In the first three quarters of 2021, facing the complex situation of increasing risks and challenges at home and abroad, my country’s textile industry has fully implemented the decisions and arrangements of the Party Central Committee and the State Council, and continued to consolidate The results of epidemic prevention and control and the industrial cycle are smooth and stable, and we have actively responded to tests such as local epidemics and floods. The overall industry prosperity has maintained an expansion trend, corporate profits have steadily improved, investment confidence has continued to recover, and the main operating indicators have stabilized above the low base of the same period last year. rebounded, and the overall trend of recovery and development was maintained. Looking forward to the fourth quarter and 2022, the development situation faced by the textile industry is still complex, unstable and uncertain factors still exist, and maintaining smooth operation still faces many challenges.
Industry prosperity maintains expansion, and production continues to recover
Since 2021, with the support of the overall stable domestic epidemic prevention and control situation and the recovery of domestic and foreign market demand, The prosperity of the textile industry continues to be in the expansion range, and the level of production capacity utilization is generally good. According to survey data from the China Textile and Apparel Federation, in the third quarter of 2021, my country’s textile industry prosperity index was 58.7, which has been above the 50 boom-bust line for six consecutive quarters. Although it fell 6.7 percentage points from the second quarter of this year, the industry prosperity index is still at a high level. . According to data from the National Bureau of Statistics, in the first three quarters, the capacity utilization rates of the textile industry and chemical fiber industry were 79.6% and 85.2% respectively, both higher than the national industry level of 77.6% in the same period, and increased by 7.2 and 6.1 percentage points respectively from the same period last year.
The production situation of the textile industry has recovered steadily. According to data from the National Bureau of Statistics, in the first three quarters of 2021, the added value of the national textile industry above designated size increased by 6.3% year-on-year, and the growth rate rebounded by 10.9 percentage points from the same period last year, but fell by 14 and 3.3 percentage points from the first quarter and first half of this year respectively. , calculated based on the third quarter of 2019 (the same below), the two-year average growth was 0.7%, indicating that the industry’s production scale has exceeded the pre-epidemic level. Production in more than 80% of the industrial chain has maintained steady growth. In the first three quarters, the added value of the textile industry, chemical fiber industry and clothing industry increased by 3.7%, 10.7% and 9.2% respectively year-on-year. Among them, the two-year average growth rate of the added value of the textile industry and chemical fiber industry reached 1% and 5.3%.
The domestic demand market is steadily improving, and export growth remains good
In the first three quarters of 2021, the national economy continues to recover, various localities have introduced measures to promote consumption and expand domestic demand, and multiple holidays Driven by consumption factors, my country’s textile and apparel domestic demand market has withstood the impact of local epidemics and floods, and the recovery trend has been consolidated. According to data from the National Bureau of Statistics, in the first three quarters of 2021, the total retail sales of clothing, shoes, hats, and knitted textiles above designated size increased by 20.6% year-on-year, with the growth rate rebounding by 33 percentage points from the same period last year, and the two-year average growth was 2.8%. Online consumption continues to play a role in stimulating the domestic demand market. In the first three quarters, national online retail sales of clothing products increased by 15.6% year-on-year, a growth rate that was 12.3 percentage points higher than the same period last year, and an average growth rate of 9.3% in the two years.
Affected by the rebound in international market demand and the return of some overseas orders, my country’s textile and apparel exports have maintained good growth. However, due to the reduction in the scale of exports of anti-epidemic materials, the industry’s export growth has slowed down. China Customs Express data shows that in the first three quarters of 2021, my country’s textile and apparel exports totaled US$227.59 billion, a year-on-year increase of 5.6%. The growth rate slowed down by 6.5 percentage points from the first half of the year, and the two-year average growth was 6.2%. The situation of clothing exports has improved significantly. In the first three quarters, clothing exports reached US$122.41 billion, a year-on-year increase of 25.3%, which was the highest growth rate in the same period since 2010, with an average growth of 4.2% in the two years. Since the beginning of this year, the demand for international anti-epidemic materials has continued to decline. In the first three quarters, my country’s exports of masks and protective clothing decreased by 79.4% year-on-year. Affected by this, textile exports were US$105.18 billion, a year-on-year decrease of 10.7%. However, the two-year average growth rate still reached 8.6%.
Enterprise profits are steadily recovering, and investment confidence continues to be consolidated
According to data from the National Bureau of Statistics, in the first three quarters, the country’s 34,000 textile enterprises above designated size achieved a cumulative operating income of 3.67206 billion. Yuan, a year-on-year increase of 15.6%, the growth rate increased by 27.7 percentage points compared with the same period last year, and the two-year average growth was 0.8%; the total profit was 171.05 billion yuan, a year-on-year increase of 31.7%, the growth rate was 43.8 percentage points higher than the same period last year, and the two-year average growth rate was 0.8%. The average growth rate was 7.6%; the operating income profit margin was 4.7%, an increase of 0.6 percentage points from the same period last year. More than 90% of the entire textile industry chain has good performance growth, and more than 70% of the profits have increased by more than 30%. Driven by rising commodity prices, the total profit of the chemical fiber industry in the first three quarters increased significantly by 318% year-on-year, and the operating income profit margin reached 6.3%, ranking first in the entire industry chain in terms of profitability. The operating efficiency and capital turnover of enterprises have been improved. In the first three quarters, the turnover rate of finished products and the turnover rate of total assets of textile enterprises above designated size in the country were 12.8 times/year and 1.1 times/year respectively, a year-on-year acceleration of 8.7% and 8.9% respectively; III. The fee ratio was 6.6%, down 0.4 percentage points from the same period last year.
Enterprise investment confidence continues to consolidate, and the scale of investment maintains a rebound. According to data from the National Bureau of Statistics, the completion of fixed asset investment in my country’s textile industry, chemical fiber industry and clothing industry in the first three quarters increased by 13.5%, 29.5% and 3.1% respectively year-on-year, and the growth rate rebounded by 24.8, 51.8 and 35.8 percentage points respectively from the same period last year. , among which the two-year average growth rate of investment in the textile industry and chemical fiber industry was 0.3%, and the investment scale has basically returned to the pre-epidemic level.
It is expected to maintain smooth operation throughout the year, but the development situation is still complicated
In the first three quarters of 2021, my country’s textile industry is in the process of repairing the losses caused by the epidemic.At the same time, it has entered a new stage of high-quality development during the “14th Five-Year Plan” and has demonstrated good development resilience and risk resistance in a complex and changing environment. Entering the fourth quarter, affected by factors such as sharp rises in raw material prices, power and production restrictions in some areas, and high international freight prices, the production and operation pressure of the textile industry has increased. However, with the Christmas export delivery season and the domestic “Double Eleven” ”, New Year’s Day and other peak consumption seasons are coming one after another, and the industry is still expected to achieve stable development throughout the year.
Looking forward to 2022, the textile industry has the conditions and foundation for stable and positive economic operations, but the development situation it faces is still complex. From the perspective of the external environment, with the popularization of vaccination, the world economy is expected to enter a sustained recovery track; although my country’s epidemic situation has rebounded regionally, the foundation of macroeconomic development continues to be consolidated, which will support the steady growth of the domestic demand market, and the holding of the Winter Olympics will Further stimulate consumption vitality. However, the global epidemic continues to evolve, the international supply chain is still not functioning smoothly, the improvement momentum of employment and consumption in developed countries has weakened, and the recovery of international market demand is under pressure; commodity prices are operating at high levels, inflation expectations are increasing, and instability and uncertainty are factors increase. From the perspective of its own development, my country’s textile industry system still has the advantages of stable, efficient and high-quality manufacturing. However, efforts still need to be made to resolve problems such as high fluctuations in raw material prices, structural shortages of labor, and difficulty in transmitting costs to the terminal, and to continuously consolidate the foundation for stable development. . As the low base effect gradually fades, the textile industry will return to the normal recovery track of low-speed economic growth and continued in-depth transformation and upgrading in 2022.
Faced with the complex and ever-changing situation, the textile industry will continue to actively implement the decisions and arrangements of the Party Central Committee and the State Council, further deepen the supply-side structural reform, vigorously promote high-quality development, and continue to give full play to the role of the textile industry in ensuring stable supply and inspiring It will play a positive role in the vitality of domestic demand, improve employment and income, strive to consolidate the foundation for stable economic operation, and make due contributions to the good start of the “14th Five-Year Plan” for my country’s national economic and social development.
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