Nylon Filament Fishing Twine 210d/4

Editor's note: Recently, the Industrial Economic Research Institute of China Textile Industry Federation released the economic operation of China's textile industry in 2019. In 2019, the industry prosperity and production started are basically stable, the domestic and foreign markets continue to bear pressure, the benefit and investment pressure are prominent, the development pressure in 2020 increases, but the positive factors still exist. The following is the full report.

In 2019, the development of China's textile industry faces a significant increase in domestic and foreign risk challenges. The whole industry adheres to deepening supply side structural reform, continues to accelerate transformation and upgrading, strives to overcome downward risk pressure, and the overall prosperity and production situation are generally stable. However, under the multiple pressures of slowing down domestic and foreign market demand, more complex trade environment, and continuous improvement of comprehensive cost, the growth momentum of enterprise investment is weak, the level of efficiency is declining, and the main economic operation indicators are slowing down.

Industry prosperity and production started are basically stable

In 2019, the overall prosperity of the textile industry is in the expansion range. According to the survey data of China Federation of textile industry, the prosperity index of textile industry in the fourth quarter is 55.2, which is kept in the expansion range of more than 50, and has recovered from the previous three quarters, reaching the highest prosperity value of the whole year. According to the data of National Bureau of statistics, the capacity utilization rate of textile industry (excluding chemical fiber and clothing) and chemical fiber industry in 2019 is 78.4% and 83.2% respectively, which are higher than the 76.6% capacity utilization level of national industry in the same period. In the whole year, the industrial added value of Enterprises above Designated Size in the textile industry increased by 2.4% year-on-year, lower than 0.5% in 2018. In all links of the industrial chain, the growth of chemical fiber, filament and industrial use industries was stable, with the annual growth rate of industrial added value of 11.9%, 15.6% and 6.9% respectively.

Continuous pressure on domestic and foreign markets

In 2019, the growth rate of China's domestic textile and clothing market slowed down. According to the data of the National Bureau of statistics, in 2019, the retail sales of clothing, shoes and hats, and knitwear products above the designated size were 1351.7 billion yuan, up 2.9% year-on-year, 5.1 percentage points slower than that in 2018; the retail sales of online wear products in China increased 15.4% year-on-year, maintaining a good growth level of two figures, but 6.6 percentage points slower than that in the previous year.

Influenced by the weakening of foreign demand and the rising risk of trade environment, the export situation of textile industry is more severe. According to the data of China's customs, in 2019, the cumulative export amount of China's textiles and clothing was 280.7 billion US dollars, down 1.5% year-on-year, 5.3 percentage points lower than the previous year, but 0.8 percentage points higher than the first three quarters of 2019. From the perspective of product structure, the export value of textiles was US $127.25 billion, up 1.4% year on year; the export value of clothing was RMB 153.45 billion, down 3.7% year on year. From the perspective of one belt, one road is better than the traditional market in the export market. In 2019, the amount of textile and clothing exported to the countries and regions along the belt and road grew by 3.7% over the same period in 2019, while the export volume of the US, Japan and the EU decreased by 6.6%, 4.6% and 4.4% respectively.

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