Analysis on the operation of China's industrial textile industry in the first eight months of this year

Release time:

2023-02-20

Affected by multiple unexpected factors such as high inflation in major developed economies around the world, frequent outbreaks of domestic epidemics, and extreme high temperature weather, the downward pressure on my country's industrial textile industry from January to August 2022 has not eased, but with a package of policies to stabilize the economy And successive policy measures have been introduced one after another, the industry's production and demand have continued the recovery trend since the second quarter, and the industry's industrial added value continues to grow.

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Production

In terms of production, according to data from the National Bureau of Statistics, the output of nonwovens and cord fabrics of enterprises above designated size decreased by 0.5 and 3.2 respectively from January to August compared with the same period last year, and the decline continued to narrow.

economic benefit

In terms of economic benefits, the operating income of enterprises above designated size in the textile industry from January to August has returned to the level of the same period in 2021, with total profits down 13.7 percent year-on-year and profit margins of 4.5 percent, down 0.7 percentage points year-on-year.

In terms of areas, from January to August, the operating income and total profits of non-woven enterprises above designated size decreased by 3.1 and 35.9 respectively year-on-year, and the profit margin was 3.3, a year-on-year decrease of 1.7 percentage points; the operating income and total profits of enterprises above designated size of ropes, ropes, and cables increased by 0.5 and 2.0 respectively year-on-year, and the profit margin was 4.9, a year-on-year increase of 0.1 percentage points; the operating income and total profit of enterprises above the scale of textile belt and cord cloth decreased by 3.0 and 9.0 respectively, and the profit margin was 5.4, down 0.4 percentage points; the operating income and total profit of enterprises above the scale of awning and canvas increased by 9.5 and 33.9 respectively, and the profit margin of 6.2 was the highest level in the industry; the operating income and total profits of enterprises above the scale of other industrial textiles where filtration and geotechnical textiles are located increased by 4.3 and 5.4 respectively, and the profit margin was 5.7, an increase of 0.1 percentage points over the same period last year.

January-August 2022 Main economic indicators of the operation of the textile industry (above the scale) Data source: according to the National Bureau of Statistics.

international trade

In terms of international trade, according to China's customs data, the export volume of China's industrial textile industry from January to August 2022 (customs 8-digit HS code statistics) was US $30.64 billion, down 12.4 percent from the same period last year. Industry imports from January to August (customs 8-digit HS code statistics) were US $4.19 billion, down 13.9 percent from the same period last year.

In terms of products, industrial coated fabrics are currently the industry's largest export product, with exports reaching US $3.44 billion billion, an increase of 28.4 percent over the same period last year, and felt/tent exports reaching US $3.3 billion billion, an increase of 12.4 percent over the same period last year. Overseas market demand for traditional products such as wire rope (cable) belt textiles, canvas and leather-based fabrics continued to be strong, with exports increasing by 15.9 percent, 29.2 percent and 17.1 percent respectively over the same period last year.

In terms of nonwovens and related products, the export of coiled materials was 2.71 billion US dollars, down 12.3 percent from the same period last year, and the export volume was 820000 tons, down 13.3 percent from the same period last year. Exports of masks and chemical fiber nonwovens protective clothing (including medical protective clothing) fell 69.7 and 54.5 percent respectively from the same period last year. Exports of disposable sanitary products totaled 1.91 billion US dollars, up 20.1 percent from the same period last year.

Data source: According to China Customs data.

Note: Since January 1, 2022, the customs codes of some commodities in the industrial textiles industry have been adjusted. Due to the lack of year-on-year data of the same caliber, the year-on-year growth rate of imports and exports of the industry released in this period is for reference only.

Source: China Industrial Textile Industry Association

Source: Jung-International Nonwoven Industry Business

Green environmental protection natural fiber interpretation (I): cotton

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