In the first half of 2023, the global economy was in a fragile recovery, and although the growth prospects improved, they still faced high levels of uncertainty; The domestic economy is rebounding and improving, but the foundation for sustained economic recovery and development is still unstable. The industrial textile industry in China continues to be in a period of adjustment after the explosive growth of demand for epidemic prevention materials and then a sharp decline. The release of significantly invested production capacity has impacted the supply and demand system, and competition in related fields has intensified; Other fields beyond the epidemic prevention material industry chain have maintained relatively stable development.
Since the outbreak of the epidemic in 2020, there has been a significant oscillation in the industrial added value of China's industrial textile industry. In 2020, the growth rate of industrial added value in the industry reached a historical high, and rapidly declined in 2021. After 2022, growth began to recover, reaching its highest point in the first half of 2022. Since then, the growth rate has slowed down, and since 2023, it has once again entered a downward range.
1、 Market demand and production
According to the association's research on member companies, 45.9% and 39.2% of the surveyed companies respectively reported varying degrees of decline in domestic and international market demand in the first half of 2023 (Figure 3), with domestic and international market demand indices of 37.8 and 46.1, respectively, decreasing by 5.1 and 3.9 compared to the first quarter (42.9 and 50.0). From a sectoral perspective, the domestic demand market for textiles for transportation and structural reinforcement continues to recover, with the domestic market demand index above the boom and bust line; In terms of international orders, the international market demand index for non-woven fabrics, safety and protective textiles, and filtration and separation textiles is above the boom and bust line. Among them, the demand for non-woven fabrics in overseas markets has significantly rebounded compared to the first quarter.
In terms of hand orders, 32.2% of surveyed enterprises have relatively stable and continuous order sources or can support production for more than three months in hand orders, while 28.3% of surveyed enterprises can only support production within one month in hand orders. According to the scale of the enterprise, the orders in hand of large enterprises are more stable and sufficient, which can support longer production periods; Most of the orders in hand for small and medium-sized enterprises can only support production within one or even half a month.
Despite a decline in market demand, the industry's capacity utilization rate remains stable. According to the association's research, the average capacity utilization rate of the industry in the first half of 2023 reached 71.7%, an increase of 0.7 percentage points compared to the first quarter. Among them, the proportion of enterprises with a capacity utilization rate of over 70% increased by 3.8 percentage points compared to the first quarter.
According to data from the National Bureau of Statistics, the production of non-woven fabrics by enterprises above designated size decreased by 2.2% year-on-year from January to June 2023, and the decline has continued to narrow since the first quarter; The production of cord fabric increased by 2.8% year-on-year, reversing the long-term downward trend.
2、 Economic benefits
According to data from the National Bureau of Statistics, from January to June 2023, the operating revenue and total profit of enterprises above designated size in the industrial textile industry decreased by 7.6% and 41.5% respectively year-on-year, with a profit margin of 2.9% and a year-on-year decrease of 1.7 percentage points.
From a field perspective, non-woven fabrics above the designated scale from January to June