From January to July 2022, the world economic recovery slowed down and domestic epidemics occurred frequently. The production and demand of my country’s industrial textile industry are still in the recovery process. The industrial added value of the industry continues to grow, but the growth rate of major economic indicators is still At a low level, downward pressure on the industry still exists.
In terms of production, according to data from the National Bureau of Statistics, from January to July, the output of nonwovens and cord fabrics of enterprises above designated size fell by 0.7% and 3.5% year-on-year respectively, with both declines narrowing.
In terms of economic benefits, from January to July, the operating income and total profits of enterprises above designated size in the industrial textile industry decreased by 0.5% and 15.0% year-on-year respectively, and the profit margin was 4.6%, a year-on-year decrease of 0.8 percentage points. In terms of sectors, from January to July, the operating income and total profit of nonwovens enterprises above designated size fell 4.3% and 37.1% year-on-year respectively, and the profit margin was 3.4%, down 1.8 percentage points year-on-year; the operating income and total profit of enterprises above designated size in ropes, ropes, and cables Operating income decreased by 0.2%, total profits increased by 1.4% year-on-year, and profit margins were 5.1%, an increase of 0.1 percentage points year-on-year; operating income and total profits of enterprises above designated size in textile belts and cord fabrics decreased by 2.8% and 10.6% year-on-year respectively, with profit margins was 5.4%, a year-on-year decrease of 0.5 percentage points; the operating income and total profits of tent and canvas enterprises above designated size increased by 10.5% and 36.0% respectively year-on-year, and the profit margin of 6.1% was the highest level in the industry; other industries including filtration and geotextiles The operating income and total profit of textile enterprises above designated size increased by 4.3% and 4.0% year-on-year respectively, with a profit margin of 5.7%, which was basically the same as the same period in 2021.
Main economic indicators for the operation of the industrial textiles industry from January to July 2022 (above scale)
Data source: Compiled from data from the National Bureau of Statistics
In terms of listed companies, in the first half of 2022, the operating income of 28 listed companies in the industrial textiles industry increased by 6.8% year-on-year, and total profits fell by 15.8% year-on-year, which was significantly narrower than in the first quarter. Among them, 8 listed companies achieved both growth in operating income and total profits. The performance pressure of listed companies in nonwovens and medical and sanitary textiles has eased. Listed companies in canopy and sail textiles have good development momentum.
In terms of international trade, according to China Customs data, the export volume of my country’s industrial textile industry from January to July 2022 (customs 8-digit HS code statistics) was 26.98 billion U.S. dollars, a year-on-year decrease of 12.1%, and the decline was compared with January to June. Continued to narrow; from January to July, the industry’s import volume (customs 8-digit HS code statistics) was US$3.67 billion, a year-on-year decrease of 14.2%. In terms of products, industrial coated fabrics such as tarpaulins and sunshade cloths surpassed felt fabrics/tents to become the largest export product in the industry. The export value reached 3.02 billion US dollars, a year-on-year increase of 30.4%. The export value of felt fabrics/tents was 30.1 billion US dollars. billion, a year-on-year increase of 14.8%; the export value of traditional products such as cords (cables), textiles, canvas, and leather base fabrics increased by 17.0%, 31.8%, and 18.8% respectively year-on-year. In terms of nonwovens and related products, exports of coiled materials were US$2.38 billion, down 12.7% year-on-year, and export volume was 719,000 tons, down 14.0% year-on-year; the export values of masks and chemical fiber nonwoven protective clothing (including medical protective clothing) were respectively Year-on-year decreases of 69.1% and 57.0%; exports of disposable sanitary products were US$1.64 billion, a year-on-year increase of 19.6%.
Industrial textiles industry and exports of main products from January to July 2022
Data source: Compiled from China Customs data
Currently, global inflation continues to spread and worsen, the geopolitical situation becomes protracted, domestic epidemics recur, and market demand lags in recovery, posing many challenges to the smooth operation of the industrial textiles industry. However, the industry has obvious characteristics of strong economic resilience, high technological content, and wide application areas, and its long-term positive fundamentals have not changed. In the second half of the year, under the influence of a series of policies and measures to prevent the epidemic, stabilize the economy, and ensure development security, the economy, production and trade of the industrial textile industry are expected to continue to recover.
Note: Since January 1, 2022, the customs codes of some commodities in the industrial textiles industry have been adjusted. Due to the lack of year-on-year data of the same caliber, the year-on-year growth rate data of industry imports and exports released in this issue are for reference only.
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