Analysis On The Operation Of China'S Industrial Textiles Industry From January To May 2021

In 2020, driven by the demand for epidemic prevention materials, China's industrial textiles industry has experienced a round of rapid growth, which has accumulated a large base for the development of the industry in 2021; At the same time, with the change of the global epidemic situation, the demand for epidemic prevention materials has been greatly reduced. The growth rate of mask, protective clothing and related raw and auxiliary materials industry will significantly slow down in 2021, driving the growth rate of the main economic indicators of the whole industry to decline.

From January to may 2021, the industrial added value of Enterprises above Designated Size in China's industrial textiles industry will decrease by 11.9% year on year, with an average increase of 15.2% in two years; The output of nonwovens from enterprises above Designated Size reached 2.449 million tons, up 9.2% year on year, and the output of cord fabric was 327000 tons, up 32.3% year on year; The operating revenue of Enterprises above Designated Size reached 117.51 billion yuan, an increase of 0.3% over the same period of last year. The total profit was 7.02 billion yuan, down 54.5% year on year, and the profit margin was 6.0%, with a year-on-year decrease of 7.2 percentage points.

From January to may, the operating income and total profit of Nonwovens Enterprises above designated size decreased by 7.7% and 67.8% respectively year-on-year, and the profit margin was 6.2%, with a year-on-year decrease of 11.5 percentage points; The operating income and total profit of the enterprises above the scale of rope, cable and cable increased by 24.6% and 43.6% respectively year-on-year, and the profit margin was 4.2%, with a year-on-year increase of 0.6 percentage points; The operating income and total profit of textile belt and cord fabric Enterprises above designated size increased by 28.2% and 198.0% respectively year-on-year, and the profit margin was 5.7%, with a year-on-year increase of 3.3 percentage points; The operating income and total profit of Enterprises above awning and canvas scale increased by 37.4% and 63.3% respectively year-on-year, and the profit margin was 6.2%, with a year-on-year increase of 1.0 percentage points; The operating income and total profit of Enterprises above the designated scale of textile for medical and health, filtration and geotechnical textiles decreased by 10.3% and 53.5% respectively on a year-on-year basis. The profit margin was 6.0%, with a year-on-year decrease of 5.6 percentage points.

In terms of international trade, from January to may, the export value of nonwovens, special yarns, yarns, ropes, cables, cables and their products (Chapter 56 products of customs commodity comprehensive classification) was 3.52 billion US dollars, with a year-on-year increase of 46.4%, including 2.04 billion US dollars of nonwovens, a year-on-year increase of 54.9%, and 627000 tons, a year-on-year increase of 52.2%; The export volume of industrial textiles (Chapter 59 products of comprehensive classification of Customs commodities) was 3.5 billion US dollars, up 38.0% year on year. In terms of the export of epidemic prevention materials, the export of chemical fiber nonwovens protective clothing (including medical protective clothing) was 1.43 billion US dollars, a year-on-year decrease of 34.5%; The export of unlisted textile products (including masks) was 6.01 billion US dollars, down 75.1% year on year.

At present, with the continuous improvement of vaccination rate and the global market demand, there are two distinct development trends in the field of anti epidemic materials and non epidemic prevention materials in the industrial textiles industry. The development of anti epidemic materials related fields in the industry has gradually returned to the pre epidemic level. From January to may, the profitability of these fields continued to decline significantly, but the average growth rate of the total profits of enterprises on Nonwovens scale in two years still reached 24.6%; The recovery of non epidemic prevention materials has continued, and most of them have recovered or even better than the level before the epidemic. However, the rise in the cost of raw materials, labor, freight and other factors makes the recovery of these areas still face greater pressure. It is expected that in the rest of this year, the total profit of the industrial textiles industry will continue to decline compared with the same period last year, but the profit margin will be better than that before the epidemic.

Note: the average growth rate of two years is calculated by geometric average method based on the data of the same period in 2019.

(source: China Industrial Textiles Association)