Present situation and development prospect of textile industry

Status quo: Profits are declining, and the pressure of industry development will increase in 2020.

According to the data of China National Textile and Apparel Council, the overall prosperity of textile industry in 20 19 was in the expansion range, and the prosperity index of textile industry in the fourth quarter of 20 19 was 55.2, reaching the highest prosperity in the whole year. The prosperity of 20 19 industry and the start-up situation are basically stable, and the prosperity of textile industry is generally in the expansion range. In 2020, the external situation facing China textile industry will be more complicated and severe. The COVID-19 epidemic has spread all over the world, and the complex situation of increasing global economic risk points and domestic structural problems still exist. The COVID-19 epidemic not only caused economic losses to textile enterprises in domestic market, but also made them face the loss of foreign trade orders, which intensified international competition.

Judging from the profitability of specific industries, from 20 16 to 20 19, the overall operating income and total profit of textile industrial enterprises above designated size in China showed a downward trend. In 20 19, the total operating income and profit were 24038 1 100 million yuan and 1009 million yuan respectively, down by 2% and11%respectively. From June 5438 to May 2020, the total profits of textile industrial enterprises above designated size in China reached 30.96 billion yuan, down 2 1% year-on-year, and the industry profits dropped sharply in 2020.

The textile industry has not only reduced its profits, but also reduced its investment scale. In 20 19, China's investment in textile fixed assets (excluding farmers) decreased by 8.9% year-on-year, and decreased by 26.2% year-on-year in 2020, with obvious decline.

Reason one: the growth rate of domestic textile and garment market has slowed down.

There are many reasons for the obvious decline in profits and investment in China's textile industry, one of which is the slowdown in the growth of China's domestic textile and garment market. Statistics from the National Bureau of Statistics show that in 20 19, the retail sales of clothing, shoes, hats and textiles above designated size nationwide was1351700 million yuan, up 2.9% year-on-year, and the growth rate was 5. 1 percentage point slower than that in 20 18. From June 5438 to May 2020, the retail sales of clothing, shoes, hats, needles and textiles of units above designated size nationwide reached 406.7 billion yuan, down 23.5% year-on-year.

Note: The speed in this table is the nominal growth rate without deducting the price factor.

Reason 2: The export situation of textile industry is grim.

The profit decline of China textile industry is obviously affected not only by the poor domestic sales of textiles and clothing, but also by the obvious and profound decline of textile and clothing exports. According to China Customs data, in 20 19, the cumulative export value of textiles and clothing in China was US$ 280.7 billion, down 1.5% year-on-year, and the growth rate dropped by 5.3 percentage points compared with the previous year.

According to the data of customs through train, from June 5438 to May 2020, China's textile and clothing exports totaled US$ 9.6/kloc-0.60 billion, down1./kloc-0.07% year-on-year, down 8.8 percentage points from June 5438+0-April. Among them, textile exports reached US$ 57.95 billion, up 21.3% year-on-year; Clothing exports reached $38.265438 billion, down 22.8% year-on-year. In May, driven by the export of masks, textile exports reached US$ 20.65 billion, a year-on-year increase of 77.3%. Clothing exports reached US$ 8,965.438 billion, down 26.9% year-on-year.

In 2020, affected by the COVID-19 epidemic and the global economic downturn, China's textile industry will face a more severe internal and external situation. But optimistically, the long-term good foundation of China's macro-economy will not change, and domestic macro-economic policies will pay more attention to steady growth. With the epidemic under control, the textile industry has gradually resumed its development, and the state has also begun to introduce various support policies to help textile enterprises ease their operating pressure. The textile industry will adhere to the general tone of steady progress.

-For more data, please refer to Foresight Industry Research Institute's Market Demand and Investment Forecast and Analysis Report of China Industrial Textile Industry.