China Textile Industry Federation 22 revealed that after entering 2017, China's textile industry added value growth rate gradually stabilized, reaching 4.8% in 2017. The development of China's textile industry basically shifted from shifting to smoothing.
The China Federation of textile industry 22 released the industry economic operation analysis before 2017 and the 2018 outlook in November. According to the introduction, the high quality development of China's textile industry in 2017 was mainly reflected in the growth of efficiency and the high utilization rate of capacity in November.
During this period, domestic demand grew steadily, while the external demand market gradually recovered. In 2017, November, the European Union, the United States and Japan in the traditional textile export market of China all reversed the negative growth last year.
Fixed assets investment in China's textile industry increased by 6.29% in 2017 before November. From the regional structure, the investment growth in the eastern region is 8.7%, 4.5% more than the previous year, accounting for 80.1% of the national investment increment. The higher growth rate in the eastern region shows that the higher growth rate of enterprise transformation and upgrading is high. Over the same period, the profit margin of China's textile industry was 5.26%, an increase of 0.13% compared with the same period last year, and profitability has been enhanced.
Looking forward to the sustained recovery of the global economy in 2018, consumer demand will generally grow steadily. According to the analysis, China's domestic consumption growth is steady, and the growth rate is expected to be basically the same as that in 2017. In 2018, it is expected that the trend of cotton prices is relatively stable. The supply and demand pattern of the international cotton market is relatively loose, and there is a lack of a substantial price base; the price difference between domestic cotton and the international market is expected to be controlled in a reasonable range.
International crude oil prices will rise as the oversupply of international crude oil is gradually eased. This will increase the cost of chemical fiber material, but it will also support the market price of the downstream chemical fiber products. China's chemical fiber industry is expected to continue to maintain the rapid growth momentum since 2017.