Textile industry operation trend report for the first three quarters of 2019 released

2019-11-08

Since 2019, the domestic and international development environment of my country's textile industry has become more severe. Slowing market demand is intertwined with risks in the trade environment, and challenges and difficult factors have increased significantly. The textile industry insists on deepening the supply-side structural reform and continues to accelerate transformation and upgrading. Under the circumstances of increasing pressure on production and operation, the resilience to withstand downward risk pressure continues to show, the prosperity remains in the expansion range, and the economic operating situation is basically in line with the external situation. consistent.

Since 2019, the prosperity of the textile industry has continued to be in an expansion range. According to survey data from the China Textile and Apparel Industry Federation, the textile industry prosperity index in the third quarter was 51.9, continuing to remain in the expansion range above 50, slightly lower than 0.1 points in the second quarter.

Textile industry operation trend report for the first three quarters of 2019 released

The start-up situation of the textile industry is generally normal, and production maintains low-speed and steady growth. According to data from the National Bureau of Statistics, in the first three quarters of 2019, the production capacity utilization rate of the textile industry (including spinning, weaving, dyeing and finishing, home textiles, industrial use, etc.) was 78%, 2.6 percentage points slower than the same period last year; the production capacity of the chemical fiber industry The utilization rate was 83.1%, 1.1 percentage points higher than the same period last year; the capacity utilization rates of the textile industry and chemical fiber industry were both higher than the 76.2% capacity utilization level of the national industry in the same period. The industrial added value of enterprises above designated size in the textile industry increased by 2.9% year-on-year, and the growth rate was the same as the same period last year, 0.7 percentage points slower than the first half of this year. Among all links in the industrial chain, the production growth of the chemical fiber and industrial textile industries was more stable. The industrial added value in the first three quarters increased by 12.3% and 7.4% year-on-year respectively, which was 9.4 and 4.5 percentage points higher than the growth rate of the added value of the entire industry respectively.

Textile industry operation trend report for the first three quarters of 2019 released

The export pressure of the textile industry continues to increase. According to customs data, in the first three quarters, my country's textile and apparel exports totaled US$208.62 billion, a year-on-year decrease of 2.3%, and the growth rate slowed down by 7 and 0.3 percentage points compared with the same period last year and the first half of this year respectively. Among them, textile exports were US$94.3 billion, a year-on-year increase of 0.4%; clothing exports were US$114.31 billion, a year-on-year decrease of 4.5%. Although the Sino-US trade friction has not yet had an overall impact on the economic operation of the entire industry, the impact of the US tariff increases on exports has gradually emerged. In the first three quarters, my country's textile and apparel exports to the United States fell by 3.3% year-on-year; due to clothing, Home textiles and other bulk products exported to the United States have been subject to an additional 15% import tariff since September 1. my country's textile industry's exports to the United States fell by 18.8% that month.

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