- Unlock the magic cod...2024/12/23
- January - November 2...2024/12/23
- What are the excelle...2024/12/17
- Textile industry Mar...2024/12/17
- The future developme...2024/12/9
In the first half of this year, the world economy accelerated and the domestic economy stabilized and created a relatively good market demand environment. China's textile and apparel export and domestic market generally achieved good growth, providing fundamental support for the textile industry to maintain a stable operation. The textile industry has intensively promoted supply-side structural reforms. The characteristics of high-quality development are more obvious. The economic indicators such as production, sales, efficiency, and investment all show structural adjustment characteristics, and the operational quality and efficiency have improved compared with the first quarter.
In the first half of the year, the textile industry's prosperity was generally stable, and the second quarter was better than the first quarter. According to the results of the follow-up survey conducted by the China Textile Association, the industry sentiment index continued to be in the expansion range in the first half of the year. The second quarter's prosperity index was 60.9, an increase of 3.6 points from the first quarter.
The domestic demand market grew steadily, and the growth rate of network channels increased significantly. According to the National Bureau of Statistics, in the first half of the year, the retail sales of clothing, shoes, hats and needles above designated size increased by 9.2% year-on-year, and the growth rate increased by 1.9 percentage points over the same period of the previous year. The retail sales of online clothing in the country increased by 24.1% year-on-year. Compared with the same period of last year, it increased by 3.3 percentage points. The domestic sales growth of textiles and garments was better than that of the previous year. On the one hand, it was related to the overall stable macroeconomics of China and the rapid growth of residents' income. On the other hand, it also reflected the remarkable achievements of the textile industry in optimizing supply structure and effectively meeting domestic demand.
The total export volume of the industry maintained a growth trend and the textile competitiveness was stable. According to Customs Express data, in the first half of the year, the total export volume of textiles and apparel (excluding Chapter 94) was US$127.52 billion, up 3.2% year-on-year, and the growth rate was 1% higher than the same period of the previous year. Among them, textiles showed stable international competitiveness and good export growth. Exports in the first half of the year increased by 10.3% year-on-year, and the growth rate was 7.2 percentage points higher than the same period of the previous year. The proportion of total exports increased from 42.8% in the same period of last year to 45.7. %; garment export pressure increased, export volume decreased by 2% year-on-year, 3.4 percentage points lower than the same period of the previous year, and its proportion decreased from 57.2% in the same period of last year to 54.3%.
Thanks to the good support of domestic and foreign markets, the growth rate of the efficiency of the textile industry has gradually accelerated. According to the National Bureau of Statistics, in the first half of the year, textile enterprises above designated size achieved a total revenue of 2,906.06 billion yuan, a year-on-year increase of 4.1%. The growth rate was 1 percentage point higher than that of the first quarter of this year; the total profit was 136.06 billion yuan, a year-on-year increase of 2.4%. The growth rate increased by 6.2 percentage points from the first quarter. The growth rate of chemical fiber and textile machinery industry was significantly higher than the industry average. In the first half of the year, the main business income and total profit of the chemical fiber industry increased by 16.3% and 19.3% respectively, and the textile machinery industry increased by 16% and 19.6% respectively.
The overall quality of the industry has improved. In the first half of the year, the sales profit rate of textile enterprises above designated size was 4.7%, slightly lower than 0.1 percentage points in the same period of last year, up 0.2 percentage points from the first quarter of this year; the turnover rate of finished products was 18.4 times/year, up 2.6% year-on-year; total assets The turnover rate was 1.4 times per year, which was basically the same as that of the same period of last year. The ratio of three fees was 6.9%, slightly higher than 1 percentage point in the same period of last year and 0.2 percentage points lower than the first quarter of this year.
The construction of the textile industry is basically normal, and the growth rate of production is gradually slowing down. According to the National Bureau of Statistics, the utilization rate of the textile industry in the first half of the year was 81.1%, 0.4 percentage points higher than the same period of the previous year; the capacity utilization rate of the chemical fiber industry was 81.7%, a slight slowdown of 1.2 percentage points from the same period of the previous year. The industrial added value of textile enterprises above designated size increased by 2.8% year-on-year, the growth rate slowed by 2.5 percentage points compared with the same period of last year, and slowed by 0.8 percentage points compared with the first quarter; the industrial added value of textile machinery industry grew fastest among all sub-sectors, the first half of the year The growth rate of production in the terminal chain of the industrial chain was more stable. The industrial added value of the home textile, industrial textiles and clothing industry increased by 6.2%, 7.8% and 4.5% respectively.
The growth rate of industry investment rebounded slightly from the previous month. According to the data of the National Bureau of Statistics, the completion of fixed assets investment in the textile industry in the first half of the year increased by 1.3% year-on-year. Although the growth rate slowed by 7.8 percentage points from the same period of last year, it ended the negative growth trend this year, and the growth rate rebounded from the first quarter. Percentage points. Among them, the chemical fiber industry was driven by the improvement of efficiency and investment confidence. The investment volume in the first half of the year increased by 28.2% year-on-year, 7.9 percentage points higher than the same period of the previous year, which was 26.9 percentage points higher than the whole industry.
Looking forward to the second half of the year, the macroeconomic situation at home and abroad has generally continued its steady recovery. The fundamentals of stable growth of the domestic and overseas markets have not changed. The textile industry is also expected to maintain a basically stable operation in the second half of the year. On the international front, employment in developed economies has improved, approaching the level of full employment, driving consumer confidence to rise, and international market demand has maintained inertia. The International Monetary Fund and the World Bank recently forecast that the global economic growth rate in 2018 will be 3.9% and 3.1%, respectively, both not lower than the growth level in 2017, and the external demand situation in the textile industry is generally stable. Domestically, in the second half of the year, China's macroeconomic operation will remain stable overall, and stable employment will provide basic support for income growth and consumption expansion; consumer confidence is at a relatively high level, which can provide a basis for predicting the steady growth of domestic demand in the second half of the year. The macro-control policy is more focused on expanding domestic demand, and domestic consumption of textiles and clothing is expected to maintain steady growth.
In the second half of the year, the complexity of the macro environment at home and abroad has increased, and the risk factors have increased, but overall it will not have a major impact on the textile industry. Since the beginning of this year, due to trade friction between China and the United States, the uncertainty of the trade environment has increased, and the export pressure of the textile industry has also increased. However, the list of tax increases announced by the United States has not yet covered a large proportion of export products such as clothing and home textiles, and the tax increase has not yet entered the implementation stage. Therefore, it is expected that the textile industry will not have a major impact during the year. External risks such as the global liquidity contraction caused by the US interest rate hike still need a certain process to show the impact. The international market demand has slowed down in the short term, but the fundamentals have not changed. The external demand environment of the textile industry is still stable.
On the whole, the textile industry will continue to maintain a stable trend in the second half of the year under the environment of steady growth in domestic demand and generally stable external demand. The domestic sales of the industry will continue to maintain a good growth trend. Although the export pressure has increased, it is expected that the growth rate will only change slightly from the first half of the year. The quality performance indicators of the industry still have some room for recovery due to the base.
Under the circumstances that the external situation is becoming more and more complicated, it is still the core development task of the textile industry to further promote transformation and upgrading and accelerate the promotion of high-quality development. The textile industry will fully implement the spirit of the 19th National Congress of the Communist Party of China and the Central Economic Work Conference, deepen the structural reform of the supply side, accelerate the process of industrial transformation and upgrading, and strive to achieve steady, progressive, and qualitative improvement of the industry.