In the first two months of 2024, the global economic situation is relatively stable, the manufacturing industry gradually get rid of the weak state; the domestic economy with the macro combination of policy leaning forward to continue to recover, coupled with the Chinese New Year holiday driven by the strength of the national economy started steady, steady rise. 2024 January-February industrial textiles industry’s industrial added value growth rate since 2023 January-February negative growth for the first time to achieve positive, the industry economy started well, the volume and effect of both growth. The industry’s economy started well, with both volume and efficiency increasing.
Production, according to the National Bureau of Statistics data, January-February nonwovens production（like spunbond, meltblown, etc of enterprises above designated size increased by 6.2% year-on-year, the market dynamics gradually recovered, the production and supply of synchronized rebound to the good; with the new automobile production as well as the increase in automobile ownership, the production of cord fabrics increased by 17.1% year-on-year.
Economic efficiency, according to the National Bureau of Statistics data, January-February industrial textiles industry operating income and total profits of enterprises above designated size increased by 5.7% and 11.5% year-on-year, the industry’s profitability has returned to the upward channel, the operating profit margin of 3.4%, an increase of 0.2 percentage points.
Sub-fields, January-February nonwovens（like spunbond, meltblown, etc enterprises above designated size of operating income and total profits fell by 1.9% and 14% year-on-year, the operating profit margin of 2.3%, a year-on-year decline of 0.3 percentage points.
Filtration,geotextiles where the other industrial textiles above-scale enterprises’ operating income and total profit increased by 12.9% and 25.1% year-on-year, and 5.6% of the operating profit margin for the industry’s highest level.
In terms of international trade, according to China Customs data (Customs 8-digit HS code statistics), the export value of China’s industrial textiles industry in January-February 2024 amounted to 6.49 billion U.S. dollars, a year-on-year increase of 12.8%; the industry’s imports in January-February amounted to 700 million U.S. dollars, a year-on-year decrease of 10.1%.
Sub-products, industrial coated fabrics, felt/tent is currently the industry’s top two export products, exports were $ 800 million and $ 720 million, respectively, an increase of 21.5% and 7% year-on-year; the global market demand for China’s nonwovens, the export volume of 219,000 tons, a year-on-year increase of 25%, the export value of 610 million U.S. dollars, a year-on-year increase of 10.4%.
Overseas markets for disposable hygiene products ( like medical industry protection remained active, with exports amounting to US$540 million, a year-on-year increase of 14.9%, of which the increase in the export value of adult diapers was particularly marked, up 33% year-on-year.
Among the traditional products, the export value of canvas and leather-based fabrics increased by more than 20% year-on-year, and the export value of cord (cable) belt textiles, industrial glass fiber products, and packaging textiles also increased to different degrees year-on-year.
Overseas demand for wipes maintained growth, with exports of wipes (excluding wet wipes) amounting to $250 million, up 34.2% year-on-year, and exports of wet wipes amounting to $150 million, up 55.2% year-on-year.