Customs Data: Brief Introduction To The Operation Of Industrial Textile Industry From January To October

At present, the global economic recovery is plagued by sustained inflationary pressure and intensified geopolitical conflicts; The domestic economy has continued the momentum of continuous recovery, but the constraints of insufficient demand are still prominent. From January to October 2023, the production of China's industrial textile industry will maintain a stable operation, the main economic indicators will show a weak recovery pattern, and the contraction of external demand will keep the growth rate of foreign trade at a low level.

In terms of production, according to the data of the National Bureau of Statistics, from January to October, the production of nonwovens of enterprises above designated size decreased by 3.6% year on year, while the production of cord fabric kept growing, with the production increasing by 7.1% year on year.

In terms of economic benefits, according to the data of the National Bureau of Statistics, from January to October, the operating income and total profit of enterprises above designated size in the industrial textile industry decreased by 6.1% and 28.5% respectively year on year, 0.5% and 1.2% lower than that in the third quarter, respectively, and the operating profit margin was 3.5%, 0.1% higher than that in the third quarter. In terms of fields, from January to October, the operating income and total profit of nonwoven enterprises above designated size decreased by 5.3% and 34.2% respectively year on year, and the operating profit margin was 2.3%, down 1 percentage point year on year; The operating revenue of enterprises above the rope, cable and cable scale rebounded significantly, with a year-on-year growth of 0.8%, the total profit decreased by 46.7%, and the operating profit margin was 2.3%, with a year-on-year decrease of 2.1 percentage points; The operating income and total profit of enterprises above designated size of textile belt and cord fabric decreased by 6.2% and 38.7% respectively year on year, and the operating profit margin was 3.3%, down 1.7 percentage points year on year; The operating income and total profit of enterprises above the scale of awning and canvas decreased by 13.3% and 26.7% respectively year on year, and the operating profit margin was 5.2%, down 0.9 percentage points year on year; The operating income and total profit of other industrial textile enterprises above designated size where filter and geotextile are located decreased by 5.2% and 16.1% respectively year on year, and the operating profit margin of 5.7% is the highest level in the industry.

Growth rate of major economic indicators of industrial textile industry from January to October 2023

Data source: according to the National Bureau of Statistics

In terms of international trade, according to Chinese customs data, the export volume of China's industrial textile industry from January to October 2023 (customs 8-digit HS code statistics) was 32.32 billion US dollars, down 12.9% year on year; From January to October, the industry import volume (customs 8-digit HS code statistics) was 4.37 billion US dollars, down 15.5% year on year. In terms of products, industrial coated fabrics and felt/tents are the two major export products of the industry at present, with exports of 3.77 billion US dollars and 3.27 billion US dollars respectively, down 10.2% and 14% year on year respectively; The overseas demand for nonwovens continued to recover, with the export volume of 1.077 million tons, up 7.1% year on year. However, affected by the decline of export unit price, the export volume was 3.16 billion dollars, down 4.5% year on year; The overseas market of disposable sanitary products (diapers, sanitary napkins, etc.) remained active, with the export volume reaching 2.74 billion US dollars, up 13.2% year on year; Among the traditional products, the decline in the export value of leather base cloth and industrial glass fiber products has narrowed, while the decline in the export value of cord (cable) and belt textiles, canvas, and packaging textiles has deepened to varying degrees; The export volume of wiping cloths (excluding wet wipes) was US $1.16 billion, down 0.9% year on year.

Exports of industrial textiles and major products from January to October 2023

Data source: according to the data of China Customs

(Source: China Industrial Textile Industry Association)