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    China'S Textile Industry Economy Continued To Be Under Pressure In The Past Three Quarters

    2022/11/4 0:58:00 20

    Economical Operation



    Since 2022, due to the complex and severe macro situation at home and abroad and multiple factors beyond expectations, the pressure on both ends of supply and demand of China's textile industry has been superimposed, and the economic operation has slowed down. However, since the third quarter, with the implementation of the national economic stabilization package and successive policies and measures, the operating environment of the textile industry has become stable and the domestic demand market has gradually improved. Looking forward to the fourth quarter and 2023, various uncertain and unstable factors still exist, and the development pressure is still prominent. The textile industry will adhere to the in-depth structural adjustment, accelerate the transformation and upgrading, steadily release the development toughness and anti risk ability, and strive to promote the high-quality development of the industry and achieve new results under the complex situation.

    The growth rate of production and sales slowed down, and the overall prosperity continued to bear pressure

    Since 2022, due to the slowdown of world economic recovery and the frequent occurrence of domestic epidemic situation, the domestic and foreign market demand for textiles and clothing is generally weak compared with last year. With the influence of high fluctuation of raw material prices, the growth rate of production and sales of textile industry is generally slowing down. According to the data of the National Bureau of statistics, in the first three quarters of 2022, the capacity utilization rates of China's textile industry and chemical fiber industry were 77.6% and 83.3%, respectively, which were about 2% lower than the same period of last year, but still higher than the 75.5% capacity utilization level of national industries in the same period. The industrial added value of textile enterprises above Designated Size in China decreased by 0.4% year-on-year, the operating income increased by 3.1% and the total profit decreased by 23.6% year-on-year, and the growth rate slowed down compared with the same period of last year. From the perspective of the whole industry chain, the middle and lower reaches of printing and dyeing, filament weaving, clothing and other sub industries have a good overall situation, and the production and marketing indicators have achieved positive growth; Although the production and marketing scale of home textile industry has shrunk, the profit situation is stable; The price of raw materials and chemical fiber industry are difficult to transmit along the upstream of the cotton industry.

    In the case of slowing down the pace of production and marketing, the comprehensive prosperity of the textile industry continues to bear pressure. According to the survey data of China Federation of textile industry, the prosperity index of textile industry in the third quarter was 44.3%, which continued to be in the contraction range, falling 2% compared with the second quarter, but rising by 1.7% compared with the first quarter.

    The domestic market improved and the total export increased steadily

    In the first three quarters, affected by the epidemic situation, the growth rate of domestic demand for textiles and clothing slowed down compared with the same period of last year, but there were still some hot spots in the market, such as Guochao brand, sports health and so on. In the third quarter, with the steady growth of the country and the promotion of consumption policy, the domestic sales of textiles and clothing showed a trend of improvement and improvement. Since June, the index growth rate has gradually rebounded. According to the National Bureau of statistics, in the first three quarters, the retail sales of clothing, footwear, knitwear and textiles above the quota decreased by 4% year-on-year, 2.5% lower than that in the first half of the year. Online retail channels maintained a steady growth. In the first three quarters, the retail sales of online wear goods increased by 4.7% year-on-year, 2.3 percentage points faster than that in the first half of the year.

    Driven by the factors of raw material driven price rise of finished products, the export of textile industry has a good growth trend, and the total export volume has reached a record high. According to China Customs data, China's textile and garment exports totaled US $248.35 billion in the first three quarters, up 9.1% year-on-year, and the growth rate was 3.6 percentage points higher than that of the same period of last year. Among the major categories of products, the export volume of textiles was 114.33 billion US dollars, an increase of 8.7% year-on-year; The export volume of clothing was 134.02 billion US dollars, up 9.4% year on year. Among the main export markets, China's textile and clothing exports to the United States, the European Union and Japan increased by 2.4%, 9.5% and 2% respectively, and the export volume to the markets along the "belt and road" and RCEP trading partners increased by 17.7% and 15.6% respectively.

    Complex situation tests development toughness and starts a new journey of high quality development

    In the first three quarters of this year, China's textile industry actively resisted the downward pressure of risk, and made great efforts to repair the epidemic losses under pressure, showing good development resilience. In the fourth quarter, although the external situation is still very complex, with the further implementation of national policies and measures and the arrival of traditional consumption peak seasons such as national day and "double 11", the economic operation situation of the textile industry is expected to remain basically stable under the support of the domestic large cycle.

    Looking forward to 2023, the development environment of textile industry will become more complex and severe. From the external point of view, with the complex evolution of the international political situation and the increase of economic recovery constraints such as high inflation, there is a high degree of uncertainty in the international market prospect, the intensified market competition and the rise of foreign trade environment risks, which will form a new round of tests on the anti risk ability of textile enterprises. But from the domestic point of view, the textile industry still has the basic conditions to achieve stable development. China's textile industry still needs a large-scale development to ensure the sustainable development of China's socialist economy. Since the third quarter, the operation of the national economy has recovered and positive factors have accumulated, which is conducive to further smooth the circulation of the industrial chain based on the domestic demand of the textile industry. Although the restricted factors such as limited consumption scene and insufficient consumption confidence caused by the epidemic situation are difficult to be completely eliminated in the short term, there is still room for development for the combination of national tide, big health, sustainable consumption hot spots and textile industry.

    On the whole, the pressure on the textile industry to maintain a stable operation in 2023 is still great. Deepening the transformation and upgrading, improving the development toughness and resolving the risks and challenges are still the development themes of the industry. The textile industry will fully implement the spirit of the 20th National Congress of the Communist Party of China and the decision-making and deployment of the State Council, adhere to the general keynote of "seeking progress in stability", comprehensively coordinate the high-quality development priorities of science and technology, fashion and green, strive to consolidate the foundation of stable economic recovery, constantly activate the high-quality development potential, and continue to give full play to the textile industry in ensuring production supply, stimulating domestic demand vitality, and promoting the development of high-quality We should improve the positive role of employment and income, and make due contributions to the realization of the goal of stable operation of China's national economy and the opening of a new journey of building a socialist modern country in an all-round way with high quality.


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