Textile Sales Slow Climbing

"In the past six months, I am much more motivated to buy masks than to buy clothes." "Just a few home clothes." "I only bought a pair of socks in the first half of the year." "The first half of the year." "No clothes, but bedding." "I've bought some of them when I need them recently." In the reporter's special investigation, consumers generally said that the consumption of clothing decreased in the first half of the year, but the consumption of masks increased significantly, with a per capita cost of several thousand yuan. In addition, the sales of bedclothes were also OK. After all, staying at home and spending more time in bed.

According to a report released by the Industrial Economics Research Institute of China Textile Industry Federation, since 2020, China's textile industry has steadily promoted the resumption of work and production in the face of the new crown pneumonia epidemic, and the production supply capacity and industrial chain operation coordination have returned to normal. In the second quarter, driven by the substantial increase in the production and sales of epidemic prevention materials and the slow recovery of domestic demand market, the economic operation of the textile industry rebounded under pressure. Although the main operating indicators from January to May were still in the negative growth range, the decline rate continued to narrow.

With the steady progress of the normalization of epidemic prevention and control, the textile industry production gradually recovered, and the decline rate continued to narrow. According to the data of the National Bureau of statistics, from January to may, the industrial added value of textile industry above Designated Size in China decreased by 8.2% year-on-year, and the growth rate was 11.8% lower than that of the same period of last year, but increased by 3.1% compared with January to April this year, and the growth rate in May turned negative for the first time. In all links of the industrial chain, the industrial textiles industry maintained a high-speed leading trend. From January to may, the industrial added value increased by 50.7% year-on-year, 58.9 percentage points higher than that of the whole industry. Affected by the shrinking terminal demand, the added value of clothing and home textile industry decreased by 12.8% and 10.6% respectively. From January to may, the industrial added value of textile machinery industry decreased by 20.8% year-on-year, reflecting that the industry's investment confidence is still declining.

Among the major categories of products, only the output of non-woven fabrics increased by 2.5% year-on-year, while the output of other products decreased. From January to may, the output of chemical fiber, yarn, cloth and clothing of Enterprises above the designated scale decreased by 3.2%, 18.1%, 27.6% and 17.9% respectively year-on-year, and the growth rate was 16.2%, 19.7%, 27.4% and 17.5 percentage points lower than that of the same period last year.

In the second quarter, China's epidemic prevention and control situation continued to improve, consumer activities increased, and domestic demand for textiles and clothing recovered moderately. According to the statistics of the National Bureau of textile and clothing, the volume of needle and cap sales decreased by more than 23-5% compared with that of the National Bureau of clothing and footwear. Online consumption continued to improve, and the retail sales of online wear goods decreased by 6.8% year-on-year, 5.2 percentage points lower than that in January April.

According to the data of the National Bureau of statistics, from January to may 2020, the completion of fixed assets investment in the textile industry will decrease by 30.5% year-on-year, and the growth rate will significantly slow down by 30.9% compared with the same period last year. The scale of investment in the whole industry chain is declining. The investment in textile industry, chemical fiber industry and clothing industry decreased by 26.2%, 23.2% and 39.2% respectively from January to May.

Looking forward to the whole year, the domestic and foreign development environment faced by China's textile industry is still complex and severe, and the risk and challenge factors are significantly increased. The situation of epidemic prevention and control in China is gradually improving, and the living and production order of residents is recovering rapidly. The national "six stabilities" and "six guarantees" policies help residents to ensure employment and income. The continuous accumulation of various positive factors will provide more favorable domestic demand support conditions for the textile industry, and provide an important guarantee for enterprises to resolve various risks and challenges.