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The development of China's industrial textile industry in 2018

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  • Time of issue:2020-04-08 16:32
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(Summary description)In 2018 , although China’s industrial textile industry is facing a more complicated development environment, the demand in the main markets is relatively stable. Various national policies to support t

The development of China's industrial textile industry in 2018

(Summary description)In 2018 , although China’s industrial textile industry is facing a more complicated development environment, the demand in the main markets is relatively stable. Various national policies to support t

  • Categories:News
  • Author:
  • Origin:
  • Time of issue:2020-04-08 16:32
  • Views:
Information

In 2018 , although China’s industrial textile industry is facing a more complicated development environment, the demand in the main markets is relatively stable. Various national policies to support the development of the real economy have been promulgated one after another and have gradually taken effect. The overall operation of the industry is good, and production and sales are stable. The decline in profit growth has been initially curbed. According to the National Bureau of Statistics, the industrial added value growth rate of the industry from January to November was 8.4% , which was higher than the average of the manufacturing industry, and was also at the leading level in the textile industry.

From January to November 2018 , the non-woven fabric output of enterprises above designated size was 3.518 million tons, a year-on-year increase of 9.67% , and the growth rate increased by 9 percentage points over the same period of the year. The domestic demand and export market of non-woven fabrics remained relatively strong throughout the year. The output of cord fabric was 589,000 tons, a year-on-year increase of 2.08% , and the growth rate was basically the same as last year. The decline in automobile production and sales had a certain impact on the upstream cord fabric market. From January to November , the main business revenue and total profit of China's industrial textile industry were 231.6 billion yuan and 12.04 billion yuan, an increase of 8.45% and 3.76% respectively year-on-year , and the growth rate was 2 percentage points higher than the same period in 2017 And 4 percentage points, the total profit has gradually recovered from a slight decrease in 2017 to the current medium-to-low growth rate.

From January to November 2018 , the average profit margin of enterprises above designated size in the industry was 5.20% , which was on the rise but still 0.24 percentage points lower than the same period last year . The main reason for the decline in industry profitability is the increase in costs due to fluctuations in raw material prices, and fierce competition in some areas makes it difficult for product sales prices to rise simultaneously with costs. The business differentiation among enterprises also caused the overall profitability of the industry to decline. From January to November , the loss of enterprises above designated size in the industry reached 12.51% , an increase of 3.4 percentage points from the same period last year , and the loss of loss-making enterprises increased by 43.6% . Small companies and some companies with a single product structure, at the end of the product life cycle, and slow innovation speed are facing greater difficulties, with reduced benefits or even losses; large companies have strong technological innovation capabilities, and their products are highly differentiated and refined. Chemical management is effective and has relatively strong bargaining power with upstream and downstream companies, so it continues to maintain a good momentum of development. In the first three quarters, the main business income and total profits of 15 listed companies in the industry increased by 12.26% and 35.69% respectively , and the average profit margin reached 16.27% .

In terms of different industries, the performance level of nonwovens has improved significantly. From January to November 2018, the main business income and total profit of nonwovens enterprises above designated size increased by 8.86% and 1.49% respectively . From the export data, the average price of nonwovens rose slightly; other industrial textiles (including filter , Geotechnical, protection, transportation and composite materials) the main business income and total profit increased by 10.84% and 17.81% , respectively , and the average profit margin was 5.96% , an increase of 0.35 percentage points year-on-year , leading the textile industry. . Although the main business income of rope, cable and cable increased by 4.94% , the total profit fell by 6.69% .

From January to November 2018 , the export delivery value of enterprises above designated size in the industry increased by 5.34% . According to data released by China Customs, from January to November 2018 , China exported 832,000 tons of nonwovens , with an export value of US$ 2.58 billion, an increase of 2.5% and 8.7% year-on-year, respectively . The export price of nonwovens increased by 6% . In the first three quarters, the United States imported US$ 255 million in non-woven fabrics from China , and the share of Chinese non-woven fabrics in the US market increased slightly. According to Japanese customs data, Japan imported 229,000 tons of non-woven fabrics in 2018 , valued at 86.59 billion yen, down 4.64% and 5.07% respectively compared with 2017. Non-woven fabrics imported from China were 37.88 billion yen, year-on-year Decrease by 12.5% . 

In 2019 , China’s industrial textile industry will continue to rely on the huge domestic market and actively explore the international market, especially the markets along the Belt and Road. It will improve the competitiveness of the industry through technological innovation and refined management, and resolve the uncertainties of the macro environment. This kind of risk ensures the stable and healthy development of the industry.

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