2021 global textile and clothing will show a positive trend

02-04 2021


General Administration of Customs released the national exports of key commodities in November 2020 volume value table can be found, January to November cumulative export value than the same period in 2019 rose the highest rate of goods for medical instruments and apparatus, an increase of 42.5%. In second place is a 31% year-on-year increase in textile yarns, fabrics and products, which also increased by nearly 21% for the month. As a thin commodity, along with rising labor costs, the U.S.-China trade war and other factors, some textile foreign trade orders would have flowed out of China. Current orders are down an average of 31 percent, with declines ranging from 20 percent in East Asia to 41 percent in South America. Companies around the world expect turnover in 2020 to be significantly lower than in 2019. On average globally, turnover in 2020 is expected to be 28% lower than in 2019, with South Asia's expected turnover falling by 15%, while companies in Africa are expected to decline by 45%.

At present, the scale of China's textile industry has exceeded 50% of the global, chemical fiber production accounted for 70% of the world, trade accounted for one-third of the world; from the industrial integrity, China's industrial chain is the most complete, the most complete product variety; from the manufacturing level, China's fiber raw materials, spinning and weaving, clothing home textile process manufacturing and equipment level has been mostly in the international advanced level. How about the future of the textile industry market peak period?

2021 global textile and apparel will show a positive trend

With the domestic Spring Festival approaching, vaccines are widely used at home and abroad, coupled with the signing of RCEP may benefit China's textile and apparel exports, the global textile and apparel market may show a continued positive trend. Foreign textile and apparel demand marginal or will continue to improve, China's textile and apparel export performance is expected to continue to improve. In the period from January to November this year, China's textile and apparel exports reached 265.2 billion U.S. dollars, an increase of 9.9%.

Textiles are divided into three major parts: apparel, home textiles and technical textiles. Technical textiles, also known as technical textiles abroad, are textiles specially designed with specific functions and used in industry, medical and health care, environmental protection, geotechnical and construction, transportation, aerospace, new energy, agriculture, forestry and fisheries.

In 2019, enterprises above the scale of China's technical textiles industry (not full-caliber) achieved a main business income of 235.93 billion yuan, up 1.2% year-on-year, with a total profit of 11.88 billion yuan, down 4.3% year-on-year, and the average profit margin of enterprises was 5.9%, down 0.3 percentage points compared with the same period in 2018.In 2019, due to the prices of major textile raw materials running at a low level and the implementation of the national policy of reducing fees and taxes, the gross profit margin and operating profit margin of the industrial textile industry increased by 0.5 percentage points, but the changes in non-operating income and expenses led to a decrease in the profit level of the industry.The business differentiation among enterprises continued to expand in 2019, with the loss surface of enterprises above the scale of the industry reaching 12% and the loss amount of loss enterprises increasing by 29.4% year-on-year.

From January to May 2020, the operating income and total profit of enterprises above the scale of the industrial textile industry were 103.92 billion yuan and 12.69 billion yuan, up 13.25% and 189.08%, respectively, and the profit margin of the industry was 12.21%, up 7.43 percentage points, and the gross profit margin of the industry was 21.47%, up 7.64 The industry's gross profit margin was 21.47%, an increase of 7.64 percentage points over the same period in 2019.

Technical textiles industry "Thirteenth Five-Year Plan" development plan for the first time put forward six national key development strategy supporting projects, the industry development embedded in the consideration of national strategic development. These six areas are: strategic emerging industries supporting projects, environmental protection supporting projects, health and elderly industry supporting projects, emergency and public safety industry supporting projects, "one belt and one road" strategy supporting projects, "civil-military integration" supporting projects.



Online consulting

Ruihong Textile Co.,Ltd

ADDR:Huanchen Development Zone, Jiapu Town, Changxing County, Zhejiang Province, China.



Access on Mobile