Industry Observation: Brief Operation Of Industrial Textile Industry From January To November 2023

In 2023, the world economy will stagger forward in turbulence, and the factors of instability, uncertainty and unpredictability will increase; The domestic economy withstood external pressure, overcame internal difficulties, and adhered to the general tone of seeking progress while maintaining stability. The economic recovery continued to consolidate. From January to November 2023, the production of China's industrial textile industry will remain basically stable, the main economic indicators have improved to varying degrees since the third quarter, and the external demand tends to be weak, making the industry's export under greater pressure.

In terms of production, according to the data of the National Bureau of Statistics, from January to November, the nonwoven production of enterprises above designated size decreased by 3.4% year on year, and the decline has narrowed since the third quarter; The production of cord fabric continued to increase, with the output increasing by 8% year on year.

In terms of economic benefits, according to the data of the National Bureau of Statistics, from January to November, the operating income and total profit of enterprises above designated size in the industrial textile industry decreased by 5.8% and 25.5% respectively year on year, 0.8% and 4.2% lower than those in the third quarter, respectively, and the operating profit margin was 3.7%, 0.3% higher than that in the third quarter. In terms of fields, from January to November, the operating income and total profit of nonwoven enterprises above designated size decreased by 5.1% and 31% respectively year on year, and the operating profit margin was 2.5%, down 0.9 percentage points year on year; The operating revenue of enterprises above rope, cable and cable scale recovered, with a year-on-year growth of 1.2%. Although the total profit decreased by 25.4%, it has narrowed by 26.2 percentage points compared with the third quarter. The operating profit margin was 3.2%, with a year-on-year decrease of 1.2 percentage points; The operating income and total profit of enterprises above designated size of textile belt and cord fabric decreased by 5% and 36.4% respectively year on year, and the operating profit margin was 3.1%, down 1.6 percentage points year on year; The operating income and total profit of enterprises above the scale of awning and canvas decreased by 12.3% and 27% respectively year on year, and the operating profit margin was 5.2%, down 1 percentage point year on year; The operating income and total profit of other industrial textile enterprises above designated size where filter and geotextile are located decreased by 5.4% and 14.3% respectively year on year, and the operating profit margin of 5.9% is the highest level in the industry.

Growth rate of major economic indicators of industrial textile industry from January to November 2023

Data source: according to the National Bureau of Statistics

In terms of international trade, according to Chinese customs data, the export volume of China's industrial textile industry from January to November 2023 (customs 8-digit HS code statistics) was 35.43 billion US dollars, down 12.3% year on year; From January to November, the industry import volume (customs 8-digit HS code statistics) was 4.8 billion US dollars, down 15.2% year on year. In terms of products, industrial coated fabrics and felt cloth/tents are the two major export products of the industry at present. The export value of industrial coated fabrics exceeded 4 billion dollars, reaching 4.13 billion dollars, and the export value of felt cloth/tents was 3.53 billion dollars, down 13.6% year on year; The overseas demand for nonwovens continued to recover, with the export volume of 1.196 million tons, an increase of 8.3% year on year, and the export volume of 3.48 billion dollars. With the recovery of export unit price, the decline in the export volume of nonwovens narrowed to 3.9%; The overseas market of disposable sanitary products (diapers, sanitary napkins, etc.) remained active, with the export volume reaching US $3.02 billion, up 12.2% year on year; Among the traditional products, the export decline of leather base cloth, industrial glass fiber products and packaging textiles has narrowed, while the export decline of cord (cable) belt textiles and canvas has deepened to varying degrees; The export volume of wiping cloths (excluding wet wipes) was US $1.29 billion, down 0.3% year on year.

Exports of industrial textiles and major products from January to November 2023

Data source: according to the data of China Customs

(Source: China Industrial Textile Industry Association)