Economic operation of China's industrial textile industry in 2019

2020-03-05 00:00

In 2019, China's industrial textile industry will adhere to the innovation orientation, actively promote the transformation, upgrading and structural reform of the industry, fully explore the domestic and foreign markets, strive to overcome the downward pressure of the economy, and make steady progress throughout the year. According to the data from the national bureau of statistics, the industrial added value of enterprises above the industry size grew by 6.9% in 2019, higher than the average of the manufacturing sector and in a leading position in the textile industry.


In terms of production, the global demand for nonwovens will continue to remain strong in 2019, with the annual output of nonwovens of enterprises above the industry scale reaching 5.03 million tons, up 9.9% year on year. The downturn in the auto industry has also affected related supporting industries, with cord fabric output falling 7.4 percent to 623,000 tons in 2019.


In terms of economic benefits, in 2019, the main business revenue of enterprises above a certain size in China's industrial textile industry (partial diameter) reached 235.93 billion yuan, with a year-on-year growth of 1.2%, and the total profit was 11.88 billion yuan, with a year-on-year decrease of 4.3%. The average profit margin of enterprises was 5.9%, 0.3 percentage points lower than that of the same period last year. In 2019, due to the low prices of major fiber raw materials and the implementation of the national policy of reducing fees and taxes, the gross profit margin and operating profit margin of the industrial textile industry increased by 0.5 percentage points, but the changes of non-operating income and expenditure led to the reduction of the profit level of the industry. In 2019, the business division among enterprises continued to expand. The loss of enterprises above the industry scale reached 12%, and the loss of loss-making enterprises increased by 29.4% year on year.


By industry, in 2019, the main business revenue of non-woven enterprises above the scale increased by 2.9%, the gross profit rate increased by 0.3 percentage points, but the total profit and profit margin decreased by 3.8% and 0.4 percentage points respectively. The profitability of the awning and canvas industries was improved. The growth of main business revenue and total profit decreased by 2.9% and 0.4% respectively, but the gross profit margin and profit margin increased by 1.5 percentage points and 0.3 percentage points respectively. Affected by market demand and other factors, the rope, cable and cable industry and the textile belt and cord fabric industry saw the growth rate of main business drop by 2.3% and 3.6% respectively, and the growth rate of total profit drop by 18.2% and 9.7% respectively. The main business revenue of other industrial textiles (including filtration, geoengineering, safety protection, transportation and composite materials) increased by 3.7%, the total profit decreased by 1.7%, and the gross profit margin and profit margin reached 16.1% and 7.2% respectively, leading the industry.


In terms of international trade, China exported industrial textiles worth 27.34 billion us dollars in 2019, up 2.1% year on year, and imported 6.73 billion us dollars, down 5.7% year on year. From main product markets, industrial coating fabric, nonwoven fabric and felt cloth/tent is the top three of export products, export growth of 0.4%, 5.4% and 2.7%, respectively, in the industrial textiles accounted for more than thirty percent of total exports, one of the nonwoven fabric exports of 1.051 million tons, up 9.1% from a year earlier, while exports of industrial coating fabric and felt cloth/tent was decreased by 3.2% and 1.2% respectively. Exports of disposable hygiene products continued to remain buoyant, with exports and exports surging 16% and 18.8%, respectively, over the same period last year. From the perspective of export prices, the export unit price of four categories of products in the top ten has a small increase, among which the increase of line (cable) belt textile is 5.2%, and the export prices of other products all show a small decrease. On the whole, the quantity is still the main factor driving the growth of China's industrial textile export.


From the point of view of the main export market, the United States is still China's largest export market, with its export volume reaching us $3.7 billion. Affected by trade friction, its export volume decreased by 9.1% compared with the same period last year. Vietnam surpassed Japan to become the second largest exporter, with its export volume increasing by 10.1% compared with the same period last year. Exports to "One Belt And One Road" countries along the route are becoming an important driving force for the industry's export growth. In 2019, China's industrial textile exports to "One Belt And One Road" countries along the route reached us $10.85 billion, with a year-on-year growth of 7.1%, among which the non-woven exports and exports increased by 16.7% and 18.9% respectively.


The year 2020 is the year to complete the building of a moderately prosperous society in all respects and the end of the 13th five-year plan. The "new cap" epidemic at the beginning of the year has brought great uncertainty to the development of the global economy. At the same time, the production and investment of such products as masks, medical protective clothing and disinfectant wipes brought by the epidemic are growing rapidly, and the country has introduced a series of supporting policies to help enterprises rescue the epidemic. All these positive factors are conducive to easing the development pressure of the industry. It is expected that the production and sales of China's industrial textile industry will decline to some extent in the first half of 2020, and the situation will improve in the second half of the year.