Analysis on the market development of China's industrial textiles
One belt, one road along the border, becoming a new economic growth point of the industry.
In 2019, China's industrial textile industry adheres to the innovation orientation, actively promotes the transformation and upgrading of the industry and structural reform, fully exploits domestic and foreign markets, strives to overcome the downward pressure of the economy, and makes steady progress throughout the year. In 2019, the industry realized an operating revenue of RMB 235.93 billion, a slight increase of 1.87% over the previous year.
In 2019, the industry achieved a revenue of RMB 235.93 billion
According to the data of the National Bureau of statistics, in 2019, the growth rate of industrial added value of Enterprises above the industrial scale was 6.9%, higher than the average value of manufacturing industry, which was at the leading level in the textile industry.
In 2019, the global demand for nonwovens continued to be strong, and the annual output of nonwovens of Enterprises above the industry scale reached 5.03 million tons, up 9.9% year on year. The depressed automobile industry also affected the related supporting industries. In 2019, the output of cord fabric was 623000 tons, down 7.4% year on year.
From the change of business income, according to the statistics of China Association of industrial textiles industry, the main business income of China's industrial textiles industry decreased from 289.75 billion yuan in 2017 to 235.93 billion yuan in 2019.
In 2019, the growth rate of total industry profits has declined
From the perspective of profitability, in 2019, due to the low price operation of main fiber raw materials and the implementation of the national tax reduction policy, the gross profit margin and operating profit margin of the industrial textile industry increased by 0.5 percentage points, but the change of non operating income and expenditure led to the reduction of the industry's profit level. According to statistics, in 2019, China's industrial textiles industry realized a total profit of 11.88 billion yuan, a year-on-year decrease of 4.3%, and the average profit margin of enterprises was 5.9%, a year-on-year decrease of 0.3 percentage points.
In terms of sub industries, in 2019, the main business income of nonwovens above designated size increased by 2.9%, but the total profit decreased by 3.8%; the profitability of awning and canvas industries improved, and the growth of main business income and total profit decreased by 2.9% and 0.4% respectively, but the gross profit rate and profit margin increased by 1.5 and 0.3 percentage points respectively; Influenced by market demand and other factors, the growth rate of main business income decreased by 2.3% and 3.6% respectively, and the growth rate of total profit decreased by 18.2% and 9.7% respectively; The main business income of other industrial textiles (including filter, geotechnics, safety protection, transportation and composite materials) increased by 3.7%, the total profit decreased by 1.7%, the gross profit margin and profit margin reached 16.1% and 7.2% respectively, ranking the leading level in the industry.
"One belt, one road" has a 37.73% share of the total exports.
With regard to one belt, one road ahead of the other countries and the main developed countries have made great progress in the field of foreign trade. According to statistics, from 2016 to 2019, the total export volume of China's industrial textiles industry has maintained an overall upward trend, while the total import volume has declined. According to the latest data released by China Association of industrial textiles industry, the value of industrial textiles for import and export reached US $6.15 billion and US $24.83 billion respectively from January to November 2019.
From the perspective of major export markets, although there are still many uncertainties in trade frictions between China and the United States, the United States is still the largest exporter of industrial textiles in China, with an export volume of 3.4 billion US dollars. Vietnam has surpassed Japan as the second largest exporter, with an increase of about 8% year-on-year. The exports to Japan and South Korea are basically the same as that of the same period last year, and to Russia, the Philippines, Thailand and other countries The export volume of China's GDP increased to different degrees. One belt, one road, one belt, one road, is the most important driving force for China's industrial textiles exports. Since 2013, China's industrial textiles have increased their share of exports to the "one belt" along the 32.64% routes to 37.73%.
One belt, one road, will continue to rely on the huge domestic demand market in 2020. With the deepening of consumption upgrading, China's industry textiles industry will actively explore the international market, especially along the "one belt and one road" market, and further enhance the competitiveness of the industry through technological innovation, intelligent manufacturing and meticulous management, and resolve the risks brought about by the uncertainty of macro environment at home and abroad, and ensure the smooth operation of the industry. Healthy development.
