Latest Data: Operation Situation Of China'S Industrial Textiles Industry In 1-8

In October 14th, the China Industrial Textiles Industry Association released the 1-8 month operation profile of the industry, and outlined the latest revenue, profits and imports and exports of industrial textiles.

Industrial added value

Maintain medium speed growth

In 2019, China's economy was faced with a complex development environment, with external trade protectionism and unilateralism against the wind, internal structural and cyclical contradictions highlighted, transformation and upgrading climbing over the ridge, and downward pressure on the economy.

The industry textile industry has maintained a smooth operation to overcome all kinds of unfavorable factors. In 1-8, China's industrial textiles industry continued to grow at medium speed, and the industrial added value of Enterprises above designated size increased by 7.3% over the same period last year, higher than that of the textile industry and industry.

Nonwovens are important raw materials for industrial textiles. In 1-8, the production of nonwoven fabrics of Enterprises above Designated Size reached 3 million 356 thousand tons, an increase of 11.85% over the same period last year, and the output of tire fabrics was 418 thousand tons, down 11.38% from the same period last year.

　　 Hongda V high speed spinning and weaving composite nonwovens production line

The Hongda Textile fusion production line has the characteristics of high production speed, high productivity, low energy consumption, fine denier product, high evenness, good softness, high strength and low elongation. It has obvious advantages in the production of low weight products, mainly for high-end medical and health fields.

Economic performance

Nonwoven main business grew by 6.38%

In terms of economic efficiency, the main business revenue and total profit of Enterprises above designated size increased by 4.61% and 1% compared to the same period last month, with a profit margin of 5.92%, down 0.2 percentage points from the same period last year. 1-8. Although the industry profit growth is relatively low, the business situation is relatively good.

In the 1-8 month, the gross profit of Enterprises above the industrial scale increased by 8.08%, gross profit margin increased by 0.45 percentage points, the operating profit of the industry increased by 12.66% compared with the same period last year, and the operating profit margin increased by 0.44 percentage points compared with the same period last year.

In terms of field, the main business income of nonwovens and ropes increased by 6.38% and 7.71% respectively. The total profit of canvas and ropes increased by 15.59% and 6.95% respectively. The profit margins of other industrial textiles, including filtration, geotextile and automobile textiles, reached 7.14%, and maintained a high standard.

Import and export situation

Global market demand is strong.

In the 1-8 month, the export of industrial textiles was US $18 billion 293 million and imports of US $4 billion 413 million.

Main products:

680 thousand tons of nonwoven fabric exports, valued at $2 billion 27 million, grew by 8.8% and 5.19% respectively, and the demand for nonwovens in the global market is still strong.

Industrial textiles (fifty-ninth products) exported 1 million 551 thousand and 400 tons, valued at $5 billion 301 million, down 2.22% and 1.03% respectively.

In terms of exports to the United States:

In 1-8, China exported fifty-sixth dollars to the United States for the export of nonwovens, special yarns, lines, ropes, cables, and its products (fifty-sixth products), down 12.07% from the same period last year.

Exports of industrial textiles (fifty-ninth products) were $308 million, down 21.45% from the same period last year. The two products are in the catalogue of tariffs added to China by the United States, but exports to the United States account for only 10.87% and 5.81% of the total. Therefore, the impact of Sino US trade friction on the current export is overall controllable.