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In 2020, facing the severe and complex domestic and foreign environment, especially the severe impact of the Covid-19 epidemic, the textile industry has made every effort to ensure the supply of important epidemic prevention materials and steadily promoted the resumption of work and production. Based on the strong industrial chain and supply chain system, the textile industry has effectively served the overall situation of epidemic prevention and control as well as the needs of national economic and social development.At the same time, the textile industry persisted in deepening transformation and upgrading, and made efforts to defuse the risk impact caused by the epidemic. The decline of the main operating indicators continued to reduce, the economic situation recovered steadily, and the export trade achieved an unexpected growth driven by epidemic prevention materials.The year 2021 is the beginning of the new development cycle of China's 14th Five-Year Plan. The development situation of the textile industry will still be complicated, the foundation of sustainable recovery is still to be consolidated, and there are still many tests to open the new stage of high-quality development in the "post-epidemic era".
Industry prosperity to maintain an expansion trend
Production growth picked up steadily
Since 2020, the overall prosperity of the textile industry has maintained an expansion, and the production utilization rate has increased quarter by quarter.According to the survey data of China National Textile and Textile Industry Council, in the first quarter of 2020, the climate index of the textile industry dropped to below the critical point of 50 due to the impact of the epidemic. Since the second quarter, the climate index rose to above 50 and was 61.3 in the fourth quarter, which is a good level in recent years, indicating that the business confidence of enterprises is steadily improving.According to the National Bureau of Statistics, the capacity utilization rate of the textile industry and chemical fiber industry in 2020 will be 73.1% and 80.5% respectively, up 0.7 and 1.4 percentage points respectively from the previous three quarters, but down 5.3 and 2.7 percentage points respectively from that of 2019.
The production situation picked up steadily.According to the data of the National Bureau of Statistics, the industrial added value of enterprises above designated size in the textile industry in 2020 will decrease by 2.6% year on year, the growth rate is 5 percentage points lower than that in 2019, and 2 and 23 percentage points narrower than that in the first three quarters of 2020 and January-February of the beginning of the year, respectively.Among the main links of the industrial chain, the industrial textile industry, driven by epidemic prevention materials, has achieved a good growth in production, with a year-on-year growth of 54.1% in industrial added value in 2020.The industrial added value of the chemical fiber industry and home textile industry increased by 2.2% and 1.1%, respectively, turning from negative to positive.
Domestic demand sales continued to improve
Exports grew faster than expected
In the early stage of the domestic outbreak, the epidemic prevention measures, such as closing physical businesses, quarantine at home and reducing social activities, resulted in a sharp decline in domestic consumption of textile and clothing commodities in the first quarter.Since the second quarter, with the orderly recovery of economic life and increasingly active consumer activities, the domestic market sales of the textile industry have improved quarter by quarter under the good support of various national policies to promote consumption.According to data from the National Bureau of Statistics, the retail sales of clothing, shoes, hats, needles and textiles sold by units above designated size in 2020 decreased by 6.6% year on year, 5.8 percentage points narrower than that in the first three quarters.By the end of July, the retail scale of online clothing products in China had exceeded the level of the same period last year, with a year-on-year growth of 5.8%, 2.5 percentage points faster than the growth in the first three quarters.
Drived by the purchase demand of epidemic prevention materials, the export scale of the textile industry reached a new high since 2015.Data from the Customs Express shows that China's textile and garment exports totaled US $291.22 billion in 2020, up 9.6% year on year and 11.1 percentage points higher than the previous year.Among them, the export value of textiles was 153.84 billion US dollars, up 29.2% year on year, accounting for 58.2% of the total export of the whole industry, up from 44.3% in the previous year.The garment export situation was severe in the first half of the year. However, in the second half of the year, with the restart of overseas economy, the advantages of the improvement of China's textile industry system and the operation stability of the supply chain emerged, the garment export gradually improved. By the end of the year, the year-on-year decline of the export volume had narrowed to 6.4%, and the monthly export volume had achieved positive growth since August.
Business efficiency continued to be restored
The operating pressure is still prominent
With the gradual recovery of domestic and foreign market demand, as well as the significant effect of the country's large-scale tax and fee reduction and other assistance policies and measures for enterprises, the economic benefits of textile enterprises have been steadily restored and improved quarter by quarter after experiencing a sharp decline at the beginning of the year.According to the data of the National Bureau of Statistics, in 2020, the operating income of textile enterprises above designated size in China will reach 4.519.06 billion yuan, decreasing by 8.8% year on year, which is 3.3 and 20.7 percentage points narrower than that of the first three quarters and January-February respectively.The total profit reached 206.47 billion yuan, down 6.4% year on year, and down 5.7 and 46.9 percentage points compared with the first three quarters and January-February, respectively.Operating profit margin of textile enterprises above designated size was 4.6 percent, a significant improvement from 2.2 percent at the beginning of the year and 0.2 percentage points higher than in 2019.Among them, the profitability of industrial and home textile industries is outstanding, with the total profit increasing by 203.2% and 14.7% year-on-year respectively, and the profit margin of operating income being 11.4% and 5.6% respectively, ranking at the forefront of all links of the industrial chain.With the benefit repair, the operating quality of textile enterprises has improved compared with the beginning of the year, but the operating pressure is still large.In 2020, the loss area of textile enterprises above designated size was 22.7%, and the loss amount of loss-making enterprises increased by 26.8% year-on-year, down 13.6 percentage points and 2.7 percentage points respectively compared with the end of February.Total asset turnover and finished product turnover were 1.1 times/year and 13.2 times/year respectively, slowing down by 11.6% and 10.9% year on year, respectively.The proportion of three fees was 7 percent, 0.2 percentage points higher than last year.
Uncertainties remain to be resolved
We have embarked on a new journey of high-quality development
In 2020, the textile industry has effectively overcome the major impact brought by the new crown epidemic, and the main economic operation indicators have recovered and improved, fully reflecting the advantages of a complete industrial system and stable supply capacity, and playing an important role in supporting the national economic and social development and ensuring the coordinated operation of the international textile supply chain.In 2021, the development situation of the textile industry will still be complicated.On the one hand, the global epidemic has not been completely alleviated, the external demand continues to be sluggish, trade environment risks and other risk factors still exist, the adverse impact on the stability of the industrial chain and supply chain has yet to be eliminated, the textile industry is still facing great development pressure in the international market.On the other hand, the textile industry is in the stage of deep adjustment and transformation. While dealing with the complex external situation, it still needs to resolve difficulties such as the increase of comprehensive costs, the arduous task of environmental protection, and the intensification of market competition, so it faces many challenges to maintain a smooth operation.However, China's macro economy has been the first to achieve positive growth in 2020, and its economic aggregate has reached the level of one billion yuan for the first time. Employment and people's livelihood have been effectively guaranteed in the epidemic, which demonstrates the strong resilience of economic development.Under the support of solid progress of "six stability" and "six guarantee" work, based on the construction of a new development pattern of "double cycle" dominated by domestic circulation, the strong and diversified domestic market will give the textile industry enough development space and rich source of innovation power, and become the core engine for the textile industry to continue to recover.On the whole, China's textile industry still has the conditions to embark on a new journey of high-quality development during the 14th Five-Year Plan in 2021, based on the sound industrial foundation of basically realizing the goal of strengthening the country.
Textile industry will actively implement the central committee of the State Council decision deployment, based on the new stage of development, build a new development pattern, continue to deepen the reform of the supply side structural, accelerate the transformation and upgrading of industry, and many measures and improve supply system for the suitability of the domestic market, and strengthen the industrial chain's capacity for independent control of supply chain, to dissolve various risks, deal with the challenge actively, effort to keep the economy running situation improved steadily, and to ensure a smooth start "difference", to better serve the "difference" for national economic and social development during the period of new strategic requirements to make due contributions.
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