In 2020, China's Industrial Textile Industry Has A Good Economic Performance

In terms of production, nonwovens are the main raw materials for face masks, protective clothing and antiseptic wet wipes. The annual output of nonwovens by enterprises above designated size reached 5.791 million tons, up 15.8 percent year-on-year.

In terms of economic benefit, in 2020, the total operating income and profit of enterprises above designated size in China's industrial textile industry will be 319.84 billion yuan and 36.53 billion yuan respectively, with year-on-year growth of 32.6% and 203.2% respectively, and the operating profit margin will be 11.4%, with an increase of 6.4 percentage points over the same period of last year.

By sector, in 2020, the operating income and profit of nonwovens enterprises above designated size reached 175.28 billion yuan and 24.52 billion yuan, respectively, up 54% and 328.1% year on year, respectively, operating profit margin of 14%, increased by 9 percentage points compared with the same period last year; The operating revenue and profit of other industrial textiles, where medical and health, filtration and geotextiles are located, increased by 35.4% and 175.1% respectively, with an operating profit margin of 12.3%.

The operating revenue of rope, rope and cable, which is not highly related to epidemic prevention materials, increased by 6.9% year-on-year, and the total profit decreased by 3.3% year-on-year. Operating income and profit of textile belt and cord cloth decreased by 11.8% and 18.2%, respectively. Tops, canvas operating income and total profits increased by 5.3 per cent and 16.5 per cent, respectively.

In terms of international trade, China's export of nonwovens in 2020 reached 1.289 million tons, valued at 5.05 billion US dollars, up 32.2% and 62.5% respectively. Exports of disposable sanitary products such as diapers and sanitary napkins reached US $2.27 billion, up 8.6% year on year. From March 2020 to the end of 2020, China exported a total of 224.2 billion masks to the world, including 65 billion medical masks. China exported 2.31 billion pieces of protective clothing, of which 773 million were medical protective clothing. The annual export of face masks and protective clothing is estimated at $63.5 billion

Note: Data in this article are from the National Bureau of Statistics and China Customs.