Economic Operation Of China'S Industrial Textiles Industry In 2019

In 2019, China's industrial textiles industry insisted on innovation orientation, actively promoted the transformation and upgrading of the industry and structural reform, fully developed domestic and foreign markets, and worked hard to overcome the downward pressure on the economy. According to the National Bureau of statistics, the growth rate of industrial added value of Enterprises above Designated Size in 2019 was 6.9%, higher than that of the manufacturing industry, leading to a leading level in the textile industry.

In terms of production, the demand for nonwovens continued to be strong worldwide in 2019. The annual output of non-woven fabrics of Enterprises above Designated Size reached 5 million 30 thousand tons, an increase of 9.9% over the same period last year. The downturn in the auto industry has also affected related industries. In 2019, the output of cord fabrics was 623 thousand tons, down 7.4% from the same period last year.

In terms of economic efficiency, the main business income of China's industrial textile enterprises above Designated Size reached 235 billion 930 million yuan in 2019, an increase of 1.2% over the same period last year, with a total profit of 11 billion 880 million yuan, a decrease of 4.3% over the same period last year. The average profit margin of enterprises was 5.9%, 0.3 percentage points lower than that of the same period last year. In 2019, due to the low price of the main raw materials and the implementation of the national tax reduction and tax reduction policy, the gross profit margin and operating profit margin of the industrial textile industry increased by 0.5 percentage points. However, the changes in off the road revenue and expenditure resulted in a decrease in the profit level of the industry. In 2019, the division of business between enterprises continued to expand, and the deficit of Enterprises above Designated Size reached 12%, and the deficit of loss making enterprises increased by 29.4% over the same period last year.

According to the industry, the main business income of the above scale nonwovens enterprises increased by 2.9% in 2019, and the gross profit margin increased by 0.3 percentage points, but the total profit and profit margin decreased by 3.8% and 0.4 percentage points respectively. The profitability of the canvas and canvas industry has been improved, and the growth of main business revenue and total profit has decreased by 2.9% and 0.4% respectively, but gross profit margins and profit margins have increased by 1.5 and 0.3 percentage points respectively. The main business revenue growth slowed down by 2.3% and 3.6% respectively, and the total profit growth rate decreased by 18.2% and 9.7% respectively. The main business revenue of other industrial textiles (including filtration, geotechnical engineering, safety protection, transportation and composite materials) increased by 3.7%, total profit decreased by 1.7%, gross profit margins and profit margins reached 16.1% and 7.2% respectively, leading to a leading level in the industry.

In terms of international trade, the value of China's export industrial textiles in 2019 was $27 billion 340 million, an increase of 2.1% over the previous year, and imports of US $6 billion 730 million, down 5.7% from the same period last year. From the main products market, industrial coated fabrics, nonwovens and felt / tents are the top three export products. The export volume increased by 0.4%, 5.4% and 2.7% respectively, accounting for more than 30% of total exports of industrial textiles, of which the export volume of nonwoven fabrics was 1 million 51 thousand tons, up 9.1% over the same period, while the export volume of industrial coated fabrics and felt / tents decreased respectively. It dropped by 3.2% and 1.2%. Exports of disposable health products continued to be active, while exports and exports increased by 16% and 18.8% respectively over the same period last year. From the export prices of products, 4 of the top ten products have a small increase in export unit price, of which the increase in the number of rope belts is 5.2%, while the export prices of the rest products show a slight decline. On the whole, quantity is still the main factor to promote the growth of China's industrial textiles exports.

From the main export market, the US is still China's largest export market, with its export volume reaching US $3 billion 700 million, which is affected by trade friction. Its export volume has dropped by 9.1% over the same period last year. Vietnam has overtaken Japan as the second largest exporter, and its exports grew by 10.1% over the same period last year. The exports to the two countries of Japan and South Korea were basically the same as that of the same period last year. The export of the countries along the belt is becoming an important driving force for the export growth of the industry. In 2019, the export volume of China's industrial textiles to the countries along the belt and road reached US $10 billion 850 million, an increase of 7.1% over the same period last year, of which the increase in exports and exports of nonwovens reached 16.7% and 18.9% respectively.

In 2020, the year of building a moderately prosperous society in an all-round way and ending the "13th Five-Year" plan, the "new crown" epidemic at the beginning of the year brought great uncertainty to the development of the global economy. The internal and external development environment faced by China's industrial textiles industry is more and more complicated. At the same time, the production and investment of products such as masks, medical protective clothing and disinfectant wipes brought by the epidemic have increased rapidly. The government has issued a series of supporting policies for the epidemic to help enterprises to bail out. These positive factors are beneficial to ease the development pressure of the industry. It is estimated that the production and sales of China's industrial textiles industry will decline to a certain extent in the first half of 2020. The situation will improve in the second half of the year, and the annual production, sales and exports will maintain a slight growth.