Feb 21, 2023 Leave a message

Global Textile Industry Transfer And Structural Adjustment Bring New Opportunities

 

1. Overview of textile machinery industry

Textile machinery refers to all kinds of mechanical equipment used in all aspects of textile technology to process natural fibers or chemical fibers into textiles. Textile machinery is the production means and material basis of the textile industry. Its technical level, quality and manufacturing cost are directly related to the development of the textile industry. Textile machinery can be divided into six categories: spinning machinery, weaving machinery, knitting machinery, dyeing and finishing machinery, chemical fiber machinery, and non-woven machinery.

The beginning of the human textile industry was earlier than the invention of writing. With the advancement of technology, the first generation of textile machinery was manufactured one after another, represented by the hand spinning wheel in the Spring and Autumn and Warring States Periods in my country, and the hydraulic spinning machine that appeared in Britain in 1769; The revolution drove the continuous improvement of the efficiency of the textile industry. The invention of the flying shuttle in 1733 doubled the production efficiency of the textile industry. The advent of man-made fibers in the 19th century added a new field of chemical fiber machinery, driving the entire textile industry to large-scale equipment.

2. Development Status of China's Textile Machinery Industry

There is a certain gap between the overall level of China's textile machinery manufacturing and the world's leading level. The technical level and insufficient stability of high-end textile machinery parts manufacturing have become a bottleneck restricting the development of China's high-end textile machinery industry. From 2015 to 2019, the operating income of my country's textile machinery industry continued to decline, from 117.907 billion yuan to 81.952 billion yuan, with a compound annual growth rate of -8.69%. Affected by the epidemic, the operating income of my country's textile machinery industry in the first half of 2020 was 32.137 billion yuan, a decrease of 17.02% from the same period of the previous period.

From 2015 to 2019, the total profit of China's textile machinery industry changed from an increase to a decrease. From 2015 to 2107, the total profit increased from 73.14 to 83.63. Since 2017, with the gradual saturation of the number of China's textile machinery, industry competition has continued to intensify, and the gross profit margin of enterprises has been linear Decline, until the total profit of my country's textile machinery industry dropped to 5.667 billion yuan in 2019. Affected by the epidemic, the total profit in the first half of 2020 was only 2.119 billion yuan, a year-on-year decrease of 24.86%.

3. Import and export of China's textile machinery industry

China is the largest exporter of textile machinery. In 2019, China's textile machinery exports reached US$3.78 billion, an increase of 22.7% compared to US$3.09 billion in 2015. At the same time, China's textile machinery achieved a trade surplus again in 2019. Affected by the epidemic, the import and export volumes in the first half of 2020 were US$1.39 billion and US$1.89 billion respectively. Imports decreased by 18.4% year-on-year, exports decreased by 0.03% year-on-year, and exports were basically the same as the same period last year.

From 2015 to 2019, the textile machinery exported by China is mainly knitting machinery, printing and finishing machinery, auxiliary devices and spare parts. Among them, knitting machinery has accounted for the largest proportion over the years, accounting for more than 15%. With the continuous development of technology in China's textile machinery industry, the technology of chemical fiber machinery, spinning machinery, and nonwoven machinery has gradually improved, and the proportion of exports has also gradually increased. Among them, the proportion of chemical fiber machinery has increased from 5.48% in 2015 to 8.36%. .

The countries and regions that China's textile machinery exports are mainly neighboring countries in Asia. In 2019, India purchased 18.88% of China's export machinery, Vietnam purchased 16.49%, and Bangladesh purchased 8.04%. India is the most important exporter of China's textile machinery. . In recent years, India has repeatedly launched anti-dumping investigations on Chinese imports, and trade frictions have been relatively frequent. Coupled with the improvement of textile machinery technology in India and other countries, it is expected that China's textile machinery exports will gradually decrease.

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