Market Analysis: Analysis On The Operation Of China'S Industrial Textiles Industry From January To July 2021

Affected by the global market demand for epidemic prevention materials slowing down and the huge development base in 2020, the main economic indicators of China's industrial textiles industry will significantly callback to the normal level before the epidemic in 2021. From January to July 2021, the industrial added value of Enterprises above Designated Size in China's industrial textiles industry decreased by 20.1% year-on-year, but compared with the same period in 2019, the industrial added value of the industry still increased by 13.1% on average in two years.

　　 In terms of production, From January to July, the nonwovens output of Enterprises above designated scale reached 3.489 million tons, up 0.3% year on year, and the growth rate continued to decline; The output of cord fabric was 480000 tons, up 37.0% year on year.

　　 In terms of economic benefits, From January to July, the operating revenue of Enterprises above the industrial scale reached 168.41 billion yuan, a year-on-year decrease of 10.7%, and the total profit was 9.38 billion yuan, a year-on-year decrease of 60.9%, and the profit margin was 5.6%, with a year-on-year decrease of 7.2 percentage points. From January to July, the operating income and total profit of Nonwovens Enterprises above designated size decreased by 21.0% and 72.9% respectively, and the profit margin was 5.7%, with a year-on-year decrease of 10.9%; The operating income and total profit of Enterprises above the scale of rope, cable and cable increased by 16.3% and 9.8% respectively year on year, and the profit margin was 4.5%, with a year-on-year decrease of 0.3 percentage points; The operating income and total profit of textile belt and cord fabric Enterprises above designated size increased by 25.4% and 164.8% respectively year-on-year, and the profit margin was 5.7%, with a year-on-year increase of 3.0 percentage points; The operating income and total profit of Enterprises above awning and canvas scale increased by 33.6% and 30.2% respectively year-on-year, and the profit margin was 5.8%, with a year-on-year decrease of 0.2 percentage points; The operating income and total profit of Enterprises above the designated scale of textile for medical and health, filtration and geotechnical textiles decreased by 20.0% and 61.2% respectively year-on-year, and the profit margin was 5.4%, with a year-on-year decrease of 5.8 percentage points.

Income and profit of Enterprises above industrial scale from January to July

　　 In terms of international trade, From the perspective of main export products, the value of nonwovens, special yarns, yarns, ropes, cables, cables and their products (Chapter 56 products of comprehensive classification of Customs commodities) from January to July was 4.88 billion US dollars, with a year-on-year growth of 19.9%, including the export of non-woven fabrics of 2.73 billion US dollars, a year-on-year increase of 13.7%, and the export volume of 836000 tons, with a year-on-year increase of 25.5%; The export volume of industrial textiles (Chapter 59 products of the comprehensive classification of Customs commodities) was US $5.05 billion, up 41.3% year on year. In terms of the export of epidemic prevention materials, the export of chemical fiber nonwovens protective clothing (including medical protective clothing) was 1.7 billion US dollars, a year-on-year decrease of 61.1%; The export of unlisted textile products (including masks) was 7.89 billion US dollars, down 80.0% year-on-year.

At present, the global epidemic situation is still evolving, the domestic epidemic situation is also rebounding in many places, and the domestic economic recovery is still unstable and unbalanced; The shortage of structural labor and the rise of comprehensive costs such as raw material prices and sea freight make the production and operation of enterprises under continuous pressure. It is expected that the main economic indicators of the industrial textiles industry will face a large adjustment in the whole year, and most of them are in the decline range.

　　 Note: the two-year average growth rate refers to the growth rate calculated by geometric average method based on the corresponding number of the same period in 2019.

(source: China Industrial Textiles Association)

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