China Textile China Industrial Textile Industry Association February 5
In 2020, facing the severe and complex domestic and foreign environment, especially the severe impact of the new crown pneumonia epidemic, the textile industry has made every effort to ensure the supply of important epidemic prevention materials, and steadily promoted the resumption of work and production, based on a strong industrial chain and supply chain system. It served the overall situation of epidemic prevention and control and the needs of national economic and social development. At the same time, the textile industry has continued to deepen its transformation and upgrading, and strive to resolve the impact of risks caused by the epidemic. The decline in main operating indicators has continued to narrow, economic operation has recovered steadily, and export trade has achieved unexpected growth driven by epidemic prevention materials. 2021 is the first year of the new development cycle of my country's "14th Five-Year Plan". The development situation facing the textile industry will still be complicated. The foundation for continuous recovery and improvement still needs to be consolidated, and a new stage of high-quality development in the "post-epidemic era" is still facing Many tests.
The industry’s prosperity has maintained an expansion trend, and the production growth rate has steadily picked up
Since 2020, the overall prosperity of the textile industry has continued to expand, and the capacity utilization rate has increased quarter by quarter. According to the survey data of the China National Textile and Apparel Council, the textile industry prosperity index in the first quarter of 2020 was affected by the epidemic and fell below the critical point of 50. Since the second quarter, the prosperity index has rebounded to above 50, and it was 61.3 in the fourth quarter, which is a good level in recent years. , Which shows that business confidence is steadily improving. According to data from the National Bureau of Statistics, the capacity utilization rate of the textile and chemical fiber industries in 2020 will be 73.1% and 80.5%, respectively, up 0.7 and 1.4 percentage points from the previous three quarters, but down by 5.3 and 2.7 percentage points from 2019.
The production situation has steadily recovered. According to the National Bureau of Statistics, the industrial added value of enterprises above designated size in the textile industry in 2020 will decrease by 2.6% year-on-year, and the growth rate will be 5 percentage points lower than that in 2019. Compared with the first three quarters of 2020 and the first two months of the beginning of the year, the industrial added value has decreased by 2 and 23 respectively. percentage point. Among the major links in the industrial chain, the industrial textile industry has achieved good growth in production driven by epidemic prevention materials. The industrial added value in 2020 will increase by 54.1% year-on-year; the industrial added value of the chemical fiber industry and the home textile industry will increase by 2.2% and 1.1% respectively. , Realize the change from negative to positive.
Domestic sales continued to improve, and exports achieved higher-than-expected growth
In the early stage of the domestic epidemic, epidemic prevention measures such as the closure of physical businesses, home quarantine, and reduction of social activities led to a sharp decline in domestic consumption of textile and apparel products in the first quarter. Since the second quarter, with the orderly recovery of economic life, residents' consumption activities have become increasingly active. With the good support of various national consumption promotion policies, the domestic market sales of the textile industry have improved quarter by quarter. According to data from the National Bureau of Statistics, the retail sales of clothing, footwear, and knitting textiles of units above designated size in the country in 2020 will decrease by 6.6% year-on-year, and the decline has narrowed by 5.8 percentage points compared with the previous three quarters; the scale of online retail has recovered more rapidly, and by the end of July The retail scale of such commodities has exceeded the level of the same period last year, with a year-on-year growth of 5.8%, and the growth rate has accelerated by 2.5 percentage points compared with the previous three quarters.
Driven by the procurement demand for epidemic prevention materials, the export scale of the textile industry has hit a new high since 2015. Customs Express data shows that in 2020, my country’s total textile and apparel exports totaled US$291.22 billion, an increase of 9.6% year-on-year, and the growth rate was 11.1 percentage points higher than the previous year. Among them, textile exports amounted to US$153.84 billion, a significant year-on-year increase of 29.2%, and the proportion of total exports of the entire industry increased significantly from 44.3% in the previous year to 58.2%; the situation of apparel exports in the first half of the year was relatively severe, but in the second half of the year, with the overseas economy With the restart, the perfection of my country's textile industry system and the operational stability of the supply chain have emerged. Clothing exports have gradually improved. By the end of the year, the year-on-year decline in exports has narrowed to 6.4%, and monthly exports have achieved positive growth since August.
The company's benefits continue to be restored, and the operating pressure is still outstanding
With the gradual recovery of domestic and foreign market demand, and the country's large-scale tax cuts and fees and other relief policies and measures to help companies have taken effect, the economic benefits of textile companies have experienced a steady decline in the beginning of the year, showing a trend of steadily repairing and improving quarterly. According to data from the National Bureau of Statistics, in 2020, textile enterprises above designated size across the country will achieve operating revenue of 4519.06 billion yuan, a year-on-year decrease of 8.8%, and the decline has narrowed by 3.3 and 20.7 percentage points from the first three quarters and January to February respectively; the total profit achieved is 206.47 billion yuan. , A year-on-year decrease of 6.4%, the rate of decline narrowed by 5.7 and 46.9 percentage points from the first three quarters and January to February, respectively. The operating income profit margin of textile enterprises above designated size was 4.6%, a significant improvement from the 2.2% level at the beginning of the year, and exceeded 0.2 percentage points in 2019. Among them, the industrial and home textile industries have outstanding profitability, with total profits increasing by 203.2% and 14.7% year-on-year, respectively, and operating income and profit margins of 11.4% and 5.6%, ranking in the forefront of all links in the industrial chain. With the restoration of benefits, the operating quality of textile enterprises has also improved compared with the beginning of the year, but the operating pressure is still relatively high. In 2020, the loss of textile enterprises above designated size will be 22.7%, and the loss of loss-making enterprises will increase by 26.8% year-on-year, down 13.6 and 2.7 percentage points respectively from the end of February; the turnover rate of total assets and the turnover rate of finished products will be 1.1 times per year and 13.2 respectively. Times/year, the year-on-year slowdown was 11.6% and 10.9% respectively; the three-fee ratio was 7%, an increase of 0.2 percentage points from the previous year.
Uncertain factors still need to be resolved, and a new journey of high-quality development begins
In 2020, the textile industry has effectively overcome the major impact of the new crown epidemic, and the main economic operation indicators have recovered and improved, which fully reflects the advantages of a complete industrial system and stable supply capacity, which is important for supporting national economic and social development and ensuring international textile supply. The coordinated operation of the chain played an important role. In 2021, the development situation facing the textile industry will remain complex. On the one hand, the global epidemic has not been completely alleviated, risk factors such as continued sluggish external demand and rising trade environment risks still exist. The adverse impact on the stability of the industrial chain and supply chain has yet to be eliminated, and the textile industry is still facing greater development pressure in the international market. . On the other hand, the textile industry is in a stage of in-depth adjustment and transformation. While responding to complex external situations, it still needs to resolve difficulties such as increased overall costs, arduous environmental protection tasks, and intensified market competition, and it faces many challenges in maintaining stable operations. However, my country's macro economy has taken the lead in realizing positive growth in 2020, and the total economic volume has jumped to one hundred billion yuan for the first time. Employment and people's livelihood are effectively guaranteed in the epidemic, demonstrating strong economic development resilience. Supported by the solid progress of the "six stability" and "six guarantees" work, based on the establishment of a new development pattern of "double cycles" based on the domestic cycle, a strong and diversified domestic demand market will give the textile industry sufficient development space and rich innovation Source power has become the core engine for the continuous recovery of the textile industry. On the whole, based on a good industrial foundation that has basically achieved the goal of becoming a strong country, my country's textile industry will still have the conditions to steadily start a new journey of high-quality development in the "14th Five-Year Plan" in 2021.
The textile industry will actively implement the decision and deployment of the Party Central Committee and the State Council, build a new development pattern based on the new development stage, continue to deepen the supply-side structural reform, accelerate the transformation and upgrading of the industry, and take multiple measures to improve the adaptability of the supply system to the domestic market Enhance the independent controllability of the supply chain of the industrial chain, actively respond to and resolve various risks and challenges, strive to maintain the steady improvement of economic operation, ensure a stable start of the "14th Five-Year Plan", and better serve the citizens during the "14th Five-Year Plan" period The new strategy of economic and social development requires due contribution!
(Contributed by Industrial Economic Research Institute of China National Textile and Apparel Council)