The textile industry takes the first shot of the “14th Five-Year Plan”
“Faced with the complex external situation, the textile industry has shown strong development resilience and vitality, and the advantages of stable operation of a complete and high-quality modern industrial system have become more consolidated, basically achieving a good start for the ’14th Five-Year Plan’ and laying the foundation for We will make positive contributions to the steady growth of the national economy, ensuring people’s livelihood, promotingemployment, and preventing risks.” Recently, the ChinaTextile IndustryUnited Sun Ruizhe, president of the association, pointed out in an interview with reporters that in 2022, the external development environment will become more complex and severe, and the textile industry still needs to actively respond to and resolve various risks and challenges, and strive to maintain economic operation /font>The situation is basically stable, and the quality of development has been steadily improved, making new contributions to the development goals of stabilizing the macroeconomic market, continuously improving people’s livelihood, and maintaining overall social stability.
Industry prosperity maintains expansion
Recently, survey data from the China Textile and Apparel Industry Federation showed that in the four quarters of 2021, the textile industry prosperity index continued to be in the expansion range above 50, with the highest value being 65.4 in the second quarter and the lowest value being 57.1 in the first quarter. In the fourth quarter, driven by factors such as the continued recovery of the consumer market and the easing of the impact of power and production restrictions, the textile industry prosperity index increased from 58.7 in the third quarter to 62.3, the highest level in the same period since 2018, indicating that with the epidemic prevention and control and the production and marketing situation Stability has been restored, corporate operating confidence has generally improved, and the foundation for industry economic recovery has been further consolidated.
According to data from the National Bureau of Statistics, the capacity utilization rates of the textile industry and chemical fiber industry in 2021 are 79.5% and 84.5% respectively, an increase of 6.4 and 4 percentage points respectively from 2020. In 2021, the industrial added value of enterprises above designated size in the textile industry increased by 4.4% year-on-year, and the growth rate rebounded by 7 percentage points from 2020. Taking 2019 as the base period (the same below), the two-year average growth rate was 0.8%, and the industry’s production scale exceeded that before the epidemic. level. Chemical fiber, industrial use, home textiles, textile machinery and other industries have achieved positive growth on average for two years.
Domestic demand and foreign trade continue to recover and the performance is gratifying
In 2021, my country’s national economy continues to recover, and development has driven the steady release of consumption potential. The domestic demand market for textiles and clothing has overcome the impact of factors such as the continued epidemic and extreme weather. Driven by the country’s good policy environment to protect people’s livelihood and promote consumption, as well as various holiday consumption , showing a sustained recovery trend. Data from the National Bureau of Statistics show that in 2021, the retail sales of clothing, shoes, hats, and knitted textiles in units above designated size across the country increased by 12.7% year-on-year, and the growth rate rebounded by 19.3 percentage points from 2020, with an average growth of 2.6% in the two years; online consumption still has a significant impact on the domestic demand market. Playing a strong driving role, the national online retail sales of clothing products increased by 8.3% year-on-year, the growth rate increased by 2.5 percentage points compared with 2020, and the average growth rate in the two years was 7%.
In 2021, affected by factors such as the market recovery driven by the gradual recovery of the world economy and the purchasing demand driven by the return of export orders, my country’s textile industry exports will achieve rapid growth with a significant growth rate Exceeding the pre-epidemic level, the total export volume hit a record high. Under the special conditions caused by the epidemic, which caused global logistics and people flow to be impeded, it fully demonstrated the stable supply advantages of my country’s complete textile industry chain. China Customs data shows that my country’s total textile and apparel exports will reach US$315.46 billion in 2021, a year-on-year increase of 8.3%, and an average growth of 7.8% in the two years. Among them, the apparel export situation has recovered significantly, which has played a prominent role in supporting the industry’s export growth. The annual export volume reached 170.26 billion US dollars, a year-on-year increase of 24%, and the two-year average growth rate was 6.1%, which was the best growth level since 2015; in While the export value of masks and protective clothing decreased by US$48.2 billion, a year-on-year decrease of 76.1%, the export value of textiles still reached US$145.2 billion. Although it decreased by 5.6% year-on-year, it still reached US$145.2 billion in two years. The average growth rate still reached 9.9%.
Improved performance of textile enterprises inspires investment confidence
According to data from the National Bureau of Statistics, in 2021, the country’s 34,000 textile enterprises above designated size achieved operating income of 5.17494 billion yuan, a year-on-year increase of 12.3%. The growth rate rebounded by 21.1 percentage points from 2020, with an average growth of 1.2% in the two years; achieved The total profit was 267.68 billion yuan, a year-on-year increase of 25.4%. The growth rate rebounded by 31.8 percentage points from 2020, with an average growth of 8.3% in the two years; the operating income profit margin was 5.2%, an increase of 0.6 percentage points from 2020, reaching the highest level since 2018. highest level. The efficiency of more than 80% of the entire textile industry chain has improved significantly, and the profits of more than half of the links have increased by more than 50% year-on-year. Affected by the rise in bulk commodity prices, the efficiency improvement of the chemical fiber industry at the front end of the industrial chain has been particularly prominent. Total profits in 2021 increased significantly by 149.2% year-on-year, ranking first in the entire industry chain; The two-year average growth rate reached 45.5%, significantly higher than the pre-epidemic level. The operating efficiency and capital turnover of textile enterprises are generally stable. The turnover rate of finished products of enterprises above designated size is 13.6 times/year, a slight slowdown of 0.7% year-on-year; the total asset turnover rate is 1.2 times/year, an acceleration of 5.5% year-on-year; three fees The proportion was 6.6%, a decrease of 0.4 percentage points from 2020.
Driven by the recovery in demand and supported by burden reduction policies, the economic benefits of textile enterprises have steadily improved.
The restoration of corporate performance has led to the gradual recovery of investment confidence. Data from the National Bureau of Statistics show that in 2021, my country’s textile industry and chemical fiberThe completed fixed asset investment in the industry and clothing industry increased by 11.9%, 31.8% and 4.1% respectively year-on-year, and the growth rate rebounded by 18.8, 51.2 and 36 percentage points respectively from the same period last year. Among them, leading and backbone enterprises in the textile and chemical fiber industries have actively carried out investment activities around upgrading technology and equipment, extending industrial chains, and adjusting regional layout. The two-year average growth rate of investment amount was 2.1% and 3.1% respectively, and the scale of investment has exceeded the pre-epidemic level.
Looking forward to 2022, the economic operation of the textile industry still has the conditions and foundation for stability and improvement, but the complexity and severity of the development situation cannot be ignored. Sun Ruizhe believes that my country’s macroeconomic aggregate has exceeded the 110 trillion yuan mark, and the long-term positive fundamentals and favorable conditions for building a new “dual cycle” development pattern have not changed. With the solid advancement of the country’s “six stability” and “six guarantees” work and the release of a series of policy combinations to protect people’s livelihood, promote consumption, and expand domestic demand, the textile industry will be based on the strong and diversified domestic demand market, continue to consolidate its advantages in advanced manufacturing, and actively seize the New fashion opportunities such as green and low-carbon transformation, “ice and snow economy” and “national trend” have gained broad development space and rich driving force for innovation in the domestic demand market.
Sun Ruizhe said: “Although the international cooperation environment faced by the textile industry is becoming increasingly complex, there is still no shortage of new development opportunities. The entry into force of the Regional Comprehensive Economic Partnership Agreement (RCEP) and the continued advancement of the construction of a high-standard free trade zone network will provide The textile industry provides favorable conditions for further tapping regional market potential and building a transnational resource allocation system. In addition, the global epidemic is still continuing to evolve, and economic recovery is facing multiple pressures such as weakening employment improvement momentum and high inflation. Monetary policies in developed economies are expected to continue. Tightening will negatively restrict market consumption capacity and consumer confidence.”
“The international textile production and supply chain is gradually recovering, the international procurement pattern may be adjusted, the situation of concentrated flow of export orders to my country may be changed, and the uncertainty of the export situation has increased significantly.” Sun Ruizhe also pointed out that in the complex situation Under the international economic situation, although the fundamentals of my country’s domestic demand market are stable, it is also facing challenges such as the weakening of market consumption willingness and the gradual passing of the dividend release period of online retail channels. In addition, problems such as high commodity price fluctuations, uneven recovery of various links in the textile industry chain, and obvious development differentiation of large and medium-sized enterprises still need to be resolved, and corporate market expectations and development confidence still need to be stabilized.
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