Development Status and Prospect Analysis of Textile Industry 2023

Development Status and Prospect Analysis of Textile Industry 2023

At present, China’s textile and garment industry has a stable position in the global value chain, and the overall competitiveness of the industrial chain continues to increase. In 2020, my country’s total textile fiber processing will reach 58 million tons, accounting for more than 50% of the world’s total fiber processing, and chemical fiber production will account for more than 70% of the world’s total. In 2020, my country’s textile and apparel exports will reach 291.2 billion US dollars, accounting for 37.5% of the world, ranking first in the world. Among them, the proportion of textile exports in the world will increase from 37.4% in 2016 to 46.9% in 2020. The proportion of apparel exports in the world will drop from 35.5% in 2016 to 30.6% in 2020.

In April last year, the Ministry of Industry and Information Technology and the National Development and Reform Commission jointly issued the “Guiding Opinions on the High-quality Development of the Industrial Textile Industry” that pointed out that industrial textiles are used in industry, agriculture, infrastructure, medical and health, environmental protection, etc. The field is an important part of the new material industry and an important direction for the high-end textile industry.

According to the “2023-2028 Textile Industry Competition Pattern and “14th Five-Year” Enterprise Investment Strategy Research Report” written by Zhongyan Puhua Research Institute:

Analysis of the Development Status and Investment Opportunities of the Textile Industry

The garment industry is one of my country’s traditional pillar industries and plays an important role in the national economy. In recent years, my country’s textile and garment industry has developed greatly and has also promoted the development of the national economy to a large extent.

The garment manufacturing industry is in the middle and lower reaches of the entire garment industry chain, and it is also an area where my country’s garment industry operators are relatively concentrated. In terms of industrial added value, garment production is in the labor-intensive value link with low added value in the entire industrial chain, that is, at the bottom of the “smile curve”. This link has low entry barriers, strong product substitution, and is basically in a complete Industry characteristics of competitive state.

From the perspective of the development of my country’s clothing industry, the clothing industry itself is a labor-intensive industry, known as an “industry that will never decline”, and its development prospects are indeed extremely attractive.

Before joining the WTO, the export growth rate of China’s textile and garment industry was low, and its share in global exports was low. my country formally joined the World Trade Organization in December 2001. Before joining the WTO, from 1995 to 2000, my country’s textile export value increased from 13.927 billion US dollars to 16.152 billion US dollars, with an average annual compound growth rate of about 3.01%, and the proportion of global textile exports increased from a minimum of 7.9% to 10.3%; The value of my country’s clothing exports increased from 24.009 billion US dollars to 36.02 billion US dollars, with an average annual compound growth rate of about 8.45%, and the proportion of global clothing exports increased from a minimum of 15% to 18.2%.

After joining the WTO, China’s textile and garment industry ushered in a golden decade, and its export share in global exports continued to increase. After joining the World Trade Organization, my country’s textile and garment industry began to deeply integrate into the global industrial chain, and the development of the industry entered the fast lane. From 2001 to 2010, my country’s textile export value increased from 16.842 billion US dollars to 77.051 billion US dollars, with an average annual compound growth rate of 18.41%, and the proportion of global textile exports increased from 11.4% to 30.5%; my country’s clothing export value increased from 36.562 billion The U.S. dollar increased to 129.478 billion U.S. dollars, with an average annual compound growth rate of about 15.09%, and the proportion of global clothing exports increased from 18.8% to 36.5%.

Since the beginning of 2022, under the complex environment at home and abroad, textile enterprises have insisted on promoting transformation and upgrading, and achieved steady growth in effective investment in areas such as intelligent, green technology transformation and upgrading, and regional layout adjustment. According to the data, in the first half of 2022, the fixed asset investment in my country’s textile industry and clothing industry increased by 11.9% and 33.8% year-on-year respectively, of which the growth rate of textile industry investment slowed down by 3.3 percentage points year-on-year, and the growth rate of clothing industry investment increased by 28 percentage points year-on-year .

In 2022, affected by the internal and external environment, the production of China’s textile and garment industry will face challenges. In 2022, affected by factors such as the rebound of the domestic epidemic situation and the more complex international political and economic environment, my country’s textile and garment industry has faced risk challenges such as phased suspension of work and production in some areas, poor logistics operation, and high raw material prices. The production and operation situation has fluctuated . As the situation of epidemic prevention and control gradually stabilizes, and the production and sales of enterprises gradually recover, the industry’s prosperity is expected to gradually recover.

Since the “Thirteenth Five-Year Plan”, the fiber processing volume of China’s industrial textile industry has shown a large volume and stable growth rate, with an average annual growth rate of 5.6%. According to preliminary statistics, the total fiber processing volume of my country’s industrial textile industry will reach 19.6 million tons in 2022, a year-on-year increase of 1.1%. As the main raw material for industrial textiles, the output of nonwovens in my country was 8.35 million tons, a year-on-year increase of 1.8%.

According to the relevant information released by the Ministry of Industry and Information Technology, during the “13th Five-Year Plan” period, the proportion of industrial textile fiber processing in my country’s total textile fiber processing increased from 25.3% to 33%. Industrial textiles such as protective clothing have made important contributions to national key projects and the prevention and control of the new crown.

Before the epidemic, the growth rate of China’s textile and clothing exports slowed down, but its share of global exports remained above 30%. From 2011 to 2019, my country’s textile export value increased from 94.669 billion US dollars to 120.199 billion US dollars, with an average annual compound growth rate of 3.03%, and the proportion of global textile exports increased from 30.5% to 39.3%; my country’s clothing export value increased from 153.22 billion The U.S. dollar increased to 186.285 billion U.S. dollars in 2014. Since then, the export volume has declined, and the proportion of global apparel exports has dropped to 30.6%, which remains above 30%.

Under the epidemic situation, China’s textile and clothing exports have shown resilience, and their export advantages have remained stable. (1) Exports in 2020: In 2020, due to the rising demand for export of epidemic prevention materials, my country’s textile exports reached US$153.839 billion, a year-on-year increase of 29.2%, accounting for 46.9% of global textile exports; affected by overseas epidemics, my country’s clothing exports Exports were US$137.382 billion, a year-on-year decrease of 6.4%, accounting for 30.6% of global apparel exports.

Today, under the spring breeze and warm sun, the garment industry is recovering steadily. Chen Dapeng, vice president of China Textile Industry Federation and president of China Garment Association, said that with the overall improvement of my country’s economy, the domestic clothing consumption market will continue to recover this year, and the consumption scale will steadily increase. Standing at the starting point of the new cycle of industrial resilience growth, the garment industry has entered a new track of continuous acceleration of industrial recovery and comprehensive acceleration of transformation and upgrading.

The clothing industry is expected to warm up. According to the China Garment Association, my country’s garment industry will enter a restorative and normalized development cycle after experiencing a phased decline. Based on the low base effect of the industry’s operation in 2022 and the strong support of the domestic cycle, it is expected that the overall economic operation of the industry will improve in 2023. , the development trend of “resilient growth and steady recovery” is obvious.

Market Prospect Analysis of Textile and Garment Industry

In 2022, key enterprises in the industry will remain active in investing in complete equipment projects such as high-speed spunmelt composite production lines, two-component spunbonded nonwovens production lines, and wood pulp composite spunlace nonwovens production lines. In addition, high-quality personal care products, high-end geosynthetics, high-performance filter materials and safety protection industry chain are also the focus of industry investment.

According to the survey of nearly 300 sample enterprises by the China Industrial Textiles Industry Association, among the sample enterprises with investment intentions in 2023, the proportion of investment intentions in the upgrading of existing equipment, plant construction, intelligent and green transformation has reached 66.2%, the high-quality investment of industry enterprises continues to increase.

At present, the scale and technical level of Xinjiang’s cotton spinning industry ranks among the top in the country. The weaving, printing and dyeing, clothing, home textile and knitting industries have begun to take shape. Textile production base, viscose fiber production base and the main garment processing base in Northwest my country.

In the development process of the textile and garment industry, there are certain differences in the development models and comparative advantages of different countries. At present, in the development of the textile and clothing industry, developed countries have obvious advantages in technology research and development, branding, channel laying, etc., and the product structure is steadily optimized and upgraded. In contrast, labor costs in developing countries have a comparative advantage. At the same time, with the successive opening and implementation of regional trade agreements in some countries, the trade costs of relevant countries may be reduced to a certain extent, making India, Vietnam, Pakistan and other developing countries in the development process of the textile and clothing industry in recent years Overall, there is an upward trend.

China’s domestic market is large, and it showed an overall growth trend before the epidemic. my country’s large population has created a huge domestic market for my country’s textile and garment industry. With the rapid growth of my country’s economy, the steady increase of national income and the steady advancement of consumption upgrading, the scale of my country’s domestic textile and clothing market has shown an overall growth trend.

The report on the textile and garment industry makes a detailed analysis of the development status, competition pattern and market supply and demand situation of China’s textile and garment industry, and analyzes the opportunities and challenges faced by the industry from the aspects of the industry’s policy environment, economic environment, social environment and technical environment. It also focused on analyzing the current operating status and development pattern of key enterprises, and made a professional prediction on the development trend of the industry in the next few years