Brief Introduction Of The Operation Of China'S Industrial Textiles Industry From January To November 2021

In 2021, the global economy is still on the track of medium and low-speed growth. The rise of commodity prices and shipping costs will change the cost structure of the industry. The decline in the demand for epidemic prevention materials and the concentrated investment in a large amount of production capacity during the epidemic period lead to intensified competition in the industry. Although the non epidemic prevention materials sector has a strong rebound momentum, the whole industry shows a deep adjustment trend affected by the high base effect, The growth rate of major economic indicators dropped sharply. From January to November 2021, the industrial added value of Enterprises above the industrial scale continued to decline, with a decrease rate of 18.9%, but the average growth rate in two years was still 12.6%.

　　 In terms of production, From January to November, the nonwovens output of Enterprises above designated scale reached 5.605 million tons, a year-on-year decrease of 1.5%; The output of cord fabric was 745000 tons, up 24.7% year on year.

　　 In terms of economic benefits, From January to November, the operating income of Enterprises above Designated Size in the industrial textiles industry decreased by 14.4% year-on-year, with an average growth of 13.5% in two years. The total profit decreased by 61.3% year-on-year, with an average growth of 18.1% in two years. The operating profit rate was 5.4%, with a year-on-year decrease of 6.5%. In terms of different sectors, the operating income and total profit of nonwovens industry decreased by 23.2% and 72.5% respectively year-on-year, and the operating profit margin was 5.3%, 9.5 percentage points lower than that of the same period of last year; The operating income and total profit of the rope, cable and cable industry increased by 9.7% and 14.2% respectively year-on-year, and the operating profit margin was 4.9%, with a year-on-year increase of 0.2 percentage points; The textile belt and cord fabric market continued a good momentum of development, with operating revenue and total profit increasing by 18.6% and 80.2% respectively, and the operating profit margin reached 5.3%, with a year-on-year increase of 1.8 percentage points; The operating income and total profit of awning and canvas increased by 23.6% and 34.1% respectively, and the operating profit margin of 6.1% was the highest in the industry; The operating income and total profit of other industrial textiles for medical and health, filtration and geotechnical textiles decreased by 22.5% and 63.9% respectively, and the operating profit margin was 5.5%, with a year-on-year decrease of 6.3 percentage points.

　　 In terms of international trade, According to the data of China Customs, from January to November 2021, the export volume of China's main export products of industrial textiles (top 12 products ranked by export value) was 39.11 billion US dollars, a decrease of 53.0% year-on-year. In terms of products, unlisted textile products (mainly masks) are currently the largest export products in the industry. However, due to the sharp drop in foreign demand for masks, the export volume has decreased by 77.0% compared with the same period last year, and the average export price has decreased by 73.5% year on year; The export volume of traditional products such as felt / tent and industrial coated fabric increased by 52.7% and 33.6% respectively, and the average export price increased by 13.7% and 8.5% respectively; The export volume of synthetic leather and leather base cloth increased by 44.7% and the average export price increased by 13.3% year on year. The export of nonwovens and related products showed different trends. The export of coiled materials was 4.16 billion US dollars, down 9.0% year-on-year. The export volume was 1.26 million tons, with a slight increase of 0.8% year-on-year. The average export price decreased by 9.8% year-on-year; The export of chemical fiber nonwovens protective clothing (including medical protective clothing) was 2.09 billion US dollars, with a year-on-year decrease of 80.2%, and the average export price dropped by 60.6%; The export of disposable sanitary products was US $2.25 billion, with a year-on-year increase of 10.5%, and the average export price increased by 4.8%. On the whole, the price is the main factor affecting the growth rate of China's industrial textiles export.

It is expected that the operation of industrial textiles industry in 2021 will continue the current situation of deep adjustment; In 2022, with the gradual fading of the high base effect, it is expected that the various production and economic indicators of the industry will return to the normal level, and the industry will gradually step out of the adjustment period and return to the growth channel.

　　 Note: the two-year average growth rate refers to the growth rate calculated by geometric average method based on the corresponding number of the same period in 2019.

(source: China Industrial Textiles Association)