The article is sourced from the China Industrial Textile Industry Association, with the author being the China Industrial Textile Industry Association.
4、 Annual Development Forecast
At present, China’s industrial textile industry is gradually stepping out of the downward period after the COVID-19, and the main economic indicators are entering the growth channel. However, due to the structural contradiction between supply and demand, the price has become the most direct means of competition. The price of the main products of the industry in the domestic and foreign markets continues to decline, and the profitability of enterprises declines, which is the main challenge facing the current industry. Key enterprises in the industry should actively respond by accelerating the upgrading of old equipment, energy-saving renovations, and reducing operating costs; On the other hand, effectively formulating market strategies, avoiding low price competition, concentrating advantageous resources to create flagship products, and improving profitability. In the long run, the competitive advantage and market of China’s industrial textile industry still exist, and enterprises maintain confidence in the future. Green, differentiated, and high-end development have become industry consensus.
Looking ahead to the whole year, with the continuous accumulation of positive factors and favorable conditions in China’s economic operation, and the steady recovery of international trade growth, it is expected that China’s industrial textile industry will maintain stable growth in the first half of the year, and the industry’s profitability is expected to continue to improve.
Post time: Sep-11-2024