In 2021, the garment industry will face difficulties and challenges such as volatile market conditions, constant external interference factors, weak domestic demand, soaring freight rates, and rising raw material prices. Jiangsu garment enterprises will focus on high-quality development, seek innovation, change, and development, and have the courage to By pioneering, working hard, and actively adapting to market changes, the industry continued to recover and showed strong development resilience. As the Jiangsu Provincial Government continues to implement and implement the “six stability” and “six guarantees” work, a series of policies such as social security reduction and exemption, tax reduction and fee reduction, and the support of governments at all levels, it will further ensure the recovery and stable growth of the regional economy, and clothing production will continue to rebound. , corporate profits gradually improved, and the overall economy of Jiangsu’s garment industry achieved stable and healthy operation.
1. Economic operation of Jiangsu garment industry
(1) Clothing production and sales have recovered steadily, and the quality and efficiency of industry operations have gradually improved.
In 2021, Jiangsu’s garment industry will gradually stabilize production and sales, driven by positive factors such as the recovery of domestic and foreign market demand and the return of overseas orders.
According to data from the Jiangsu Provincial Bureau of Statistics, the main economic indicators are as follows:
1. There are 1,557 enterprises above designated size in Jiangsu’s garment industry in 2021
2. Operating income was 186.3 billion yuan, a year-on-year increase of 6.45%
3. Operating costs were 161.52 billion yuan, a year-on-year increase of 6.99%
Figure 1 2019-2021 operating income
4. The asset-liability ratio is 55%, a year-on-year increase of 0.8 percentage points
5. Total profit was 7.31 billion yuan, a year-on-year increase of 9.72%
6. Operating income profit margin was 3.9%, a year-on-year increase of 0.1 percentage point
Figure 2. Total profit from 2019 to 2021
7. Total asset profit rate was 4.4%, a year-on-year increase of 0.3 percentage points.
8. The export delivery value was 41.6 billion yuan, a year-on-year increase of 3.63%.
Figure 3. Export delivery value from 2019 to 2021
(2) Sales of clothing products in units above designated size increased steadily
According to data from the Jiangsu Provincial Bureau of Statistics: Driven by factors such as pro-consumption policies, Jiangsu’s clothing market sales have improved significantly in 2021. Retail sales of clothing commodities in units above designated size have grown steadily, and online consumption has continued to play a prominent role in stimulating the domestic demand market. In 2021, the retail sales of clothing above designated size will be 102.21 billion yuan, a year-on-year increase of 18.8%. According to data from the National Bureau of Statistics, from January to December, the total retail sales of clothing products of enterprises above designated size in my country was 997.46 billion yuan, a year-on-year increase of 14.2%. The retail sales of clothing products of enterprises above designated size in Jiangsu accounted for 10.25% of the country’s total, and the growth rate was higher than that of 4.6 countries nationwide. percentage point.
(3) Fixed asset investment scale recovered steadily
According to data from the Jiangsu Provincial Bureau of Statistics: the completed fixed asset investment in Jiangsu’s clothing and apparel industry will increase by 12.8% year-on-year in 2021, and the textile industry will increase by 5.3% year-on-year. According to data from the National Bureau of Statistics, the completion of fixed asset investment in my country’s garment industry in 2021 will increase by 4.1% year-on-year, and Jiangsu’s growth will be 8.7 percentage points higher than the national level.
2. Jiangsu Province’s proportion of clothing scale in the country
Main economic indicators:
1. Jiangsu’s operating income in 2021 was 186.3 billion yuan, accounting for 12.57% of the national operating income of 1.48233 billion yuan.
2. Jiangsu’s clothing output was 2.257 billion pieces, accounting for 9.59% of the national clothing output of 23.54 billion pieces;
(1) There were 1.184 billion pieces of woven clothing in Jiangsu, a year-on-year decrease of 1.72%, and 9.4 billion pieces of woven clothing nationwide, a year-on-year increase of 4.85%. Jiangsu accounted for 12.6% of the country’s total;
Judging from the output of major clothing categories: Jiangsu’s down jacket output was 15.35 million pieces, a year-on-year increase of 1.88%, and the national down jacket output was 126.49 million pieces, a year-on-year increase of 3.51%. Jiangsu accounted for 12.14% of the country’s total;
Jiangsu’s suit output was 27.25 million pieces, a year-on-year increase of 14.06%. The national suit output was 214.68 million pieces, a year-on-year increase of 4.57%. Jiangsu accounted for 12.69% of the country’s total;
Jiangsu’s shirt output was 77.62 million pieces, a year-on-year increase of 11.28%. The national shirt output was 356.26 million pieces, a year-on-year decrease of 1.57%. Jiangsu accounted for 21.79% of the country’s total.
(2) Jiangsu’s knitted garment output was 1.072 billion pieces, a year-on-year increase of 0.96%. The national knitted garment output was 14.14 billion pieces, a year-on-year increase of 10.86%, and Jiangsu accounted for 7.59% of the country’s total.
It can be seen from the above data that Jiangsu’s shirts account for the highest proportion in the country, reaching 21.79%, and Jiangsu’s suits and down jackets each account for more than 12% of the country’s total.
3. Analysis of economic data of the garment industry in 13 cities in Jiangsu Province
According to data from the Jiangsu Provincial Bureau of Statistics, in 2021:
1. The total operating income and profit of Wuxi’s clothing industry were 60.5 billion yuan and 2.54 billion yuan, accounting for 32.5% and 34.7% of the province respectively.
2. The total operating income of Wuxi, Suzhou and Nantong is 118.7 billion yuan, accounting for 64% of the province.
3. There are five cities with operating income exceeding 10 billion yuan: Wuxi, Suzhou, Nantong, Changzhou and Nanjing, with revenue of 60.52 billion yuan, 38.83 billion yuan, 19.34 billion yuan, 15.15 billion yuan and 13.82 billion yuan respectively.
4. Realization of operating incomeCities with double-digit growth include: Nanjing, Huai’an, and Yangzhou, with increases of 24.18%, 23.63%, and 15.36% respectively.
5. The operating income of the four cities of Yancheng, Xuzhou, Nantong and Zhenjiang showed negative growth.
4. Prediction of development trends of Jiangsu garment industry in 2022
In 2022, as the epidemic in Southeast Asian countries gradually comes under control and production capacity gradually recovers, the return of overseas orders to the country is unsustainable. The global apparel industry chain and supply chain layout will accelerate the reconstruction during industrial recovery.
Facing the complex and ever-changing development environment at home and abroad, Jiangsu’s garment industry will continue to deepen the supply-side structural reform in accordance with the task directions set forth in the “Guiding Opinions on the Development of the Garment Industry during the 14th Five-Year Plan”, promote the transformation and upgrading of Jiangsu’s garment industry, and further promote Jiangsu’s garment industry chain “digitizes transformation and leads with intelligence”, improves the level of intelligent manufacturing and innovative development, fully demonstrates the resilience and development potential of the industry, integrates into dual cycles, creates a new pattern, and promotes the stable and healthy operation of the garment industry economy.
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