On May 24, the China Cotton Textile Conference and the Sixth Member Congress of the China Cotton Textile Industry Association, as well as the First Council of the Sixth Session and the First Standing Council of the Sixth Session were held in Wuxi, Jiangsu. Xu Xiaoyuan, director of the China Cotton Textile Industry Association, analyzed the operation and development of the cotton textile industry. Now, share the relevant content with everyone!
2020 is a very special year. The epidemic has had a profound impact on the global economy, and industry development is facing huge challenges and pressures. Faced with the severe situation, the cotton textile industry actively fulfilled its social responsibilities and proactively adjusted its production and operation strategies. Starting from the second quarter, the negative impact of the epidemic on corporate production and operations gradually declined, and the industry’s operation situation recovered steadily. Since 2021, industry operations have continued the rebound trend last year, with major production and efficiency indicators increasing significantly year-on-year.
Production capacity is gradually developing towards intelligence, automation and greening. According to statistics from the China Cotton Industry Association, as of 2020, my country’s spinning production capacity reached 110 million spindles and 1.04 million looms. The production efficiency of equipment has been improved, and the output of yarn and cloth has been basically stable. According to statistics from the China Cotton Textile Industry Association, affected by the epidemic, yarn output in 2020 was 16.41 million tons, a year-on-year decrease of 10.3%; cloth output was 46 billion meters, a year-on-year decrease of 17.9%.
In terms of fiber use, my country’s cotton fiber used for cotton spinning in 2020 was 6 million tons, a year-on-year decrease of 13%; non-cotton fiber was 11.27 million tons, a year-on-year decrease of 8.4%. Non-cotton fiber accounted for 65.3%, an increase of 1.2 percentage points year-on-year.
The industry’s application of various new fibers continues to increase, and the total output of new differentiated fiber yarns is also constantly increasing. Especially in recent years, the increase has accelerated significantly. In 2020, differentiated yarns accounted for Compared with 2017, it increased by 3.8 percentage points.
Affected by the epidemic from January to April 2020, the industry was in a sluggish state. Starting from May, with the steady recovery of the consumer market, industry prosperity gradually recovered. Especially after September, industry production and sales improved significantly, and the prosperity index continued to be higher than the boom-and-bust line. In the first quarter of this year, as my country’s economic operation continues to recover steadily, the development vitality of the industry has increased, and the average prosperity index reached 50.4, a year-on-year increase of 2.5. The prosperity in April was lower than that in March, but from the perspective of sub-indexes, the production index and The business confidence index remains in expansion territory.
From the data of key enterprises in the industry, the main economic indicators in 2020 have all dropped significantly year-on-year. Among them, the cumulative revenue of main business has dropped by 8.6% year-on-year; the cumulative total profit has dropped by 13.8% year-on-year; exports The cumulative delivery value decreased by 19.6% year-on-year; the cumulative loss expanded by 0.83 percentage points year-on-year. However, looking at the monthly situation, since February 2020, the year-on-year decline in major economic indicators has shown a trend of shrinking. In 2021, it began to turn from negative to positive, and the losses narrowed significantly.
Judging from the China Cotton Bank’s coordinated research and enterprise production situation, since September 2020, the production and operation of cotton textile enterprises have obviously improved, with yarn, Cloth production continued to increase. From January to April 2021, the cumulative yarn and cloth output of key enterprises increased by 24.3% and 8.8% respectively year-on-year, and decreased month-on-month. The production situation of cluster enterprises is basically the same as that of key enterprises, but the overall recovery is relatively slow.
Cotton prices fluctuate significantly. In 2020, the price of domestic grade 3128 cotton dropped to a minimum of less than 11,000 yuan/ton and rose to a maximum of about 15,000 yuan/ton, with a fluctuation range of about 36%. The price difference between domestic and foreign cotton fluctuates frequently, reaching a maximum of about 2,300 yuan/ton.
The price fluctuation range of chemical fiber staple fibers is also relatively large. Since 2021, polyester staple fiber has shown an overall upward trend, and viscose staple fiber has fallen significantly after a sharp rise at the beginning of the year. The prices of yarn and cloth fluctuate with the raw materials, and the trends of the two are basically the same. After the National Day in 2020, the prices of yarn and cloth began to stop falling and rebound, and corporate profits gradually recovered.
In terms of textile and clothing exports, according to data from the General Administration of Customs, from January to April 2021, national textile and clothing exports were 883.7 billion, a year-on-year increase of 32.8%, and a decrease of 11.2 percentage points from the export growth rate in the first quarter. Among them, textile exports were US$43.96 billion, a year-on-year increase of 18%; clothing exports were US$44.41 billion, a year-on-year increase of 51.7%. Since the same period in 2020 was in the early stages of overseas epidemic outbreaks, the export base of epidemic prevention materials was relatively high. In April 2021, my country’s textile exports were US$12.15 billion.A year-on-year decrease of 16.6%, but exports still increased by 25.6% compared with April 2019 (the same period before the epidemic); clothing exports were US$11.12 billion, a year-on-year increase of 65.2%, and compared with April 2019 exports increased by 19.4%.
In terms of cotton and cotton yarn imports, in 2020, my country’s cotton imports hit a new high since 2015, reaching 2.158 million tons; cotton yarn imports were 1.9 million tons, year-on-year down 2.7%.
From the perspective of import source countries, the United States surpassed Brazil in 2020 and once again became my country’s largest source of cotton imports; Vietnam is still my country’s largest cotton yarn importer. Starting in 2020, Pakistan will implement “zero tariffs” for cotton yarn exports to China , import volume increased by 125.7% year-on-year. From January to April 2021, my country imported 1.2 million tons of cotton, a year-on-year increase of 64%; it imported 800,000 tons of cotton yarn, a year-on-year increase of 31%.
In terms of cotton fabric exports, in 2020, my country exported 6.83 billion meters of cotton fabrics, a year-on-year decrease of 13.9%. Despite the sharp year-on-year decline in cotton fabric exports, exports to the Philippines and Nigeria increased by 10.3% and 85.6% respectively year-on-year. In the first quarter of 2021, my country exported 302 million meters of cotton fabric, a year-on-year increase of 109.5%. At present, the international trade environment is complex, the trade pattern has undergone profound changes, and challenges and opportunities coexist. The global economy is recovering, but the pace of recovery is slow. The current epidemic situation in Southeast Asia continues to be tense. The timing and extent of global consumer demand recovery are still uncertain. Domestic The upgrade of market consumption demand has put forward more and higher requirements for the textile industry, and market competition has intensified. In the development of the industry, there are problems such as declining cotton quality and hidden dangers in industrial safety; enterprise labor shortages; difficult and expensive financing; rising production costs and insufficient orders. However, China’s economic growth is strong, the domestic demand market is vast, and the industrial system is complete. We are confident Respond to various risks and challenges.
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