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In the first half of the year, China's textile industry saw steady growth in production, while consumption and foreign trade advanced moderately!
According to statistics, the production of major products in the textile industry has been stable with progress in the first half of this year. From January to June, the added value of the textile industry increased by 4.1% year-on-year in total, maintaining a steady growth trend. Among the main products, the cumulative output of chemical fibers was 42.36 million tons, increasing by 4.9% year-on-year, maintaining a good growth trend. The cumulative output of cloth reached 15.4 billion meters, remaining the same as the previous year and maintaining a stable output. The production end of the industry as a whole shows the characteristics of "stabilizing the scale of traditional categories and expanding the increment of chemical fiber categories".
The consumer market continues to recover. From January to June, the total retail sales of clothing, shoes, hats and needle and textile products by units above the designated size across the country reached 742.6 billion yuan, increasing by 3.1% year-on-year, continuing the moderate growth trend since the first quarter. In terms of online consumption, the cumulative retail sales of physical goods such as clothing online increased by 1.4% year-on-year. Although it has picked up compared with the beginning of the year, the growth rate remains relatively slow, reflecting that the consumer market is gradually warming up in the process of structural adjustment.
Textile foreign trade saw a slight increase. From January to June, China's cumulative exports of textiles and garments reached 143.98 billion US dollars, up by 0.8% year-on-year, continuing the growth trend of foreign trade. Looking at it in detail, textile exports performed better, with a cumulative export volume of 70.52 billion US dollars, representing a year-on-year growth of 1.8%. Clothing exports reached 73.46 billion US dollars, a slight decrease of 0.2% year-on-year.
The investment intensity has continued to increase. From January to June, the cumulative fixed investment in the textile industry increased by 14.5% year-on-year, demonstrating the industry's confidence in long-term development and laying a foundation for its transformation and upgrading.
Guangdong Modern High-tech Fiber Co., Ltd.: http://m.gzhaisou.com/, the company specializing in the production of: polypropylene fiber silk, polypropylene fiber network polyester FDY such, polypropylene and twisting, high strength polypropylene times in twisting, polypropylene fiber ATY silk, polypropylene fine denier filament. Stay tuned!
