Industry Data: Analysis On The Operation Of Industrial Textile Industry In The First Two Months

In the first two months of 2024, the global economic situation is relatively stable, and the manufacturing industry is gradually getting rid of the weak state; With the continuous recovery of the domestic economy from the macro combination policy and the strong driving force of the Spring Festival holiday, the national economy started steadily and rose steadily. From January to February 2024, the growth rate of industrial added value of the industrial textile industry turned positive for the first time since the negative growth occurred in January to February 2023, and the industry economy started well, with both quantity and efficiency increasing.

In terms of production, according to the data of the National Bureau of Statistics, the nonwoven production of enterprises above designated size in January and February increased by 6.2% year on year, the market vitality gradually recovered, and the production supply picked up simultaneously; With the increase of new car production and car ownership, the production of cord fabric increased by 17.1% year on year.

In terms of economic benefits, according to the data of the National Bureau of Statistics, the operating income and total profit of enterprises above designated size in the industrial textile industry increased by 5.7% and 11.5% year on year respectively in January and February, and the industry profits returned to the rising channel, with an operating profit margin of 3.4%, up 0.2 percentage points year on year.

In terms of fields, in January and February, the operating income and total profit of enterprises above designated size of nonwovens decreased by 1.9% and 14% respectively year on year, and the operating profit margin was 2.3%, down 0.3 percentage points year on year; The profitability of enterprises above the rope, cable and cable scale has recovered significantly, with operating revenue increasing 26.4% year on year, total profit increasing 92.2% year on year, and operating profit margin of 2.3%, up 0.8 percentage points year on year; The operating income and total profit of enterprises above designated size of textile belt and cord fabric increased by 12% and 3.1% respectively year on year, and the operating profit margin was 1.6%, down 0.1 percentage point year on year; The operating income and total profit of enterprises above the scale of awning and canvas increased by 9.7% and 43.2% year on year respectively, and the operating profit margin was 5.1%, an increase of 1.2 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 increased by 12.9% and 25.1% year on year respectively, and the operating profit margin of 5.6% is the highest level in the industry.

Data source: according to the National Bureau of Statistics

In terms of international trade, according to Chinese customs data (customs 8-digit HS code statistics), the export volume of China's industrial textile industry in January and February 2024 was 6.49 billion US dollars, up 12.8% year on year; In January and February, the import volume of the industry was US $700 million, down 10.1% year on year.

In terms of products, industrial coated fabrics and felt/tents are the top two export products of the industry at present, with export volume of US $800 million and US $720 million respectively, up 21.5% and 7% year on year respectively; The global market has a strong demand for Chinese nonwovens, with an export volume of 219000 tons, up 25% year on year, and an export volume of 610 million dollars, up 10.4% year on year; The overseas market of disposable sanitary products (diapers, sanitary napkins, etc.) remained active, with an export volume of US $540 million, up 14.9% year on year, of which the export volume of adult diapers grew significantly, up 33% year on year; Among traditional products, the export volume of canvas and leather base cloth increased by more than 20% year on year, and the export volume of cord (cable) and belt textiles, industrial fiberglass products, and packaging textiles also increased to varying degrees year on year; The overseas demand for wipes kept growing. The export of wipes (excluding wipes) was 250 million US dollars, up 34.2% year on year, and the export of wipes was 150 million US dollars, up 55.2% year on year.

(Source: China Industrial Textile Industry Association)