羽绒市场周报：贸易战阴影下的行业现状与趋势分析
羽绒市场周报：贸易战阴影下的行业现状与趋势分析
Down Market Weekly Report: Industry Status and Trends Under the Shadow of Trade War
行情综述 | Market Overview
近期，北方高温持续，南方汛情严峻，鸭毛出货量日渐萎缩，原毛绒点持续下降，绒厂分绒难度和损耗加大。在成本高企的情况下，部分工厂以低于当时市价的幅度抛售库存，以争取现金回流。
Recently, persistent high temperatures in the north and severe floods in the south have led to a gradual decline in duck feather shipments. The original down content continues to decrease, making down separation more difficult for factories with increased losses. Facing high costs, some factories are selling inventory below market prices to secure cash flow.
纺织服装原材料的全面上涨，压缩了制品企业的利润空间，整体来看下游需求依然不景气。此外，围绕新疆的中美新一轮贸易战对纺织品外贸带来的冲击不可忽视，这使得下半年的羽绒行情增添了更多变数。
The comprehensive rise in textile and apparel raw material prices has squeezed profit margins for manufacturers. Overall, downstream demand remains sluggish. Additionally, the impact of the new round of Sino-US trade wars concerning Xinjiang on textile exports cannot be ignored, adding more variables to the down market in the second half of the year.
本周利好消息 | Positive News This Week
1. 羽绒服装进出口统计（5月） - 2022年5月，羽绒服装合计出口685.1万件，环比增长180.3%；出口金额11.5亿元人民币，环比增长176.0%。
1. Down Apparel Import/Export Statistics (May) - In May 2022, total down apparel exports reached 6.851 million pieces, up 180.3% month-on-month; export value was 1.15 billion RMB, up 176.0% month-on-month.
2. 主要省市1-5月羽绒羽毛出口统计 - 浙江省出口量和出口额均位居全国第一，5月出口羽绒羽毛1931.2吨，金额2.82亿元。
2. Major Provinces' Down Export Statistics (Jan-May) - Zhejiang Province ranked first nationwide in both export volume and value, exporting 1,931.2 tons of down in May worth 282 million RMB.
3. 澳气象局：拉尼娜现象已经结束 - 但50%可能性会在2022年晚些时候重新形成。
3. Australian Bureau of Meteorology: La Niña Has Ended - But there's a 50% chance it may reform later in 2022.
本周利空消息 | Negative News This Week
1. 5月"羽绒寝具及被子"出口统计 - 环比4月减少14.4%，出口金额1.49亿元人民币，环比减少17.0%。
1. May "Down Bedding and Quilts" Export Statistics - Down 14.4% month-on-month, with export value of 149 million RMB, down 17.0% month-on-month.
2. 下游面料服装企业订单不足 - 今年6.18电商节羽绒服销量不达预期，国外秋冬季新单较去年缩量达一半。
2. Insufficient Orders for Downstream Fabric/Apparel Companies - This year's 6.18 shopping festival down apparel sales fell short of expectations, with foreign autumn/winter orders halved compared to last year.
3. 纺织企业疯狂内卷 - 为维持库存不增长，部分企业宁愿亏损卖布也不愿调低开机率。
3. Fierce Competition Among Textile Companies - To maintain inventory levels, some companies would rather sell at a loss than reduce operating rates.
行业展望 | Industry Outlook
当前羽绒市场面临多重挑战：原材料价格上涨、下游需求疲软、国际贸易环境不确定性增加。企业需要密切关注市场动态，灵活调整经营策略。
The down market currently faces multiple challenges: rising raw material prices, weak downstream demand, and increasing uncertainty in international trade environment. Companies need to closely monitor market trends and flexibly adjust business strategies.
