The article is sourced from the China Industrial Textile Industry Association, with the author being the China Industrial Textile Industry Association.
3、 International trade
According to Chinese customs data, the export value of China’s industrial textile industry from January to June 2024 (customs 8-digit HS code statistics) was 20.59 billion US dollars, a year-on-year increase of 3.3%, reversing the decline in industrial textile industry exports since 2021, but the growth momentum is weak; The import value of the industry (according to the 8-digit HS code statistics of customs) was 2.46 billion US dollars, a year-on-year decrease of 5.2%, with a narrowing decline.
In the first half of 2024, the key products of China’s industrial textile industry (Chapters 56 and 59) maintained a high growth rate in exports to major markets, with exports to Vietnam and the United States increasing by 24.4% and 11.8% respectively, and exports to Cambodia increasing by nearly 35%; But exports to India and Russia have both decreased by more than 10%. The share of developing countries in China’s industrial textile export market is increasing.
From the perspective of major export products, the export value of key export products such as industrial coated fabrics, felt/tents, non-woven fabrics, diapers and sanitary napkins, ropes and cables, canvas, and industrial fiberglass products maintained a certain growth in the first half of 2024; The export value of wet wipes, structural reinforcement textiles, and other industrial textiles has maintained a high growth rate; The overseas demand for disposable hygiene products such as diapers and sanitary napkins has shrunk, and although the export value continues to grow, the growth rate has decreased by 20 percentage points compared to the same period in 2023.
From the perspective of export prices, except for the increase in prices of industrial coated fabrics, airbags, filtration and separation textiles, and other industrial textiles, the prices of other products have decreased to varying degrees.
Post time: Sep-11-2024