cost? Environmental friendly? compete? Textile bosses need to be vigilant at all times!

1. Slow production growth

Since 2017, the production growth of my country’s fabric industry has been relatively stable. According to data from the National Bureau of Statistics, the industrial added value of my country’s textile industry above designated size increased by 5.1% year-on-year this year, and the output of cloth, workwear and chemical fibers increased by 3.92%, 2.13%, and 4.80% year-on-year respectively.

2. Exports maintain growth

Affected by factors such as increased international market demand, my country’s exports of fabrics and workwear have improved significantly since the beginning of this year compared with the previous year. According to my country’s customs data, from January to August 2017, my country’s fabric workwear exports were US$175.469 billion, a year-on-year increase of 0.8%. Among them, my country’s fabric exports were US$72.101 billion, a year-on-year increase of 2.0%; workwear exports were US$103.368 billion, a year-on-year increase of 0.01%. Overall, my country’s exports of fabrics and workwear continue to maintain growth momentum.

3. The domestic sales market continues to pick up

Since the beginning of this year, the income growth of domestic residents has accelerated compared with the same period last year, supporting the growth of domestic consumption. From January to August 2017, the national retail sales of workwear, shoes, hats and knitted fabrics above designated size reached 931.3 billion yuan, a year-on-year growth rate of 7.3%. The growth rate increased by 0.1 percentage points compared with the same period last year. At the same time, this year’s retail sales growth rate also increased. Maintained the growth trend; during the same period, the national online retail sales of clothing products increased by 19.6% year-on-year, an increase of 2.7 percentage points compared with the same period last year.

IV. Investment growth slows down

Fixed asset investment in the fabric industry continues to slow down. From January to August 2017, the total investment in the fabric industry was 842.564 billion yuan, a year-on-year increase of 6.95%, which was 0.82 percentage points lower than the annual investment growth rate of 7.77% in 2016. From the perspective of investment regional structure, the investment growth rates in the eastern region and western region were 7.81% and 8.40% respectively, both higher than the industry average. From the perspective of investment industry structure, investment in chemical fiber and industrial industries has grown rapidly, with growth rates of 19.76% and 21.90% respectively, which are higher than the industry average growth rate.

5. Stable quality and efficiency

The operation quality is stable and improving, and the main business income and total profit have grown rapidly. From January to July 2017, the main business income of fabric enterprises above designated size was 4.31938 billion yuan, a year-on-year increase of 9.1%, and the growth rate was 3.6 percentage points higher than the same period last year. From the perspective of the internal industry structure, since 2017, in my country’s entire fabric industry chain, chemical fibers have made a particularly prominent contribution to the industry’s new profits. The textile machinery industry has achieved a high level of profit growth of 23.02% year-on-year, showing that the entire fabric industry chain has recovered and the demand for equipment support, technology updates, etc. has increased.

Main problems facing the fabric industry

1. The cost burden is heavy and the price difference between domestic and foreign cotton is widening

The cost burden of fabric companies is still heavy. Fuel and power costs, labor costs, raw material costs, etc. are gradually increasing and are important issues commonly faced by my country’s fabric industry. Increased cost pressure is also an important reason why fabric companies are less enthusiastic about investing domestically, and some companies are shifting new investments overseas.

In July and August, the price difference between domestic and foreign cotton has accelerated. Especially the decline in international cotton prices may lead to further expansion of demand for imported cotton yarn. my country’s spinning companies are facing greater international market competition. pressure.

2. The industry faces increasing pressure on environmental protection

The sewage discharge standards in the five southeastern coastal provinces such as Zhejiang and Jiangsu have become stricter, and many printing and dyeing factories are at risk of suspending production. For example, dyeing plants in Jiaxing, Zhejiang, have limited production by 50% due to excessive antimony in the Taipu River. Xiaoshan has initiated closure, relocation, mergers and reorganization measures in 2017, and the number of printing and dyeing companies in the region will be reduced to 19 in 2021; Jiangsu and Shandong require antimony control measures. Coal boilers were rectified and eliminated, and dyeing factories that failed to meet the standards in the early stage were forced to close down; due to the impact of the BRIC Summit in Xiamen in September, environmental protection efforts in Fujian increased, and many dyeing factories in Quanzhou, Shishi and other places reduced production and closed down; in Guangdong due to The environmental protection team moved in and carried out 18 rounds of special inspections on air and water pollution prevention and control for a period of 9 months. Many companies in Shantou, Jieyang and other places…The factory was inspected. The printing and dyeing process has been affected by environmental pressure, and many companies have restricted production and suspended production, which has become a bottleneck for the development of the entire fabric industry.

3. Competition in the international market is still fierce

According to U.S. Customs statistics, from January to July 2017, the United States imported US$20.697 billion in fabric workwear from China, accounting for 34.81% of the total imports of fabrics and workwear into the United States. A decrease of 0.69 percentage points in the same period last year; according to EU customs statistics, from January to June 2017, the EU imported 17.316 billion euros of fabric workwear from China, accounting for 31.32% of the EU’s total import of fabrics and workwear from outside the EU, accounting for a larger share. A decrease of 0.43 percentage points in the same period last year; according to Japanese customs statistics, from January to July 2017, Japan imported 1,305.966 billion yen in fabric workwear from China, accounting for 59.83% of Japan’s total imports of fabrics in workwear. A decrease of 1 percentage point from the same period last year. It can be seen that in major international markets, the market environment faced by my country’s export of fabric workwear is still fierce, and the competitive pressure is still high.

Inference on the progress of the fabric industry

The external environment faced by my country’s fabric industry is still complex and severe. The industry itself still needs to resolve internal conflicts, accelerate transformation and upgrading, strive to achieve stable growth, and improve the quality and efficiency of progress.

Preliminary estimates indicate that the 2 fabric industry is expected to maintain stable operation, with the industrial added value of the industry increasing by approximately 5.5% to 6% year-on-year; main business income and total profit increasing by approximately 8% year-on-year; exports in 2017 are estimated to be Maintain a growth level of around 2%.

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