In 2019, China’s nonwovens industry overcame unfavorable factors such as slowing demand in key application areas, rapid release of new production capacity, and increased tariffs in the United States. The overall development was relatively stable, and major economic indicators still maintained a rapid growth rate.
According to data from the National Bureau of Statistics, the nonwovens output of enterprises above designated size from January to November 2019 was 4.53 million tons, a year-on-year increase of 11.14%, indicating that the demand for the nonwovens industry is still relatively strong.
In terms of economic benefits, the main business income of nonwovens enterprises above designated size from January to November was 98.93 billion yuan, a year-on-year increase of 3.6%. Due to lower raw material prices, the industry’s main business costs increased by 3.23% %, the industry’s gross profit margin increased by 0.3 percentage points, the industry’s sales and administrative expenses remained basically unchanged compared with the same period last year, financial expenses increased by 5.37%, and the operating profit margin increased by 0.6 percentage points. However, due to the impact of other factors, the industry’s total profit for the year decreased by 1.53%, and the profit margin decreased by nearly 0.3 percentage points. The main business income of listed nonwovens companies in the first three quarters increased by 3.63%.
In terms of international trade, from January to November, my country exported a total of 950,000 tons of various types of nonwovens, valued at US$2.815 billion, an increase of 7.76% and 4.04% respectively over the same period last year; The export of nonwoven fabrics from the United States was 70,000 tons, valued at US$207 million, a year-on-year decrease of 22.08% and 20.92% respectively. The impact of Sino-US trade friction on nonwovens is more significant. Vietnam has surpassed the United States to become the third largest nonwovens industry in my country. Big overseas market. In terms of value, China’s nonwovens exports to Japan and South Korea decreased by 4.84% and 2.87% respectively, while exports to Vietnam, the Philippines and Cambodia increased by 18.56%, 27.84% and 52.51% respectively, and exports to India and Indonesia also increased respectively. With growth rates of 2.18% and 4.8%, countries along the “Belt and Road” have become an important driving force for the growth of China’s nonwovens exports.
Affected by the investment cycle and a series of uncertain factors, the industry’s fixed asset investment speed has declined significantly, and companies have fewer investment projects to add production capacity. This has certain positive significance for enterprises to make full use of existing equipment capabilities and improve the overall economic benefits of the industry.
The nonwovens industry is a dynamic and underdeveloped industry. There are still many technologies that need to be broken through, areas that need to be expanded, and markets that need to be deeply explored. The industry’s growth space is still very broad. In the future, my country’s nonwovens industry will overcome various challenges and maintain healthy and sustainable development. </p
