Statistical Data: Analysis On The Operation Of Industrial Textile Industry In The First Ten Months

From January to October 2024, the global economy as a whole showed a stable but sluggish growth trend, inflation declined but there were still uncertainties, international trade showed signs of recovery but faced many challenges, and emerging economies showed some resilience; Domestic industrial production, fixed asset investment, consumer market and other fields performed well, and positive factors accumulated. Although some indicators fluctuated, the overall economy showed a positive trend. From January to October 2024, China's industrial textile industry has made steady progress in economic operation, and the industrial added value of the industry has maintained year-on-year growth.

In terms of production, according to the data of the National Bureau of Statistics, from January to October, the production of nonwovens and cord fabrics of enterprises above designated size increased by 4.1% and 8.6% respectively year on year, and the production growth rate has been adjusted.

In terms of economic benefits, according to the data of the National Bureau of Statistics, from January to October, the operating income and total profit of enterprises above designated size in the industrial textile industry increased by 6% and 16.1% respectively year on year, and the operating profit margin was 3.9%, an increase of 0.3 percentage points year on year.

In terms of fields, from January to October, the operating income and total profit of enterprises above designated size in the nonwovens industry increased by 3.5% and 25.6% year on year respectively, and the operating profit margin was 2.8%, up 0.5 percentage point year on year; The operating income and total profit of enterprises above designated size in the rope, cable and cable industry increased by 13.8% and 45% respectively year on year, with an operating profit margin of 3%, up 0.7 percentage points year on year; The operating income and total profit of enterprises above designated size in the textile belt and cord fabric industry increased by 9.7% and 3.9% respectively year on year, and the operating profit margin was 3%, down 0.2 percentage points year on year; The operating income of enterprises above designated size in the awning and canvas industry was basically the same as that of the same period last year, with the total profit down 11.9% year on year, and the operating profit margin was 4.7%, down 0.7 percentage points year on year; The operating income and total profit of enterprises above the designated size in other industrial textile industries where filter and geotextile are located increased by 10.2% and 22.2% respectively year on year, and the 6.3% operating profit margin maintained the highest level in the industry, up 0.6 percentage points year on year.

In terms of international trade, according to Chinese customs data (customs 8-digit HS code statistics), the export volume of industrial textiles industry from January to October 2024 was 33.9 billion US dollars, up 5.3% year on year; The import volume was 4.18 billion US dollars, down 3.9% year on year.

In terms of products, the top two export products of the industry - coated fabrics and felt cloth/tents - had export volumes of 4.18 billion US dollars and 3.32 billion US dollars from January to October, up 10.9% and 2.2% year on year respectively; The export volume of nonwovens was 1.241 million tons, with an export volume of 3.32 billion US dollars, up 15.4% and 5.2% year on year respectively; The export volume of disposable sanitary products (diapers, sanitary napkins, etc.) was 2.89 billion US dollars, up 5.7% year on year; Among the traditional products, the export volume of canvas, industrial glass fiber products and cord (cable) textiles increased by 7.7%, 7.4% and 1.6% respectively year on year, while the export volume of packaging textiles and leather based fabrics decreased by 1.9% and 3.6% respectively year on year; The export market demand of wiping products continues to be strong, with the export volume of wiping cloth (excluding wet wipes) and wet wipes reaching US $1.42 billion and US $750 million respectively, up 23.1% and 27.4% year on year respectively.

(Source: China Industrial Textile Industry Association)