2012 China's Textile Industry Trend In The First Half Year

February 27th, China textile industry The Federation held the 2011 textile economic operation analysis meeting. Wang Tiankai, honorary president of the China Textile Industry Federation, vice president Gao Yong, Sun Ruizhe, Zhang Yankai, Yang Jizhao, Xia Lingmin and consultant Yang Donghui listened to the report.

In 2011, the main operational indicators of China's textile enterprises above Designated Size maintained a relatively fast growth trend. However, they were tested by various pressures, and the growth rate of key indicators showed a trend of slowing down month by month.

First, production keeps growing, but growth is slowing down. According to the statistics of National Bureau of statistics, from January 2011 to December, China's textile enterprises above Designated Size reached 5 trillion and 478 billion 650 million yuan in total industrial output value, an increase of 26.8% over the same period last year, 33 million 624 thousand tons of chemical fiber output, an increase of 13.9% over the same period last year, 28 million 945 thousand tons of yarn production, an increase of 12.4% over the same period last year, an increase of 61 billion 980 million meters in cloth, an increase of 11.6% over the same period last year, and 25 billion 420 million output of clothing, an increase of 8.1% over the same period last year. The production situation of the industry is basically normal, but the growth rate of production is slowing down, and the slowdown in the growth of the middle and lower reaches is more obvious, due to the significant fluctuations in raw material prices, tight electricity consumption, rising labor costs and insufficient external demand.

Second, the growth rate of industry investment continued to decline, and the growth of new projects was slow. From January 2011 to December, China Textile industry The total investment in fixed assets reached 679 billion 906 million yuan, up 36.3% over the same period last year, and the number of new projects was 13715, representing an increase of only 2.3% over the same period last year. Investment in the central and western regions has increased rapidly, and the proportion has increased further. From January 2011 to December, the investment in fixed assets in the central and western enterprises increased by 56.7% and 49.3% respectively, significantly higher than that in the eastern region. The new investment in the central and western regions increased by 4.1 and 0.7 percentage points respectively over the previous year, and the pace of textile industry transferring to the central and western regions continued to accelerate.

Third, the export growth of the industry is fast, but the number is close to "zero" growth. According to customs data, from January 2011 to December, the total export volume of textiles and garments was 254 billion 120 million US dollars, an increase of 19.87% over the same period last year. It is estimated that the export price of textiles and clothing increased by 19.29% over the same period from January 2011 to December, and the total export volume increased by 98%. Excluding price factors, the number of textile and garment exports increased by only 0.48% over the same period from January 2011 to December.

Fourth, domestic market growth is still an important support for the development of the industry. From January 2011 to December, the total retail sales of clothing items above the limit increased by 24.2% over the same period last year, which is 7.1 percentage points higher than that of the whole social consumer goods retail sales in the same period. The domestic sales value of textile enterprises above designated size increased by 29.5% compared to the same period last year, and the share of domestic sales accounted for 82.9% of the sales output value, 1.7 percentage points higher than that of the same period last year, but the growth rate of domestic sales output also slowed down, which was 2.89 percentage points slower than the first half of the year.

Fifth, industry profit growth has dropped. From January 2011 to December, the total profit of textile enterprises above designated size increased by 25.9% over the same period last year, and the growth rate dropped by 15.3 percentage points over the first half of the year. Among them, the profit growth rate of chemical fiber industry dropped most obviously, and the growth rate in January 2011 to December dropped 48.3 percentage points compared with the first half.

Sixth, the operation of enterprises under the scale is not good enough, and the growth rate of sales revenue and profit is only a single digit growth, far below the growth level of Enterprises above designated size.

Judging from the industry factors and trends in the first half of 2012, the downward pressure on demand in the international market is more obvious in 2012, which will affect the growth of export volume. The acceleration of urbanization, the improvement of residents' income level and policy support will boost the industry. Domestic demand market Continued steady growth; but fluctuations in the prices of raw materials such as cotton and chemical fiber will continue to increase the risk of operation in the industry; the increase in labor costs and the rising cost of energy and power will increase the cost of production in the industry. On the whole, the industry will continue to face higher external risks in the first half of 2012. Enterprises must strengthen risk control and enhance their resilience.