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In 2020, driven by the demand for epidemic prevention materials, China's industrial textile industry has experienced a round of rapid growth, accumulating a large base for the development of the industry in 2021; at the same time, with the changes in the global epidemic situation, the demand for epidemic prevention materials has dropped significantly, and the growth rate of masks, protective clothing and related raw and auxiliary materials industry has seen a sharp correction in 2021, leading to a decline in the growth rate of major economic indicators of the whole industry.

From January to May 2021, the industrial added value of enterprises above designated size in my country's industrial textile industry dropped by 11.9 year-on-year, with an average increase of 15.2 in two years; the output of non-woven fabrics of enterprises above designated size reached 2.449 million tons, a year-on-year increase of 9.2 percent, and cord fabrics The output of the company was 327000 tons, an increase of 32.3 percent year-on-year; the operating income of enterprises above designated size reached 117.51 billion billion, the total profit realized was 7.02 billion billion yuan, down 54.5 percent from the same period last year, and the profit margin was 6.0 percent, down 7.2 percentage points from the same period last year.

In terms of areas, the operating income and total profits of non-woven enterprises above designated size decreased by 7.7 and 67.8 respectively from January to May compared with the same period last year, and the profit margin was 6.2, down 11.5 percentage points from the same period last year; the operating income and total profits of enterprises above the scale of ropes, ropes and cables increased by 24.6 and 43.6 respectively compared with the same period last year, and the profit margin was 4.2, an increase of 0.6 percentage points compared with the same period last year; the operating income and total profit of enterprises above the scale of textile belt and cord cloth increased by 28.2 and 198.0 respectively, and the profit margin was 5.7, an increase of 3.3 percentage points; the operating income and total profit of enterprises above the scale of awning and canvas increased by 37.4 and 63.3 respectively, and the profit margin was 6.2, an increase of 1.0 percentage points; the operating income and total profits of enterprises above the scale of other industrial textiles in which medical and health, filtration and geotechnical textiles are located decreased by 10.3 and 53.5 respectively compared with the same period last year, and the profit margin was 6.0, down 5.6 percentage points from the same period last year.

In terms of international trade, from the perspective of major export products, the value of non-woven fabrics, special yarns, threads, ropes, cables and their products (products in Chapter 56 of the General Classification of Customs Commodities) from January to May was US $3.52 billion, an increase of 46.4 per cent over the same period last year, of which the export of non-woven fabrics was US $2.04 billion, an increase of 54.9 per cent over the same period last year, and the export volume of 627000 tons, an increase of 52.2 per cent; the export value of industrial textiles (products of Chapter 59 of the General Classification of Customs Commodities) was 3.5 billion billion US dollars, up 38.0 per cent year on year. In terms of the export of epidemic prevention materials, the export of chemical fiber nonwoven protective clothing (including medical protective clothing) was 1.43 billion US dollars, down 34.5 percent year-on-year, while the export of unlisted textile products (including masks) was 6.01 billion US dollars, down 75.1 percent year-on-year.

At present, with the continuous improvement of vaccination rate and the recovery of global market demand, the field of epidemic prevention materials and non-epidemic prevention materials in the industrial textile industry show two very different development trends. The development of epidemic prevention materials related fields in the industry has gradually returned to the pre-epidemic level, and the profitability of these fields continued the trend of sharp decline from January to May, but the average growth rate of the total profits of non-woven enterprises in the two years still reached 24.6; the recovery trend of non-epidemic prevention materials continued, and most of them have recovered or even better than the pre-epidemic level, however, the rising cost of raw materials, labor, freight and other factors makes the recovery of these areas still face greater pressure. Total profits in the industrial textiles industry are expected to continue to decline in the rest of the year compared to the same period last year, but margins will be better than pre-epidemic levels.

Note: The two-year average growth rate is based on data for the same period in 2019 and calculated using the geometric mean method.

(Source: China Industrial Textile Industry Association)