At present, my country’s fiber processing volume accounts for more than 50% of the world’s total, and the scale of the textile industry ranks first in the world. The development of the textile industry has driven the development of the textile machinery industry. my country’s textile machinery industry has reached a relatively large scale and has formed a relatively complete industrial chain layout.
The scale of the textile machinery industry
According to According to statistics from the China Textile Machinery Association, in 2019, the total assets of my country’s textile machinery industry were 107.229 billion yuan, a year-on-year increase of 4.94%. Affected by multiple factors such as Sino-US trade friction, slowdown in domestic and foreign market demand, and continued increase in comprehensive costs, in 2019, my country’s The revenue and profits of the textile industry have declined compared with 2018. As the upstream of the textile industry, the textile machinery industry has also experienced a decline in revenue and profits. In 2019, the operating income of my country’s textile machinery industry was 81.952 billion yuan, a year-on-year decrease of 7.00%; the total profit reached 5.867 billion yuan, a year-on-year decrease of 3.60%.
In the five years from 2014 to 2018, in terms of textile machinery sales revenue and total profits, the scale of my country’s textile machinery industry has shown an overall upward trend. With the deepening of industrial structural adjustment, domestic mid- to high-end textile equipment has developed rapidly, and the overall operation of the textile machinery industry has been stable and growing. In 2019, affected by Sino-US trade friction and other factors, the main business income of my country’s textile machinery industry declined compared with the previous year.
▲Data source: compiled by China Textile Machinery Association and China Business Industry Research Institute
China’s textile machinery import and export situation
According to customs statistics, my country’s total textile machinery import and export volume in 2018 was US$7.387 billion, a year-on-year increase of 6.78%. Among them: textile machinery exports were US$3.666 billion, a year-on-year increase of 7.20%; imports were US$3.721 billion, a year-on-year increase of 6.36%. From 2014 to 2018, my country’s textile machinery exports showed a “steady and rising” trend, and the overall import amount showed a downward trend. In 2019, my country’s total textile machinery import and export totaled US$7.116 billion. Among them: textile machinery exports were US$3.783 billion, a year-on-year increase of 2.96%; imports were US$3.333 billion, a year-on-year decrease of 10.49%. From 2014 to 2019, my country’s textile machinery exports showed a “steady and rising” trend, and the overall import amount showed a downward trend.
▲Data source: Compiled by the General Administration of Customs and China Commercial Industry Research Institute
Adjustment of product structure
In recent years, the product structure of domestic textile machinery has been continuously adjusted. Automated and intelligent textile machinery equipment that improves yarn quality and saves labor has become the first choice for domestic textile companies in new projects. Products such as rotor spinning machines and rapier looms have performed outstandingly. From 2015 to 2018, the market sales of major domestic rotor spinning machines and rapier looms showed an overall growth trend. In 2019, affected by multiple factors such as the international trade situation and the slowdown in domestic and foreign market demand, the sales of major domestic rotor spinning machines and rapier looms were stable and slowing down.
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