The operation pressure of the hottest textile indu

2022-10-01
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The operating pressure of the textile industry increased

in the first half of the year, subject to the severe external situation, the growth momentum of the internal and external markets of the textile industry was insufficient. The operation of China's textile enterprises continued to be under pressure, and the investment growth rate fell significantly. However, driven by the accelerated transformation and upgrading of industry enterprises, the main indicators of industry production and marketing, efficiency and so on achieved growth

recently, at the 2016 mid year working meeting of some mines under the cost line held by the China Textile Industry Federation in Beijing, the China Textile Industry Economic Research Institute released a comprehensive analysis report on the economic operation of the textile industry in the first half of the year, and pointed out that the textile industry is facing a complex external situation and great development pressure, but the industry as a whole still has the conditions to maintain a stable operation

smooth operation

in the first half of the year, under the severe environment, the textile industry as a whole still achieved a smooth operation. According to the data released by the National Bureau of statistics, from January to June, the industrial added value of the textile industry above designated size increased by 6.5% year-on-year, 0.3 percentage points slower than the same period last year, and 0.5 percentage points higher than the growth rate of industrial added value above Designated Size nationwide. In the same period, the owner business income of textile industry, textile clothing and apparel industry and chemical fiber manufacturing increased by 4.5%, 5.9% and 1.8% year-on-year respectively, 1.0, 0.3 and 1.0 percentage points slower than the same period last year; The total profits of the textile industry, textile clothing and apparel industry and chemical fiber manufacturing industry increased by 7.5%, 7.7% and -6.5% year-on-year respectively

industry exports still showed negative growth. In the first six months, China's textile and clothing exports amounted to 126.93 billion US dollars, a year-on-year decrease of 3.74%. Among them, the textile export was 54.593 billion US dollars, a year-on-year decrease of 1.91%; Clothing exports reached US $72.337 billion, a year-on-year decrease of 5.08%. From January to may, the share of textiles and clothing imported from the United States, Japan and the European Union fell by 1, 2.6 and 2.6 percentage points respectively compared with the same period last year

the growth rate of domestic demand market is stable and slowing down. From January to June, the retail sales of clothing, shoes, hats, knitwear and textiles above the national quota increased by 7% year-on-year, 3.7 percentage points slower than the same period last year; Nationwide, the retail sales of wearing goods increased by 16.9% year-on-year, a sharp decrease of 13.2 percentage points over the same period last year

while the pressure of industry operation is prominent, the terminal links of the industrial chain are running well. The industrial textile industry continues to play the role of a new growth point, and remarkable achievements have been made in improving the quality of the industry and brand building. From January to may, the total profits of industrial use, clothing and home textile industries increased by 12.3%, 7.3% and 11.8% year-on-year respectively, and the sales profit margins reached 6.1%, 5.5% and 5.8% respectively, all of which are better than the industry average

the sluggish business environment restricts the investment willingness of enterprises. From January to June, the completed investment of projects with more than 5million yuan in the whole industry was 561.81 billion yuan, with a year-on-year increase of 7.1%, and the growth rate decreased by 8.3 percentage points compared with the same period last year. Although the investment in Xinjiang increased by 1.3 times, driving the investment in the western region to increase by 31.4% year-on-year in the first six months, the investment in the eastern and central regions slowed down significantly

The report points out that the current development of the textile industry is facing a series of practical problems, which need to be paid more attention to and dealt with

first, the growth rate of fixed asset investment in the industry has gradually slowed down. Heavy cost burden, difficult and expensive financing, cumbersome environmental protection supervision procedures, structural overcapacity in some industries have restricted the investment enthusiasm of textile enterprises

secondly, the cotton market situation is still complex. The average daily amount of cotton in the national reserve is less than 3 and, like the current situation, 10000 tons, which does not meet the daily amount of 30000-50000 tons in the national release announcement, which is difficult to meet the cotton demand of enterprises. Non productive traders participated in the auction, driving the transaction price of cotton reserves in July to be about 15% higher than that at the initial stage of storage, causing fluctuations in the cotton market. At the same time, the industry is still facing constraints such as the decline in cotton quality, the widening supply gap of high-grade cotton, and the insufficient effective supply of natural fiber raw materials

thirdly, the problem of overcapacity in the PTA industry of upstream raw materials is prominent. The operating rate of PTA industry has been maintained at 65% - 70% for a long time, and the backward capacity with high energy consumption and lack of product differentiation accounts for about 15% of the existing capacity. The withdrawal of backward capacity cannot be effectively solved, which will further increase the pressure of overcapacity in the industry

although the development of the industry faces great pressure, the report still believes that the textile industry as a whole has the conditions to maintain a stable operation

the report points out that although the market environment of sluggish foreign demand and slowing domestic demand is difficult to be significantly improved, there is no obvious deterioration trend in the macroeconomic fundamentals at home and abroad, especially with the promotion of supply side structural reform, China's economy will maintain growth within a reasonable range, and the general trend of steady growth in domestic demand will not change, which will provide primary market support for the development of the textile industry. Although there is still uncertainty about the late impact of the release of reserve cotton, the release objectively increases the effective supply of cotton raw materials, driving the cotton price difference at home and abroad to narrow significantly compared with previous years, which plays a positive role in stabilizing the production of textile enterprises and improving the export competitiveness of cotton products

more importantly, the transformation and upgrading effect of the textile industry has gradually appeared, and the operation quality has basically remained stable, which also provides a favorable support for the development of the industry. According to the comprehensive statistical data and enterprise research, it is expected that the main business income of textile enterprises above Designated Size in 2016 will increase by about 5% year-on-year, and the total profit will increase by about 5% year-on-year. The decline in exports is expected to be further narrowed, and the total exports of textiles and clothing are expected to remain basically the same as last year

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