Since 2020, in the face of the new coronary pneumonia epidemic, my country's textile industry has been steadily advancing the work of resuming production. The production supply capacity and the coordination of the operation of the industrial chain have returned to normal. In the second quarter, driven by the sharp increase in the sales of anti-epidemic assets and the slow recovery of the domestic demand market, the economic operation of the textile industry was under pressure. Although the main operating indicators from January to May were still in the negative growth range, the decline continued to narrow.

The decline in production continued to narrow, and the industrial textile industry accelerated significantly

With the steady progress of normal epidemic prevention and control, production in the textile industry gradually resumed, and the decline continued to narrow. According to data from the National Bureau of Statistics, from January to May, the industrial added value of the textile industry above designated size decreased by 8.2% year-on-year, the growth rate was 11.8 percentage points lower than the same period of the previous year, but it rose by 3.1 percentage points from January to April this year. The growth rate turned negative to positive for the first time. In all links of the industrial chain, the industrial textile industry maintained a high-speed leading trend. From January to May, the industrial added value increased significantly by 50.7% year-on-year, 58.9 percentage points higher than the growth rate of the entire industry. The apparel and home textile industries were affected by shrinking end demand, and industrial added value decreased by 12.8% and 10.6% year-on-year, respectively. From January to May, the industrial added value of the textile machinery industry decreased by 20.8% year-on-year, reflecting that the industry's investment confidence is still sluggish.

Among the major products, only the output of non-woven fabrics achieved a positive growth of 2.5% year-on-year, while the output of the remaining products decreased. From January to May, the output of chemical fiber, yarn, cloth and apparel of enterprises above designated size decreased by 3.2%, 18.1%, 27.6% and 17.9% year-on-year respectively, and the growth rate was 16.2, 19.7, 27.4 and 17.5 percentage points lower than the same period of the previous year.

The domestic demand market is recovering moderately, and the export situation is still grim

In the second quarter, my country's epidemic prevention and control situation continued to improve, residents' consumption activities increased, and domestic demand for textiles and clothing recovered moderately. According to data from the National Bureau of Statistics, from January to May, the retail sales of apparel, shoes, hats, and needle textiles in units above designated size nationwide fell by 23.5% year-on-year, a 5.5% increase from January to April this year. Online consumption continued to improve, and the retail sales of online wearable goods nationwide decreased by 6.8% year-on-year, a decrease of 5.2 percentage points from January to April.

Looking forward to the whole year, the domestic and foreign development environment faced by my country's textile industry is still complex and severe, and the risk challenge factors have increased significantly. The new crown pneumonia epidemic has caused the global economy to fall into recession. The lack of demand in the international market is still normal in the second half of the year, and the export situation of the textile industry is still grim. However, the domestic epidemic prevention and control situation is gradually improving, and the order of residents’ life and production is accelerating. The national “six stability” and “six guarantees” policies help residents to secure employment and stabilize income. Various positive factors continue to accumulate, which will provide more It provides important support for favorable domestic demand and provides an important guarantee for enterprises to focus on solving various risk challenges.

Haian County Qinfeng Chemical Fiber Co., Ltd. ranks among the high-quality enterprises in the industry with its single-stream professional technical strength, front-end quality inspection system and perfect quality inspection system, specializing in the production of pp staple fiber, polypropylene staple fiber, polyester staple fiber, and functional polypropylene staple fiber Fiber, functional polyester staple fiber, etc.

If you want to know more product information, please contact: Mr. Qian 13962787918, 13813743991 Website: http://www.glory-fiber.com/