Since the beginning of this year, in the face of a more complex and severe international environment and more urgent and arduous high-quality development tasks under the new situation, my country's textile industry has fully implemented the decision-making and deployment of the Party Central Committee and the State Council, and adhered to the overall work plan of steady word and steady progress. The keynote is to continue to promote transformation and upgrading in depth. With the rapid and stable transition of domestic epidemic prevention and control and the accelerated restoration of production and living order, the situation of textile enterprises resuming work and production has been generally stable since the Spring Festival. The domestic sales market has shown a recovery trend. The rebound, positive factors continue to accumulate. However, affected by factors such as the weak improvement in market demand and the complex and changeable international situation, the main economic operation indicators such as production, investment, and efficiency of the textile industry in the first quarter were still at a low level and under pressure.
Looking forward to the whole year, the development situation of the textile industry is still complex and severe. There are still many external risks such as insufficient momentum for world economic recovery, intensified fluctuations in the international financial market, and complex geopolitical changes. Risk factors such as weak external demand, complex international trade environment, and high raw material costs Under the circumstances, the foundation for the textile industry to stabilize and improve still needs to be consolidated.
The overall prosperity of the industry has rebounded significantly
The production situation fluctuates slightly
Since the Spring Festival, as the impact of the epidemic has gradually subsided, domestic market circulation has continued to improve, consumption has picked up, and the overall prosperity of the textile industry has shown a significant recovery trend, and corporate development confidence and market expectations have been consolidated. According to the survey and calculation of the China National Textile and Apparel Council, the comprehensive prosperity index of my country's textile industry in the first quarter was 55.6%, which was 13 and 8.6 percentage points higher than that of the same period last year and the fourth quarter of 2022, reversing the 50% prosperity and decline line since 2022. The following contraction situation.
However, due to the overall weak domestic and foreign market demand and the high base of the previous year, the production situation of the textile industry fluctuated slightly. According to the National Bureau of Statistics, the capacity utilization rates of the textile industry and the chemical fiber industry in the first quarter were 75.5% and 82.1% respectively. Although they were 2.7 and 2.1 percentage points lower than the same period last year, they were still higher than the 74.5% capacity utilization rate of the manufacturing industry in the same period. . In the first quarter, the industrial added value of enterprises above designated size in the textile industry decreased by 3.7% year-on-year, and the growth rate dropped by 8.6 percentage points compared with the same period last year. The industrial added value of chemical fiber, wool textile, filament weaving and other industries achieved positive year-on-year growth.
The domestic market continues to pick up
Export pressure is showing
In the first quarter, under the support of positive factors such as the full recovery of the consumption scene, the increase in the market's willingness to consume, the efforts of the national policy to promote consumption, and the consumption during the Spring Festival holiday, the domestic textile and clothing market continued to pick up, and online and offline sales simultaneously achieved rapid growth. According to the data from the National Bureau of Statistics, in the first quarter, the retail sales of clothing, shoes and hats, and knitted textiles in units above the designated size in my country increased by 9% year-on-year, and the growth rate rebounded by 9.9 percentage points from the same period of the previous year. In the forefront. During the same period, the retail sales of online wear products increased by 8.6% year-on-year, and the growth rate rebounded by 7.7 percentage points from the same period of the previous year. The recovery was stronger than that of food and consumer goods.
Since the beginning of this year, affected by complex factors such as shrinking external demand, intensified competition, and rising risks in the trade environment, my country's textile industry has been under pressure in exports. According to China Customs data, my country's textile and apparel exports in the first quarter totaled US$67.23 billion, a year-on-year decrease of 6.9%, and the growth rate slowed down by 17.9 percentage points from the same period last year. Among the main export products, the export value of textiles was 32.07 billion US dollars, a year-on-year decrease of 12.1%, and the export of supporting products such as textile fabrics was more obvious; the export of clothing was stable and slightly decreased, with an export value of 35.16 billion US dollars, a year-on-year decrease of 1.3%. Among the major export markets, my country's textile and apparel exports to the United States, the European Union, and Japan decreased by 18.4%, 24.7%, and 8.7% year-on-year respectively, and the textile and apparel exports to markets along the "Belt and Road" and RCEP trading partners increased by 1.6% and 8.7% respectively. 2%.
The decline in benefits has narrowed
The scale of investment has been slightly reduced
Due to the high cost of raw materials and insufficient market demand, the economic efficiency indicators of the textile industry have continued to decline since the beginning of this year, but there are signs of marginal improvement. According to the data of the National Bureau of Statistics, in the first quarter, the operating income and total profit of 37,000 textile enterprises above designated size in the country decreased by 7.3% and 32.4% year-on-year, respectively, which were 17.9 and 23.2 percentage points lower than the same period last year, but the decline was lower than that of January to February this year. Respectively narrowed 0.9 and 2.1 percentage points. The profit margin of operating income of enterprises above designated size was only 2.4%, a decrease of 0.9 percentage points from the same period of the previous year, which was a relatively low level in recent years. In the industrial chain, only the wool textile, silk, and filament industries have achieved positive growth in operating income, while the home textile industry has achieved a growth of more than 20% in total profits supported by the recovery of domestic demand. In the first quarter, the turnover rate of finished products and the turnover rate of total assets of textile enterprises above designated size slowed down by 7.5% and 9.3% respectively year-on-year; the ratio of three expenses was 7.2%, and the asset-liability ratio was 57.8%, which was basically maintained in a reasonable range.
Under the influence of factors such as unstable market expectations, increased profit pressure, and a high base in the previous year, the investment scale of the textile industry has shown a slight reduction since the beginning of this year. 4.3%, 3.3% and 3.5%, business investment confidence still needs to be improved.
The development situation is still grim
Actively promote high-quality development
In the first quarter, although my country's textile industry was under pressure at the beginning, since March, the main operating indicators have shown a gradual recovery trend, and the industry's anti-risk ability and development resilience have been continuously released. Looking forward to the whole year, the overall development situation facing the textile industry is still complicated and severe, but positive factors are also accumulating and increasing. The industry is expected to gradually return to a stable recovery track, but there are still many risks and challenges to overcome.
From the perspective of risk factors, the recovery prospects of the international market are uncertain, global inflation is still at a high level, the risk of the financial system is rising, and the market consumption capacity and consumer confidence are slowly improving; the geopolitical situation is complex and evolving, and the international trade environment factors affect the deep participation of my country's textile industry in global production capacity. Cooperation brings more uncertainty. Although the domestic macro economy has stabilized and rebounded, the foundation for continuous improvement in domestic demand and consumption is still not solid, and operating pressures such as high costs and profit compression are still relatively high. However, from a favorable perspective, my country's new crown pneumonia epidemic prevention and control has fully entered a new stage, creating important basic conditions for the development of the textile industry. In the first quarter, my country's GDP grew by 4.5% year-on-year. The macro fundamentals are steadily improving, the super-large-scale domestic demand market is gradually recovering, the consumption scene is fully returning, the industrial chain supply chain is continuously improving, and the coordination and cooperation of various macro policies will form a joint promotion. The joint force of the continuous recovery of domestic demand provides the core driving force for the smooth recovery of the textile industry. As a modern industry with both people's livelihood and fashion attributes, the textile industry will also continue to tap market potential on the basis of emerging consumer hotspots such as "big health", "national tide" and "sustainable". With the support of the domestic market, the textile industry will gradually return to a stable track of deep structural adjustment and high-quality development in 2023.
The textile industry will fully implement the spirit of the 20th National Congress of the Communist Party of China and the relevant decisions and deployments of the Central Economic Work Conference, adhere to the general tone of "seeking progress while maintaining stability", continue to consolidate the foundation for stabilization and recovery, accelerate accumulation and enhance the resilience of high-quality development, and strive to protect the industrial chain The supply chain is stable and safe, and the textile industry will continue to play a positive role in ensuring supply, activating domestic demand, improving employment and income, etc., in order to promote the continuous overall improvement of the industry's economic operation and complete the main objectives and tasks of economic and social development throughout the year. contribute.
Post time: Jun-28-2023