Attention: In The First Three Quarters Of 2021, The Textile Industry Will Maintain The Overall Recovery Development Trend

　　 In the first three quarters of 2021, faced with the complex situation of increasing domestic and foreign risks and challenges, China's textile industry fully implemented the decision-making and deployment of the Party Central Committee and the State Council, continued to consolidate the achievements of epidemic prevention and control and the smooth and stable industrial circulation, and actively responded to the tests of local epidemic and flood situation. The comprehensive prosperity of the industry maintained the expansion trend, the enterprise benefits improved steadily, and the investment confidence continued to recover, The main operation indexes rose steadily above the lower base in the same period of last year, and the overall situation of restoration and development was maintained. Looking forward to the fourth quarter and 2022, the development situation faced by the textile industry is still complex, unstable and uncertain factors still exist, and there are still many tests to maintain the smooth operation.

　　 Industry prosperity keeps expanding

　　 Situation of continuous production recovery

　　 Since 2021, supported by the overall stable situation of domestic epidemic prevention and control and the recovery of domestic and foreign market demand, the prosperity of the textile industry continues to be in the expansion range, and the utilization level of production capacity is generally good. According to the survey data of China Textile Industry Federation, in the third quarter of 2021, the prosperity index of China's textile industry is 58.7, which is above the 50 prosperity and withering line for six consecutive quarters. Although it is 6.7 percentage points lower than that of the second quarter of this year, the industry prosperity is still at a high level. According to the data of the National Bureau of statistics, in the first three quarters, the capacity utilization rates of the textile industry and chemical fiber industry were 79.6% and 85.2%, respectively, higher than the 77.6% level of the national industry in the same period, and increased by 7.2 and 6.1 percentage points compared with the same period of last year.

　　 The production situation of textile industry recovered steadily. According to the data of the National Bureau of statistics, in the first three quarters of 2021, the added value of textile industry above Designated Size in China increased by 6.3% year-on-year, increased by 10.9% compared with the same period of last year, but decreased by 14% and 3.3% respectively compared with the first quarter and the first half of this year. Taking the third quarter of 2019 as the base period (the same below), the average growth rate in two years is 0.7%, indicating that the production scale of the industry has exceeded the level before the epidemic. In the first three quarters, the added value of textile industry, chemical fiber industry and clothing industry increased by 3.7%, 10.7% and 9.2% respectively over the same period of last year. The average growth rate of added value of textile industry and chemical fiber industry in two years reached 1% and 5.3% respectively.

　　 Steady improvement of domestic demand market

　　 Export growth remained good

　　 In the first three quarters of 2021, driven by the sustained recovery of the national economy, the introduction of measures to promote consumption and expand domestic demand in various places, and driven by several holiday consumption factors, China's textile and clothing domestic demand market withstood the impact of local epidemic and flood conditions, and the recovery trend was consolidated. According to the data of the National Bureau of statistics, in the first three quarters of 2021, the total retail sales of clothing, footwear, knitwear and textiles above the national quota increased by 20.6% year-on-year, 33% higher than the same period of last year, with an average increase of 2.8% in two years. In the first three quarters, the retail sales of online wear goods increased by 15.6% year-on-year, 12.3 percentage points higher than the same period of last year, with an average growth of 9.3% in two years.

　　 Affected by the recovery of international market demand and the return of some overseas orders, China's textile and clothing exports have maintained a good growth, but due to the reduction of the export scale of epidemic prevention materials, the growth rate of the industry's exports has slowed down. According to the data of China Customs express, in the first three quarters of 2021, China's textile and clothing exports totaled US $227.59 billion, a year-on-year increase of 5.6%, a 6.5% slowdown compared with the first half of the year, and an average growth of 6.2% in two years. The situation of clothing export has improved significantly. In the first three quarters, the clothing export volume reached US $122.41 billion, with a year-on-year increase of 25.3%, which is the highest growth rate in the same period since 2010, with an average growth rate of 4.2% in two years. Since the beginning of this year, the demand for international anti epidemic materials has continued to drop. In the first three quarters, China's export volume of masks and protective clothing decreased by 79.4% year-on-year. Affected by this, the export volume of textiles was US $105.18 billion, a decrease of 10.7% year-on-year, but the average growth rate in two years was still 8.6%.

　　 Steady recovery of enterprise benefits

　　 Investment confidence continued to consolidate

　　 According to the data of the National Bureau of statistics, in the first three quarters, 34000 Textile Enterprises above Designated Size in China achieved an accumulated operating income of 3672.06 billion yuan, a year-on-year increase of 15.6%, an increase of 27.7 percentage points over the same period of last year, and an average increase of 0.8% in two years; The total profit was 171.05 billion yuan, with a year-on-year increase of 31.7%, which was 43.8 percentage points higher than that of the same period of last year, with an average increase of 7.6% in two years; The profit margin of operating revenue was 4.7%, 0.6 percentage points higher than that of the same period of last year. Over 90% of the total textile industry chain showed a good growth trend, with the profit growth rate of over 70% reaching more than 30%. Driven by the rising price of bulk commodities, the total profit of chemical fiber industry in the first three quarters increased by 318% year on year, and the profit margin of operating income reached 6.3%, ranking first in the whole industry chain. In the first three quarters, the turnover rate of finished products and the turnover rate of total assets of textile enterprises above Designated Size in China were 12.8 times / year and 1.1 times / year respectively, accelerating by 8.7% and 8.9% respectively on a year-on-year basis; The proportion of three fees was 6.6%, down 0.4 percentage points over the same period of last year.

　　 The investment confidence of enterprises continued to consolidate and the scale of investment continued to rise. According to the data of the National Bureau of statistics, in the first three quarters, the investment in fixed assets of China's textile industry, chemical fiber industry and clothing industry increased by 13.5%, 29.5% and 3.1% respectively over the same period of last year, and the growth rate increased by 24.8%, 51.8% and 35.8% respectively compared with the same period of last year. The average growth rate of investment in textile industry and chemical fiber industry in two years was 0.3%, and the investment scale has basically recovered to the level before the epidemic.

　　 It is expected to maintain stable operation throughout the year

　　 The development situation is still complicated

　　 In the first three quarters of 2021, China's textile industry has entered a new stage of high-quality development in the "14th five year plan" while repairing the losses caused by the epidemic situation, showing good development toughness and risk resistance ability in the complex and changeable environment. In the fourth quarter, affected by the sharp rise in raw material prices, power and production restrictions in some regions, and high international freight prices, the textile industry's production and operation pressure has increased. However, with the arrival of Christmas export delivery season, domestic "double 11" and new year's day, the industry is still expected to achieve stable development throughout the year.

　　 Looking forward to 2022, the economic operation of the textile industry has the conditions and foundation to be stable and better, but the development situation is still complex. From the external environment, with the popularization of vaccination, the world economy is expected to enter a sustained recovery track; Although there is a regional rebound in the epidemic situation in China, the sustained consolidation of the foundation of macroeconomic development will support the steady growth of domestic demand market, and the holding of the Winter Olympics will further stimulate consumption vitality. However, the global epidemic situation is still evolving, the international supply chain is still not smooth, the improvement momentum of employment and consumption in developed countries has weakened, and the recovery of international market demand is under pressure; Commodity prices are running at a high level, inflation expectations are increasing, and factors of instability and uncertainty are increasing. From the perspective of its own development, China's textile industry still has the advantages of stable, efficient and high-quality manufacturing. However, it is still necessary to resolve the problems such as high price fluctuation of raw materials, structural shortage of labor and difficulty in cost transmission to the terminal, so as to consolidate the foundation of stable development. With the gradual fading of the low base effect, the textile industry will return to the normal recovery track of low economic growth and continuous in-depth transformation and upgrading in 2022.

　　 In the face of complex and changeable situation, the textile industry will continue to actively implement the decisions and arrangements of the Party Central Committee and the State Council, further deepen the supply side structural reform, vigorously promote high-quality development, continue to play a positive role in ensuring stable supply, stimulating domestic demand, improving employment and income, and strive to consolidate the stable and sound foundation of economic operation, We should make due contributions to the good start of the 14th five year plan for China's national economic and social development.

　　 Source: Industrial Economics Research Institute of China Textile Industry Federation