In 2022, the economic operation of China's textile industry will slow down under
In 2022, China's textile industry will face an extremely severe external development environment. Weak market demand, high raw material costs, more complex trade environment and other risk factors will have a great impact on the textile industry, and the pressure on economic operation will increase significantly. The textile industry has fully implemented the decisions and arrangements of the Party Central Committee and the State Council, adhered to the general tone of seeking progress while maintaining stability, actively coordinated the short-term stable operation objectives and the medium and long-term high-quality development tasks, and worked hard to overcome various risks and shocks. Although most of the operation indicators have fallen year-on-year, the decline is small, and the total export volume has reached a new record high, and worked hard to support the stable operation of the national economy and the overall stability of social development It should play its due role in ensuring market supply and helping to improve people's livelihood. 2023 is the first year for the textile industry to fully implement the spirit of the 20th CPC National Congress, and the development situation is still complex and grim. The textile industry still needs to work hard to consolidate the foundation of economic recovery, continue to release the high-quality development potential, and make new contributions to achieving the goal of stabilizing growth, employment and price, and opening a new phase of building a modern textile industry system with high quality.
The overall prosperity of the industry rebounded and the growth rate of production slowed down
In 2022, the overall prosperity of the textile industry will fluctuate due to insufficient market demand, frequent domestic epidemic and high raw material costs. According to the survey data of the China Textile Industry Federation, the comprehensive prosperity index of the textile industry in 2022 will continue to be below the 50 boom and bust line, with 42.6%, 46.3% and 44.3% in the first three quarters respectively. In the fourth quarter, with the adjustment of the national epidemic prevention policy and the seasonal growth of market consumption, the business confidence of textile enterprises improved, driving the industry prosperity index to rise to 47%.
The capacity utilization rate and production growth rate of the textile industry have declined. According to the data of the National Bureau of Statistics, the capacity utilization rate of the textile industry and the chemical fiber industry in 2022 was 77.2% and 82.3% respectively, down 2.3 and 2.2 percentage points from the previous year, but still higher than the national industrial capacity utilization level in the same period. In 2022, the industrial added value of enterprises above the designated size in the textile industry decreased by 1.9% year-on-year, and the growth rate fell by 6.3 percentage points compared with 2021. The industrial added value of chemical fiber, wool textile, hemp textile, filament weaving, industrial textiles and other sub-industries in the textile industry chain achieved positive growth year-on-year.
The domestic market resumed pressure, and the total export volume reached a new high
In 2022, the domestic sales pressure of the textile industry will continue to increase due to factors such as the slow growth of residents' income and the slow recovery of consumption scenarios. According to the data of the National Bureau of Statistics, in 2022, the retail sales of clothing, shoes and hats, needles and textiles above the designated size nationwide will decrease by 6.5% year on year, and the growth rate will continue to be negative since March; The retail sales of online wear goods increased by 3.5% year on year, 4.8 percentage points slower than that of 2021, but it has continued to increase since June. The consumption of sports, outdoor, health care and other clothing and clothing still has good growth resilience.
In 2022, China's total exports of textiles and clothing reached a new high and remained above US $300 billion for the third consecutive year. The increase in export prices played an important supporting role. According to China's customs data, China's total textile and clothing exports in 2022 reached 340.95 billion US dollars, up 2.5% year on year. Among the main export products, the export value of textiles reached US $156.84 billion, up 1.4% year on year. The export of textile fabrics, chemical fiber and other industrial chain supporting products is an important growth point; The export value of clothing reached US $184.11 billion, up 3.4% year on year. Among the major export markets, China's textile and clothing exports to the United States, the European Union and Japan decreased by 5.4%, 1.1% and 0.2% respectively year on year, while the growth rate of textile and clothing exports to markets along the "the Belt and Road" and RCEP trade partners reached 11.3% and 9.7% respectively.
The pressure on quality and efficiency improvement is increasing, and the investment situation is basically stable
In 2022, under the supply and demand environment of "high cost and weak demand", the sales and profit pressure of the textile industry will continue to increase. According to the data of the National Bureau of Statistics, in 2022, the operating income and total profit of 36000 textile enterprises above designated size nationwide will decrease by 0.9% and 24.8% respectively year on year, and the operating income margin will be 3.9%. In the textile industry chain, the total profit of wool textile and home textile industries has achieved positive growth, while the total profit of other sub-industries has decreased.
Despite the significant increase in development pressure, the backbone textile enterprises still adhere to accelerating the transformation and upgrading, actively expand the investment in intelligent and green transformation and upgrading, orderly promote the optimization and adjustment of regional layout, and achieve stable investment growth. In 2022, the investment in fixed assets in China's textile, chemical fiber and clothing industries increased by 4.7%, 21.4% and 25.3% respectively year on year.
Actively respond to the complex situation and open a new phase of building a modern textile industrial system
2023 is the first year to fully implement the spirit of the 20th CPC National Congress, and also the starting year for the textile industry to move towards the new goal of comprehensively building a modern industrial system. In general, the development situation facing the textile industry is still complex and severe. On the one hand, the short-term operation of the industry is facing multiple risks such as changes in the international situation, slow recovery of terminal demand, and the benefit gap to be filled; On the other hand, promoting high-quality development in the industry in the medium and long term still needs to achieve new effective breakthroughs in optimizing the supply structure, improving risk prevention and control capabilities, and improving total factor productivity.
But at the same time, the economic operation of the textile industry still has the basic conditions for stable recovery. From the external perspective, China's epidemic prevention and control has entered a new stage, the order of production and life has been restored in an orderly manner, the "stable growth" series of policies have continued to work effectively, the steady improvement of macro fundamentals, the comprehensive recovery of consumption scenarios, the constantly released potential of domestic demand and the stable and favorable policy environment will all provide positive support for the smooth internal circulation of the textile industry. In the context of upgrading domestic demand, China's textile and clothing self owned brand enterprises have the opportunity to grasp the window period of market brand pattern adjustment under the background of enhanced cultural self-confidence, fully tap the growth potential of China-Chic, green, new channels and other consumption hotspots, and promote the formation of a benign interaction between production and demand. From its own point of view, the efficient and stable operation of China's complete textile industry chain supply chain is still outstanding. After three years of epidemic testing, the development resilience has been continuously strengthened, laying a solid foundation for the industry to smoothly integrate into the national economic cycle and effectively respond to external risks and challenges.
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