective transportation market, the high decline in US line freight rates has also triggered the market's bearish sentiment towards the collective transportation market. Data cited by analysts showed that since May 24, imports of containers shipped to the United States have dropped by more than 36%.

Currently, some companies have cut orders with suppliers, and retailers such as Target and Walmart say they are dealing with overstocking due to excessive orders. Moreover, inflation suppresses consumption to a broader extent. According to a latest report from Standard & Poor's Global Market Intelligence, container freight rates are expected to fall by 20-30% in the second half of this year.

On the one hand, as the impact of the epidemic in the United States weakens, physical consumption is gradually returning to service consumption; on the other hand, the issuance of US consumption coupons has decreased, and the consumer confidence index has declined. According to the survey, the visibility of export orders in the second half of the year is limited, so beware of the risk of turning point demand.

Source | Sea transportation network

The epidemic has been repeated again, 2022 Fashion Shenzhen postponed the holding of

learned from the organizer of Fashion Shenzhen Huanyu Fashion Exhibition (Shenzhen) Co., Ltd.:

In view of the current recurrence of the epidemic in China, there have been local confirmed cases in Shenzhen after zero new cases for many days. In order to ensure the health of exhibitors, audiences and partners and the exhibition effect, the organizer decided after communication and coordination with relevant departments that the 2022 Fashion Shenzhen, originally scheduled to be held at the Shenzhen Convention and Exhibition Center (Futian) from July 7 to 9, 2022, will be postponed. The venue will remain unchanged.