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Chinese Textile Industrial Added Value Growth Rate Gradually Stabilized Throughout The Year Amounted To 4.8%

Apr 01, 2018

China Textile Industry Federation 22 revealed that after entering 2017, China's textile industry added value growth rate was gradually stabilized, and reached 4.8% in 2017. The development of China's textile industry basically shifted from shifting to smoothing.

China Textile Industry Federation released the industry economic operation analysis and the 2018 outlook in November 2017 22. According to the introduction, the high quality development of China's textile industry in November 2017 is mainly reflected in the increase of growth efficiency and the high utilization rate of capacity.

During the period of steady growth of domestic demand, the external demand market is also gradually warming up. In the first November of 2017, the European Union, the United States and the Japanese market in China's textile traditional export market all reversed the negative growth last year.

In November 2017, the fixed assets investment in China's textile industry increased 6.29% compared to the same period last year. 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. In 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, consumption demand will grow steadily. According to the analysis, China's domestic consumption growth is steady, and its growth rate is expected to be basically the same as that in 2017. In 2018, is expected to price trend is relatively stable. The supply and demand pattern of the international cotton market is relatively loose, and there is a lack of a substantial increase in the price base. The price difference between the domestic cotton and the international market is expected to be controlled in a reasonable range.

As the oversupply of international crude oil is gradually eased, the price of international crude oil will rise. 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.