In 2022, my country’s textile industry will face an extremely severe external development environment. Risk factors such as weak market demand, high raw material costs, and a more complex trade environment will have a greater impact on the textile industry, and the pressure on economic operations will increase significantly. The textile industry fully implements the decisions and arrangements of the Party Central Committee and the State Council, adheres to the general work tone of seeking progress while maintaining stability, actively coordinates short-term stable operation goals and medium- and long-term high-quality development tasks, and strives to overcome various risk impacts. Although most operating indicators have increased year-on-year fell back, but the decline was smaller, and the total export volume hit a record high again, striving to play its due role in supporting the smooth operation of the national economy and overall stability of social development, 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 National Congress of the Communist Party of China. The development situation is still complex and severe. The textile industry still needs to work hard to consolidate the foundation for economic recovery, continuously release high-quality development potential, and make new contributions to completing the macro-control goals of stabilizing growth, stabilizing employment, and stabilizing prices, and opening up a new situation in building a modern textile industry system with high quality.
The industry’s overall prosperity has rebounded, and production growth has slowed down.
In 2022, affected by factors such as insufficient market demand, frequent domestic epidemics, and high raw material costs, the overall prosperity of the textile industry has fluctuated. According to survey data from the China Textile and Apparel 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, as the national epidemic prevention policy was adjusted according to the current situation and market consumption showed seasonal growth, the operating confidence of textile enterprises improved, driving the industry prosperity index back to 47%.
The capacity utilization rate and production growth rate of the textile industry have both declined. According to data from the National Bureau of Statistics, the capacity utilization rates of the textile industry and chemical fiber industry in 2022 were 77.2% and 82.3% respectively, down 2.3 and 2.2 percentage points respectively 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 designated size in the textile industry will decrease by 1.9% year-on-year, and the growth rate will be 6.3 percentage points lower than in 2021. The chemical fiber, wool textile, hemp textile, filament weaving, industrial textiles and other sub-sector industries in the textile industry chain will increase The value achieved positive growth year-on-year.
The domestic sales market is back under pressure, and total exports hit a new high
In 2022, affected by factors such as the slowdown in residents’ income growth and the slow recovery of consumption scenes, the pressure on domestic sales in the textile industry will continue to increase. According to data from the National Bureau of Statistics, in 2022, the national retail sales of clothing, shoes, hats, and knitted textiles above designated size will decrease by 6.5% year-on-year, and the growth rate has continued to be negative since March; the retail sales of online clothing products will increase by 3.5% year-on-year, and the growth rate It has slowed down by 4.8 percentage points compared with 2021, but has continued to grow since June. Sports and outdoor, health care and other clothing and apparel consumption still has good growth resilience.
In 2022, my country’s total textile and apparel exports will reach a new high, remaining above US$300 billion for the third consecutive year, and the increase in export prices will play an important supporting role. According to China Customs data, my country’s textile and apparel exports will total US$340.95 billion in 2022, a year-on-year increase of 2.5%. Among the main export products, the export value of textiles reached US$156.84 billion, a year-on-year increase of 1.4%. The export of supporting products in the industrial chain such as textile fabrics and chemical fibers was an important growth point; the export value of clothing reached US$184.11 billion, a year-on-year increase of 3.4%. Among the major export markets, my country’s textile and apparel exports to the United States, the European Union, and Japan decreased by 5.4%, 1.1%, and 0.2% year-on-year respectively. The growth rates of textile and apparel exports to markets along the “Belt and Road” and RCEP trading partner countries reached 11.3% respectively. % and 9.7%.
The pressure to improve quality and efficiency increases, 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 data from the National Bureau of Statistics, the operating income and total profits of 36,000 textile enterprises above designated size in the country will decrease by 0.9% and 24.8% respectively year-on-year in 2022, and the operating income profit margin will be 3.9%. In the textile industry chain, the total profits of the wool textile and home textile industries have achieved positive growth, while the total profits of other sub-sectors have decreased.
Despite the significantly increased development pressure, key textile enterprises still insist on accelerating transformation and upgrading, actively expand investment in intelligent and green transformation and upgrading, orderly promote the optimization and adjustment of regional layout, and achieve steady growth in investment. In 2022, the completed fixed asset investment in my country’s textile industry, chemical fiber industry, and clothing industry will increase by 4.7%, 21.4%, and 25.3% respectively year-on-year.
Actively respond to complex situations and open up a new situation in building a modern textile industrial system
2023 is the first year to fully implement the spirit of the 20th National Congress of the Communist Party of China, and it is also the starting year for the textile industry to move towards the new goal of comprehensively building a modern industrial system. Overall, the development situation faced by the textile industry is still complex and severe. On the one hand, the short-term operation of the industry faces multiple risk tests such as changes in the international situation, slowdown in the recovery of terminal demand, and efficiency gaps that have yet to be filled. On the other hand, the industry’s mid- to long-term Promoting high-quality development still requires new and effective breakthroughs in optimizing the supply structure, improving risk prevention and control capabilities, and increasing total factor productivity.
But at the same time, the economic operation of the textile industry still has the basic conditions for a smooth recovery. From an external perspective, my country’s epidemic prevention and control has entered a new stage, production and living order has been restored in an orderly manner, and “steady growth” hasA series of policies continue to be effective, steadily improving macro fundamentals, fully restored consumption scenarios, constantly releasing domestic demand potential and a stable and favorable policy environment will provide positive support for the smooth internal circulation of the textile industry. In the context of upgrading domestic demand, my country’s textile and clothing independent brand enterprises have the opportunity to seize the window period for market brand pattern adjustment in the context of enhanced cultural confidence, fully tap the growth potential of consumption hot spots such as national trends, green, and new channels, and promote the formation of a positive interaction between production and demand. . From its own perspective, my country’s complete textile industry chain and supply chain still have outstanding advantages in efficient and stable operation. After three years of epidemic testing, development resilience has been continuously accumulated and strengthened, laying a solid foundation for the industry to smoothly integrate into the national economic cycle and effectively respond to external risks and challenges.
The textile industry will fully implement the spirit of the 20th National Congress of the Communist Party of China and the decisions and arrangements of the Central Economic Work Conference, adhere to the general tone of “seeking progress while maintaining stability”, strive to consolidate the foundation for stable economic recovery, continuously activate the potential for high-quality development, and continue to give full play to the textile industry It plays a positive role in ensuring supply, activating domestic demand, improving employment and income, and makes due contributions to achieving the goal of stable growth of the national economy and opening up a new situation in the construction of a modern textile industrial system with high quality.
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