China'S Textile Industry Market Status And Development Prospects In 2020

Textile industry is a traditional pillar industry of China's national economy and an important livelihood industry. It is also an industry with obvious international competitive advantages. It plays an important role in prospering the market, expanding exports, absorbing employment, increasing farmers' income and promoting the development of urbanization. Since 2018, the textile machinery industry has further promoted industrial upgrading, and has made progress in various aspects such as new high efficiency, low energy consumption, flexibility, automation, digitization and intellectualization. Technological innovation and structural adjustment have supported the steady growth of the industry. Since 2019, the overall operation quality and efficiency is good. In 2019, the industrial added value of Enterprises above Designated Size in China's textile industry will increase by 1.3% year-on-year.

Transfer of global textile industry to Southeast Asian countries

In recent years, Southeast Asian countries have vigorously advocated economic development, actively attracted foreign investment, and increased opening-up efforts. In addition, with low labor costs, Southeast Asia has gradually won the favor of global textile industry capital. Well known textile enterprises follow the trend and set up factories in Southeast Asia. The transfer of textile industry will drive the capital investment of fixed assets for production and increase the purchase demand of stenter and setter.

Textile industry upgrading

With the improvement of living standards, the consumption concept of Chinese residents is changing. China's textile industry has also begun to develop towards high-end and brand-oriented, and the corresponding demand for high-end stenting and setting machines is growing. The "textile industry development plan (2016-2020)" issued by the Ministry of industry and information technology points out that we should adhere to the optimization of the textile industry structure, accelerate the use of advanced technology to upgrade the traditional industry, enhance the quality control and brand operation ability, and expand the supply of medium and high-end products. Compared with general textiles, medium and high-end textiles have higher requirements on fabric color, comfort, and textile machinery.

Development dilemma of textile industry

1. The homogenization of low-grade products is serious

At present, the market competition of textile machinery industry is fierce, the homogenization of low-grade products is serious, and forgery and infringement occur from time to time. The enterprises with low-end products as the main means have gradually fallen into the vicious competition with price war as the main means, which affects the profitability and good development of enterprises in the industry.

2. The products are greatly influenced by external factors

The impact of domestic and foreign macroeconomic development situation, macro policies and major events on downstream industries will indirectly cause cyclical impact on investment and demand of the industry. If the boom continues to slow down, the macro-economy may be affected by the macro-economy.

Development prospect of textile industry

(1) policy environment support is the basic guarantee for industry development

In recent years, the state has issued a series of important policies conducive to the development of the industry to promote the transformation, upgrading and healthy development of the industry. According to the guiding opinions of the 13th five year plan for textile machinery industry, during the 13th Five Year Plan period, the state will develop and promote a number of advanced textile numerical control technology and intelligent textile equipment with wide applicability, so as to promote the technical upgrading and structural adjustment of the textile industry. Among them, the numerical control energy-saving and environmental protection printing and dyeing equipment is listed as the key task of scientific and technological research and promotion. The goal is to improve and upgrade the digital online monitoring system of printing and dyeing production line, including the energy consumption monitoring system of setting machine, and accelerate the promotion of energy-saving and emission reduction equipment such as digital monitoring stretching and setting machine in the industry. Based on good textile industry development policy, textile machinery industry will usher in a good development opportunity.

(2) the huge development potential of downstream textile industry is an important support for the sustainable development of textile machinery industry

The output of China's textile industry has exceeded half of the world's total output, and China's textile and garment exports account for 35% of the world's total. China is the largest textile producer and exporter in the world. Textile industry is the pillar industry of national economy and the industry with obvious international competitive advantage. China's huge textile industry market provides a strong guarantee for the development of textile machinery industry. The downstream market demand is relatively stable, and the demand for medium and high-grade textiles will continue to grow. From the perspective of consumption capacity, the continuous growth of Chinese residents' income provides a strong purchasing power for the growth of textile consumption in China.

(3) the national supply side reform policy guides the upgrading of industrial structure

In order to realize the goal of networking, intellectualization, digitalization of products and equipment of textile machinery, and improve the level of social productivity and the international competitiveness of equipment manufacturing industry in China, governments at all levels will further increase policy and financial support; accelerating the innovative development of the integration of new generation information technology and textile industry is the general trend. With the gradual increase of national attention to the field of environmental protection, the upgrading of textile machinery energy-saving and emission reduction standards drives domestic textile enterprises to increase investment in equipment upgrading and transformation. Environmental protection, energy saving, digital monitoring and intelligent are the development direction of textile machinery.

(4) the trend of global textile industry transfer brings new opportunities

At present, the industrial transfer of global textile industry will continue. In addition to Vietnam, Bangladesh, India and Indonesia, more and more textile and textile machinery enterprises are paying attention to Central Asia, Africa and central North America. At the same time, the layout of the "belt and road" policy implemented by the state runs through the Eurasian continent. Along the belt and road, the longest economic corridor in the world, most of them are emerging economies and developing countries, most of which are in the period of economic growth and have great development potential.

(5) the demand growth brought by the increase of concentration of textile printing and dyeing enterprises

With the increase of domestic labor cost, many textile enterprises need stronger capital strength and resource allocation ability. Therefore, some small and medium-sized textile and garment enterprises that lack competitiveness will be shut down and shut down. Transformation and improvement of competitiveness will be the way out. The market share of leading enterprises with real competitive advantage will be further concentrated, and the trend of industry differentiation will be more obvious. Leading enterprises tend to purchase more energy-saving, environmentally friendly and efficient high-end machinery and equipment according to their strength and demand, and the demand for medium and high-end stretching and setting machines will continue to grow.