Industrial Added Value In The First Half Of The Industrial Textile Industry Increased By 10.9%

China's industrial use in the first half of 2016

The industry continues to take scientific and technological innovation as the core and increase

Development and

Expand efforts, strengthen enterprise management, reduce costs and improve efficiency, overcome all kinds of unfavorable factors at home and abroad. The industry as a whole continues to maintain a steady and higher growth rate, and economic benefits continue to improve.

According to the National Bureau of statistics, in the first half of this year, the industrial added value of the textile industry increased by 10.9%, and the total business revenue and total profit of Enterprises above designated size increased by 7.61% and 13.19% respectively. The industry profit rate was 6.10%, an increase of 0.3 percentage points, and the growth of fixed assets investment was 3.02%.

Customs data show that in the first half of this year, China's exports of industrial textiles amounted to 12 billion 752 million US dollars, down 2.22% from the same period last year, and imports of US $3 billion 196 million, down 1.53% from the same period last year.

According to the association's survey, the business index of the industry in the first half of the year was 72, although it was at a low level, but it was much higher than the balance point of 50. The industry's confidence index for the whole year was 70, which was basically the same as that in the first quarter.

1 overall industry situation

1, production maintained a relatively high growth rate.

According to the association's research, the demand index in the first half of the year was 53.4, an increase over the first quarter of this year, and the production index of the industry was 71.4, an obvious rebound compared with the first quarter of 2015 and the first quarter of this year.

Production rebounded on the one hand due to the growth of demand, and on the other hand, the increase in investment brought about by the increase in investment gradually reached production.

According to the National Bureau of statistics, the output of nonwovens reached 2 million 676 thousand and 900 tons in the first half of this year, an increase of 8.58%, and the output of cord fabrics increased by 408 thousand and 900 tons, an increase of 7.82%.

In recent years, the output of China's nonwoven fabrics has increased rapidly. With the increase of base, the rate of growth is slowing down. But the export volume of nonwoven fabrics has been growing at a high speed. In the first half of this year, the total export volume reached 406 thousand tons, an increase of 15.15%.

2014, in 2015, the output of China's cord fabric decreased continuously, and the downward trend in 2016 was curbed, and the output in the first quarter increased by 8.08% over the same period last year.

2, economic efficiency continues to improve.

According to the National Bureau of statistics, in the first half of the year, the total business revenue and profits of Enterprises above designated size were 145 billion 855 million yuan and 8 billion 897 million yuan respectively, representing an increase of 7.61% and 13.19% respectively.

The average profit rate of the industry was 6.10%, an increase of 0.3 percentage points over the same period, an increase over the first quarter. The deficit of the industry was 10.95%, and the deficit of the deficit companies was 238 million yuan, down 23.85% from the same period last year.

In 2011, the growth of the gross revenue and profit of the industry's textile industry was about 30%. After a relatively large decline in 2012, the total profit growth rate changed little, but the growth rate of the main business income continued to decrease to about 6.5% (see chart 1).

On the one hand, the slowdown in revenue growth is due to the decline in raw material prices and fierce competition in the market, resulting in a reduction in the selling price of products. On the other hand, the pace of market expansion is slowing down as the industry matures.

According to the industry, the main business income and gross profit of nonwoven fabrics increased by 10.79% and 8.46% respectively, with a profit margin of 5.93%, a decrease of 0.13, a loss of 17.87% of the loss making enterprises, and a decline in the profitability of the nonwovens, mainly due to the rising cost of raw materials in the first half of the year, which led to a rise in the gross profit margin of the enterprises, but a sharp decrease in the loss of the loss making enterprises showed that the division of business among the enterprises improved.

Although the proportion of ropes and cables is not high in the whole industry, its revenues and profits have maintained a high growth rate with a profit margin of 6.73%. With the development of high tech products in the industry, the scope of application of ropes will continue to expand, and the industry will continue to maintain high growth.

Although the income of textile belts and cord fabrics has decreased, the profit has increased by 21.77%, the loss has decreased by 69.62%, and the profit margin has been 6.71%. The total profit of the canvas has increased by 17.87%, indicating that the two industries have already been out of the doldrums in the past few years, and their operating conditions are getting better.

According to the direct report data of the association, the total revenue and profit of the sample enterprises increased by 7.71% and 15.60% respectively, especially for large enterprises.

However, the index survey of small business participation shows that the profit index in the first half is 50.6, which is at the edge of the ups and downs, and the profitability of small businesses is worrying.

According to statistics of some industrial clusters, in the first half of the year, the total business revenue and total profit of Enterprises above designated size within the cluster increased by 10.47% and 4.12% respectively, and the main business income of enterprises below the scale decreased by 0.12%, and total profits decreased by 8.2%.

Research shows that the industry's cost growth slowed down in the first half of the year.

Compared with the first quarter, the material price index has dropped slightly, which has changed the situation of the continuous decline of raw material prices in recent years and has entered the rising interval. The situation of the sharp rise in wages has been curbed; due to the implementation of various reform measures, the tax and fee burden of enterprises has been reduced to a decreasing level, but the accounts receivable index has rebounded in the first quarter.

3, industry investment growth slowed down

According to the International Bureau of statistics, investment in fixed assets in the first half of this year was 30 billion 510 million yuan, up 3.02% over the same period last year, and the growth rate dropped by 12 percentage points compared with the same period last year.

According to the industry, nonwoven investment has maintained a high growth rate of 12.32%, an increase of 5 percentage points over the same period last year.

Investment in nonwovens is rather cyclical (see chart 2).

In 2010 and 2014, investment grew by more than 40%, reaching the peak of the industry and falling to a low point in 2012 and 2015 respectively.

In 2016, the investment in the nonwovens industry bottomed out, and it is expected to continue to maintain high growth in the next 1-2 years and drive the growth of investment in the whole industry.

Investment in ropes and canvas increased by 4.87% and 1.13% respectively, while the investment in textile belts and cord fabrics decreased by 14%.

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4. Imports and exports are basically flat.

In recent years, China's industrial textiles industry is facing more complicated international situations, and its export growth has changed greatly. In 2011, the export growth rate reached 26.3%, while in 2012, the export growth rate dropped sharply to a negative value. After 2013, the export volume dropped to around 8%, and in 2015 there was a sharp decline.

In the first half of 2016, China's total export industrial textiles amounted to 12 billion 752 million US dollars, down 2.02% compared with the same period last year. The decline was narrowed compared with the first quarter.

The fluctuation of China's industrial textiles exports is partly due to the slow recovery of the world's major economies. For example, China's exports to the EU have been in a low or negative growth state, and on the other hand, it has a great relationship with the decline in export prices.

4.1 main products

In the main products of China's exports, the export of nonwoven, packaging textiles and pport textiles has maintained an increase. The export volume has increased by 4.63%, 1.22% and 10.46% respectively, while the exports of medical and sanitary textiles, sail sail textiles and industrial coated fabrics have decreased to varying degrees.

However, in terms of export volume, the export volume of other products has maintained a relatively high growth rate except for sail sails textiles and safety protection textiles. The export volume of nonwoven and packaging textiles has increased by 15.15% and 28.20% respectively, and the number of textile exports has increased by 14.06%.

The growth of export volume indicates that the export demand of industrial textiles in China is still expanding, but the general decline in export prices has led to a decline in export volume.

See Table 1 for details.

4.2 major markets

The United States, Japan and the European Union are the main markets for the export of industrial textiles in China.

In the first half of this year, China's exports to major markets were different.

First, exports to the United States amounted to 2 billion 23 million US dollars, down 2.96% from the same period last year. This is the first time that exports to the US have declined in recent years. Exports to Japan increased by US $1 billion 35 million, up 1.49% over the same period last year, which has changed the decline in exports to Japan over the years.

Exports to Vietnam and Philippines maintained a relatively high growth rate, especially for exports to Philippines, which increased by 19.11%. Industrial coated fabrics, synthetic leather and leather and nonwovens were the main products exported to these two countries, accounting for 52.7% of total exports. Besides, the export volume of medical and sanitary textiles, Xian Sheng belts and agricultural textiles was relatively large.

See Table 3 for details.

From the point of view of exports, Asia is still the largest market for industrial textiles in China, with exports decreasing by 0.18% compared with the same period last year, and exports to the whole of Europe have increased by 1%. This is the first time that exports to Europe have increased for the past two years, exports to Oceania have increased by 0.56%, exports to Africa and Latin America have declined, and exports to Latin America have dropped by 18.88% in particular.

Mexico and Brazil are China's largest exporters in Latin America, with exports reduced by 11.09% and 24.90% respectively.

4.3 imports

In the first half of 2016, China's imports of industrial textiles amounted to 3 billion 196 million US dollars, down 1.53% from the same period last year. Medical and sanitary textiles, industrial coated fabrics, nonwoven fabrics, airbags and ropes (cable belts) are China's main import products, accounting for 66% of total imports.

Among them, the imports of industrial coated fabrics and nonwoven fabrics decreased by 8.79% and 8.26% respectively, while the import volume of infant urine trousers increased by 12.72%, and the import volume of airbags and cord belts increased by 14.51% and 8.53% respectively.

From the point of view of imports, Japan is China's largest importer, followed by China's Taiwan region, South Korea, the United States and Germany. These 5 countries and regions account for nearly 80% of China's total imports, of which imports from Japan account for 34.72% of the total.

2 main areas

1, medical and health textiles

Sanitary textiles are mainly for the consumer goods market. Due to the large population in China, the upgrading of household consumption and the implementation of the comprehensive two child policy, the market demand for baby diapers, women's hygiene products and towel products has been increasing continuously, and the production and sales of sanitary textiles have been growing steadily.

The industry also actively explored foreign markets. In the first half of this year, China exported $753 million of sanitary products such as urine trousers and sanitary napkins, an increase of 2.16% over the same period last year.

China is also a large importer of such products. In the same period, China's imports reached 660 million US dollars, up 12.72% over the same period last year. Japan is the largest source of imports, accounting for 80% of the total imports.

Medical textiles are mainly for hospitals, disease control and other departments. Due to the reasons of China's procurement system, the permeability of disposable surgical gowns and surgical hole sheets is not high, and the exports of products to the developed countries in Europe and the United States are relatively large.

In the first half of this year, the export of disposable protective clothing made of nonwovens was 385 million US dollars, down 17.20% compared with the same period last year, and the export of medical dressings was 642 million US dollars, down 5.39% compared with the same period last year.

2. Geotextile and building textiles

Infrastructure engineering is the main application area of geotextile textiles.

In 2016, China's investment in infrastructure continued to maintain rapid growth. In the first half of this year, investment in fixed assets continued to grow rapidly. The highway and waterway industries completed 781 billion 300 million yuan in fixed assets investment, an increase of 8.7% over the same period last year, and 800 billion yuan in the annual plan of the railway. In the 1~5 month, the fixed assets investment in the National Railways increased by 11.8% over the same period last year.

In the future, China will build a high-speed railway network with eight sides and eight horizontal lines. By 2025, the mileage of the high-speed railway will reach 38 thousand kilometers, and the high tide of large-scale railway construction is spreading in full swing.

The geomembrane industry will continue to invest substantially in revenue and railways.

Meanwhile, the fierce competition in the geotextile textile market, coupled with the low price of raw materials, has restrained the rise in product prices.

According to the association's research, in the first half of the year, the gross revenue and profit of the textile industry increased by 5% and 9% respectively, and the value of export delivery increased by 5%.

3. Textiles for filtration and separation

Textiles for filtration and separation are mainly used in the environmental protection industry, and are closely related to national environmental policies.

With the continuous improvement of filter technology, all kinds of high-performance filter bags can meet the stringent environmental protection standards, and the user's comprehensive use cost is decreasing.

In 2016, the investment of coal-fired power plants in China has maintained a rapid growth. Due to the serious overcapacity of steel and cement industry, the investment in environmental protection has been difficult. However, due to the mandatory requirements of environmental protection emissions and the need for periodic replacement of filter bags, the demand for the industry continues to maintain a certain growth.

According to the association's research, in the first half of the year, the total revenue and profit of filtering and separating industry increased by 6.8% and 9.1% respectively, and the value of export delivery increased by 15.3%.

In terms of woven filter cloth, China exported 67 million 90 thousand US dollars in the first half of this year, an increase of 19.40% compared with the same period last year, and the price remained stable.

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4. Transport textiles

In the first half of this year, the situation of China's automobile industry improved compared with that of last year, with 12 million 892 thousand and 200 production vehicles and 12 million 829 thousand and 800 vehicles, an increase of 6.47% and 8.14% compared with the same period last year, representing an increase of 3.83 percentage points and 6.71 percentage points respectively over the same period last year.

Therefore, in the first half of the year, the demand for the textile industry of our pport industry increased significantly. According to the survey of some key enterprises, the main business revenue increased by 2.62%, the total profit increased by 39.26%, and the profit level increased significantly.

In terms of exports, the export volume of cord fabrics decreased by 2.50% in the first half, but the volume of exports increased by 11.53%. The export volume of airbags increased by 24.08%, and prices remained basically stable. The export of automobile safety belts increased by 1.92%.

In the future, China's automobile industry will continue to maintain steady growth in medium speed, and the rapid development of new energy vehicles will bring more opportunities to the textile industry.

3. Annual forecast

In 2016, China's industrial textiles industry faced the complex domestic and international situation, but the factors that promoted the development of the industry did not change.

First of all, the industry textile industry has always insisted on technological innovation as the core driving force of the development of the industry, and actively to high-tech, talent, brand and sustainable development characterized by high structural adjustment, to cultivate the competitiveness of the industry.

Secondly, the application fields of industrial textiles are relatively wide and diversified, which can effectively respond to changes in market demand in different fields.

Third, the relevant policies of the state have provided a lot of space for the development of industrial textiles, such as increasingly stringent environmental protection policies, increasing infrastructure construction such as railways and highways, fully liberalized the two child policy, "one belt and one road" development strategy, emergency industry development and civil military integration development strategy. These policies not only expand the existing product market demand for the industry, but also open up some new market space.

Fourth, the industrial base of foreign low cost countries is relatively weak. The industrial textiles in China have strong competitive advantages in the global industrial chain, and the space for foreign market expansion is still very large.

However, the industry's annual development is also facing great challenges.

First of all, the slowdown in China's economic growth under the new normal makes demand in some areas slow down or even structural decline.

Secondly, the world economic situation is still more complex, and exports to the US have declined for the first time. Although exports to the EU and Japan have increased slightly, they are still not stable, and exports to Africa, Latin America and other developing countries and regions are also facing some pressure.

Third, the rebound of raw material prices will be difficult to pmit to the downstream market in the short term, which will affect the profitability of the industry.

Therefore, the textile industry in the second half of this year will continue to grow steadily in the first half of the year, and the investment growth rate may further slow down. The import and export situation is basically the same as last year.