Wool Textile: Export Market Recovery, Average Profit Increase

China Wool Textile Industry Association recently released the report on the operation of China's wool textile industry in 1~8 months.

The report shows that the production of major woollen products continued to grow in 1~8 months, and the gross yarn production of wool textile enterprises was 272 thousand and 200 tons, up 4.01% from the same period last year. The growth rate increased by 1.05 percentage points over the first half of the year, representing a 6.03 percentage point increase over the same period last year.

The wool textile industry has been developing steadily this year, and the production of wool textile products has been growing steadily. The export recovery of the main markets is in good condition, and the economic indicators have steadily increased.

From the point of view of imports and exports, the gross import and export volume of raw materials and products of wool textiles in 1~8 months amounted to 11 billion 250 million yuan, up 5.12% over the same period last year, and the growth rate increased by 1.28 percentage points compared with the first half of this year.

In 1~8 months, gross exports of raw materials and products were 8 billion 464 million US dollars, an increase of 11.16% over the same period last year, representing an increase of 11 percentage points over the same period last year.

Take Zhejiang, a major exporters of wool, for example. In the first three quarters of this year, the export of wool strips in Huzhou city of Zhejiang province increased significantly compared with the same period last year, and the value of wool export increased by 6. This has been constantly upgrading the production technology with wool textile enterprises, and the variety of export wool strips has been continuously enriched, and the quality has been greatly improved and closely related.

Meanwhile, investment in fixed assets also increased.

In 1~8 months, enterprises in the wool textile industry actually completed 21 billion 256 million yuan in fixed assets investment, an increase of 24.97% over the same period last year, an increase of 2.87 percentage points over the same period last year, and a 13.97 percentage point increase over the first half of the year.

Among them, 171 completed projects, an increase of 14% over the same period, with an increase of 23.09 percentage points over the same period last year, down 44.33 percentage points from the first half of the year.

Although the wool textile industry is developing steadily this year, it also faces certain challenges.

According to the statistics of National Bureau of statistics, industrial added value increased by 8.5% over the same period in 1~8 months, and the growth rate dropped by 0.3 percentage points over the first half of the year.

Among them, the textile industry grew by 6.7% year-on-year, and the growth rate dropped 0.2 percentage points over the first half of the year.

In 7~8, the domestic economy has slowed down in the first half of the year, as well as the decline in the growth of new investment in the woolen industry, which makes the new development of the industry face the face of new growth.

Insufficient risk.

Country

Data show that the gross wool imports in wool textile industry fell 1~8 in the same period last month, up 11.37% from the first half of the year.

Moreover, the Australian wool export (2014/15 total export volume in 2014) declined in July, and wool prices rebounded in the year of 2014/15.

The trade situation of wool is better than that in the first half of the year. If market demand for wool can be maintained, it will drive the industry as a whole as possible.

In addition, according to

Combined with the survey of wool textile products, the average profit level of wool textile enterprises in the first half of 2014 is higher than that of the 2012 and 2013 levels, and the profitability of enterprises is improved.

Combined with the improvement of consumer confidence index in the three quarter and the steady recovery of exports in the first three quarters of 2014, the stable situation of the wool textile industry in the fourth quarter is expected to continue.