[Foreword]
Since 2019, the risks and challenges faced by my country’s textile industry have continued to increase. The momentum of global manufacturing activity has severely weakened, trade and geopolitical risks have increased, and market confidence has been sluggish. Under the severe external situation, the operating costs of the knitting industry have increased, the overall profits of enterprises have declined, and the growth rate of the domestic market has slowed down significantly compared with 2018. In the first three quarters of this year, the export pressure of my country’s knitting industry has increased significantly, and the economic downward trend is obvious. Although the development situation of both domestic and foreign markets is not optimistic, as the high-quality development of the knitting industry continues to advance, it also brings unlimited possibilities for product and technological innovation in the knitting industry. Leading companies in the knitting industry are accelerating to seize the new product track. New technologies, new materials, new products, and new channels in the industry are constantly emerging. Enterprises’ technological innovation capabilities have been greatly improved; the development trend of high-end, diversified, and functional products has become increasingly obvious. In 2020, the industry has high expectations for the market performance of the knitting industry.
Industry operation: Overall improvement in quality and efficiency of enterprises above designated standards
News review: Since 2019, the risks and challenges faced by the textile industry have continued to increase. According to statistics from the National Bureau of Statistics, from January to September 2019, 5,668 enterprises above designated size in the knitting industry completed main business income of 449.442 billion yuan, a year-on-year increase of 3.66%. The growth rate was 1.66 percentage points lower than the same period last year. The main business income growth rate was higher than Textile industry 2.17 percentage points. Among them, 2,051 enterprises above designated size in knitted fabrics completed main business income of 163.766 billion yuan, a year-on-year increase of 1.88%, and the growth rate was 5.21 percentage points lower than the same period last year; 3,617 enterprises above designated size in knitted clothing completed main business income of 285.676 billion yuan, a year-on-year increase 4.70%, a growth rate of 0.74 percentage points compared with the same period last year. From January to September, the overall quality and efficiency of the industry improved slightly, and overall profits maintained positive growth. The profit growth rate of knitted fabrics was faster than that of terminal knitted garments. According to statistics from the National Bureau of Statistics, the total profit of 5,668 enterprises above designated size in the knitting industry from January to September was 20.207 billion yuan, a year-on-year decrease of 1.88%. The overall export of the knitting industry declined from January to September, and the export situation of knitted fabrics was better than that of knitted garments and accessories. According to customs statistics, from January to September 2019, the cumulative export volume of enterprises above designated size in the knitting industry was 67.443 billion yuan, a year-on-year decrease of 2.45%. Among them, the export volume of enterprises above designated size in knitted fabrics was 13.907 billion yuan, a year-on-year increase of 0.33%. Knitted clothing and accessories The export volume of enterprises above designated size was 53.536 billion yuan, a year-on-year decrease of 3.14%; the export volume of knitted garment enterprises above designated size was 43.742 billion yuan, a year-on-year decrease of 3.72%.
Editor’s comment:
In the future, the domestic and foreign macroeconomic situation faced by the industry will still become increasingly severe. Internationally, on the one hand, the overall growth of the global manufacturing industry is shrinking, international trade frictions are escalating, and regional trade protectionism is intensifying, leading to increasingly fierce competition in the global market; on the other hand, the demand momentum of the consumer market is weakening and market confidence is significantly weakened. This has led to a decline in consumer purchasing power; coupled with the weakening of the industry’s traditional advantages and the yet to be established new competitive advantages, the international market demand has continued to shrink, the industry’s export pressure has increased significantly, and the economic downward trend is obvious. Domestically, industry operating costs are rising, market and inventory pressures are intensifying, domestic consumption upgrades are becoming more difficult to adapt to, and consumer confidence is weakening. It can be seen that the development situation of the knitting industry is not optimistic. However, as the structural reform of the industry intensifies in depth and the pace of high-quality development continues to advance, the cost pressure on industry enterprises may gradually ease during the dividend release period of the country’s large-scale tax and fee reduction measures. Domestic market pressure is also expected to A series of policies to “stabilize employment and promote consumption” were gradually implemented during the process.
Seize the track: Fully molded knitting is favored by enterprises
News review: As a knitting industry with a relatively complete industrial chain, starting from source yarn, to equipment, process flow reengineering, design and development, and to finished products, high quality and coordinated development are becoming trends. In the field of knitting, the competition of traditional products has become a “red ocean”. The leading companies are always strong, and it is increasingly difficult for new entrants to win a place. In this context, some R&D-oriented companies intend to break through on functional specialty products and seize new tracks in related fields. At the PH Value exhibition held in March this year, a “war” of new knitwear products was staged, including 3D printed knitted garments, fully formed seamless sports knitted garments, knitted dresses, functional knitted garments, 3D warp knitted uppers… The popularity of related knitted products continues to increase. In addition to the unique comfort of knitted products, these products are loved by consumers. The enrichment, fashion and technology of product categories are also important reasons for consumers to fall in love with knitting. “In the past, the market’s demand for knitted products was mainly reflected in the comfort of the products, but currently consumers have more and more demands for fashion and personalized customization of products.” said Che Yanfeng, general manager of Yantai Yaqi Textile Co., Ltd. Shen Weiguo, general manager of Tiwei Fashion Co., Ltd., also believes that with the continuous upgrading of seamless knitting technology, the categories of seamless knitted products will become more and more abundant, and their product design space will also become larger and larger.
Editor’s comment:
In recent years, affected by the popularity of fast fashion, functional and sports products, 3D weaving and seamless weaving have The application of technology in the field of clothing has extended from basic underwear to sports bras, swimsuits, shapewear, yoga wear, T-shirts, gloves, socks, shoes, etc.In the face of various challenges, knitting equipment that meets market demands, re-innovates technology, improves production efficiency, and creates new value for users and added value to products is attracting more and more attention, and has become a “sharp weapon” for companies to win the market. At present, warp knitting machines in the knitting industry are moving toward high-end intelligence, which will also put new requirements on operators. The large-scale development of vocational skills competitions and equipment competitions in the warp knitting industry is also a test of the performance of domestic warp knitting machines. The cross-border integration of knitting machinery and equipment technology provides new products and ideas for the development of clothing and apparel in related fields. Enterprises must further explore the cross-border applications of these new technologies.
Digital revolution: the knitted socks industry welcomes the spring of new channels
News Review: In recent years, the Datang Socks Industry in Zhuji, Zhejiang Province has caught on to the express train of digital transformation, which has brought profound changes to the traditional industry. In the Tianxin Textile Co., Ltd. on Datang Street, there are no rows of workers in the huge production workshop, only the constant sound of machines. Stepping out from among these skilled “machine employees” and turning your attention to the entire smart operating system behind the sock production line, you can get a glimpse of the “digital revolution” driving the transformation and upgrading of the local traditional sock industry. The internal driving force of this “digital revolution” comes from the heart of corporate intelligence—the big data center. Programmers use the smart factory software to detect real-time data such as operation management, order management, and sock machine management of the two intelligent production lines. With this “smart assembly line”, the company has achieved a 70% savings in labor costs, a 20% reduction in product losses, and a 20% to 30% increase in production capacity.
Editor’s comment:
This year, knitting industry clusters in various places have successively launched new channels, taking advantage of the cluster’s agglomeration and direct supply advantages to focus on the digital transformation of the industry and focus on Industrial digital transformation, innovative formulation of digital standards for the entire enterprise manufacturing process, and the cultivation of a number of smart factories, digital workshops and industrial Internet platforms. Through the transformation of digitalization, e-commerce, live broadcast and other channels, a new path for the new economy to empower traditional industries has been created. This “digital revolution” brings rapid capital operation to enterprises, provides data guidance for product development and inventory, and reduces corporate risks. At the same time, the smart platform guided by big data has also greatly reduced operating costs for enterprises and opened up new sales channels.
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