The article is sourced from the China Industrial Textile Industry Association, with the author being the China Industrial Textile Industry Association.
In the first half of 2024, the complexity and uncertainty of the external environment have significantly increased, and domestic structural adjustments have continued to deepen, bringing new challenges. However, factors such as the sustained release of macroeconomic policy effects, the recovery of external demand, and the accelerated development of new quality productivity have also formed new support. The market demand of China’s industrial textile industry has generally recovered. The impact of the sharp fluctuations in demand caused by the COVID-19 has basically subsided. The growth rate of industrial added value of the industry has returned to the upward channel since the beginning of 2023. However, the uncertainty of demand in some application fields and various potential risks affect the current development of the industry and expectations for the future. According to the association’s research, the prosperity index of China’s industrial textile industry in the first half of 2024 is 67.1, which is significantly higher than the same period in 2023 (51.7).
1、 Market demand and production
According to the association’s research on member enterprises, the market demand for industrial textiles industry has significantly recovered in the first half of 2024, with domestic and foreign order indices reaching 57.5 and 69.4 respectively, a significant rebound compared to the same period in 2023 (37.8 and 46.1). From a sectoral perspective, the domestic demand for medical and hygiene textiles, specialty textiles, and thread products continues to recover, while the international market demand for filtration and separation textiles, non-woven fabrics, and medical and hygiene textiles shows clear signs of recovery.
The recovery of market demand has driven steady growth in industry production. According to the association’s research, the capacity utilization rate of industrial textile enterprises in the first half of 2024 is about 75%, among which the capacity utilization rate of spunbond and spunlace non-woven fabric enterprises is around 70%, both better than the same period in 2023. According to data from the National Bureau of Statistics, the production of non-woven fabrics by enterprises above designated size increased by 11.4% year-on-year from January to June 2024; The production of curtain fabric increased by 4.6% year-on-year, but the growth rate slowed down slightly.
Post time: Sep-11-2024