In August 2024, the global manufacturing PMI remained below 50% for five consecutive months, and the global economy continued to operate weakly. Geopolitical conflicts, high interest rates, and insufficient policies constrained the global economic recovery; The overall domestic economic situation is stable, but the performance of supply and demand is weak, and the growth momentum is slightly insufficient. The policy effect needs to be further demonstrated. From January to August 2024, the industrial added value of China’s industrial textile industry maintained an upward trend, and the industry’s production and exports continued to improve.
In terms of production, according to data from the National Bureau of Statistics, the non-woven fabric production and curtain fabric production of enterprises above designated size increased by 9.7% and 9.9% respectively year-on-year from January to August, with a slight decline in production growth rate compared to the middle of the year.
In terms of economic benefits, according to data from the National Bureau of Statistics, the operating income and total profit of enterprises above designated size in the industrial textile industry increased by 6.8% and 18.1% year-on-year from January to August, respectively. The operating profit margin was 3.8%, an increase of 0.4 percentage points year-on-year.
From January to August, the operating revenue and total profit of enterprises above designated size in the non-woven fabric industry increased by 4% and 23.6% respectively year-on-year, with an operating profit margin of 2.6%, a year-on-year increase of 0.4 percentage points; The operating revenue and total profit of enterprises above designated size in the rope, cable, and cable industry increased by 15% and 56.5% respectively year-on-year, with profit growth exceeding 50% for three consecutive months. The operating profit margin was 3.2%, a year-on-year increase of 0.8 percentage points; The operating income and total profit of enterprises above designated size in the textile belt and curtain fabric industry increased by 11.4% and 4.4% respectively year-on-year, with an operating profit margin of 2.9%, a decrease of 0.2 percentage points year-on-year; The operating revenue of enterprises above designated size in the canopy and canvas industry increased by 1.2% year-on-year, while the total profit decreased by 4.5% year-on-year. The operating profit margin was 5%, a decrease of 0.3 percentage points year-on-year; The operating income and total profit of enterprises above designated size in the textile industry, where filtering and geotechnical textiles are located, increased by 11.1% and 25.8% respectively year-on-year. The operating profit margin of 6.2% is the highest level in the industry, with a year-on-year increase of 0.7 percentage points.
In terms of international trade, according to Chinese customs data (including 8-digit HS code statistics), the export value of industrial textiles from January to August 2024 was 27.32 billion US dollars, a year-on-year increase of 4.3%; The import value was 3.33 billion US dollars, a year-on-year decrease of 4.6%.
In terms of products, industrial coated fabrics and felt/tents are the top two export products in the industry. From January to August, the export value reached 3.38 billion US dollars and 2.84 billion US dollars respectively, an increase of 11.2% and 1.7% year-on-year; The demand for Chinese non-woven fabric rolls in overseas markets remains strong, with an export volume of 987000 tons and an export value of 2.67 billion US dollars, an increase of 16.2% and 5.5% year-on-year, respectively; The export value of disposable sanitary products (diapers, sanitary napkins, etc.) was 2.26 billion US dollars, a year-on-year increase of 3.2%; In traditional products, the export value of industrial fiberglass products and canvas increased by 6.5% and 4.8% respectively year-on-year, while the export value of string (cable) textiles increased slightly by 0.4% year-on-year. The export value of packaging textiles and leather fabrics decreased by 3% and 4.3% respectively year-on-year; The export market for wiping products continues to show a positive trend, with the export value of wiping cloths (excluding wet wipes) and wet wipes reaching $1.14 billion and $600 million, respectively, an increase of 23.6% and 31.8% year-on-year.
Dongguan Liansheng Non woven Technology Co., Ltd. was established in May 2020. It is a large-scale non-woven fabric production enterprise integrating research and development, production, and sales. It can produce various colors of PP spunbond non-woven fabrics with a width of less than 3.2 meters from 9 grams to 300 grams.
Post time: Nov-06-2024