Industry Data: Operation Profile Of Industrial Textile Industry In The First 11 Months Of 2024

In 2024, the global economy will maintain a medium to low growth rate, and the recovery process will still face many unstable and uncertain factors, such as geopolitical tensions, rising risks of trade protectionism, etc; The overall economic operation of China is stable and progressive. The continuous release of the combined effect of stock policy and incremental policy forms a strong support for economic development. In 2024, the economic operation of China's industrial textile industry will show a recovery growth and steady recovery trend, and a number of major economic indicators will rebound. According to the survey of key member enterprises conducted by the Association, the prosperity index of China's industrial textile industry from January to November 2024 is 68.4. After experiencing the low tide in 2023, enterprises are generally satisfied with the operation in 2024.

　　 In terms of production, According to the data of the National Bureau of Statistics, from January to November 2024 Nonwovens The output increased by 4.7% year on year; Continuous release of consumption potential in automobile market Cord fabric The output increased by 7.6% year on year, and the production growth slowed down compared with the first half of the year.

　　 Economic benefits ， According to the data of the National Bureau of Statistics, from January to November 2024, the operating income and total profit of enterprises above designated size in the industrial textile industry increased by 5.5% and 16.4% year on year respectively, and the operating profit margin was 4.2%, an increase of 0.4 percentage points year on year. The profitability of the industry has improved, but there is still a large gap compared with that before the epidemic.

By field, January November Nonwovens industry The operating income and total profit of enterprises above designated size increased by 3.1% and 26.5% year on year respectively, and the operating profit margin was 3.3%, up 0.6 percentage points year on year; Rope, cable and cable industry The operating income and total profit of enterprises above designated size increased by 13.9% and 21.8% year on year respectively, and the operating profit margin was 3.4%, up 0.2 percentage points year on year; Textile belt and cord fabric industry The operating income and total profit of enterprises above designated size increased by 9.8% and 17.2% year on year respectively, and the operating profit margin was 3.2%, up 0.2 percentage points year on year; Awning and canvas industry The operating revenue of enterprises above designated size increased by 1% year on year, the total profit decreased by 9.6% year on year, and the operating profit margin was 4.8%, down 0.6 percentage points year on year; Filter, geotextile Textile industry for other industries The operating income and total profit of enterprises above designated size increased by 8.3% and 17.7% respectively year on year. At present, the operating profit margin of 6.4% has basically recovered to the pre epidemic level, with a year-on-year increase of 0.5 percentage points.

　　 International trade ， According to Chinese customs data (customs 8-digit HS code statistics), From January to November 2024, the export volume of industrial textiles industry was 37.43 billion US dollars, with a year-on-year growth of 5.9% The import volume was US $4.61 billion, down 3.6% year on year.

By product, Industrial coated fabrics To maintain the leading position in the export volume of the industry, the export volume from January to November reached 4.6 billion US dollars, up 11.6% year on year; Nonwovens The export volume jumped to the second place in the industry, reaching 3.66 billion US dollars, up 5.5% year on year, and the export volume reached 1.371 million tons, up 14.7% year on year; Felt/tent The export volume of was 3.61 billion US dollars, up 2.6% year on year; Disposable sanitary articles (diapers, sanitary napkins, etc.) The export volume reached 3.23 billion US dollars, up 7.1% year on year; Traditional products product Among them, the export volume of canvas, industrial glass fiber products and cord (cable) textiles increased by 9.2%, 8.2% and 2.3% respectively year on year, while the export volume of packaging textiles and leather based fabrics decreased by 1.7% and 3.4% respectively year on year; Wiping cloth (excluding wet wipes) and Wet towel The export volume reached 1.57 billion US dollars and 840 million US dollars respectively, up 22.3% and 25.4% year on year respectively.

(Source: China Industrial Textile Industry Association)