The Situation of Textile Industry in the First Half Year of 2021

In the first half year of 2021, the textile industry of China recovered and developed steadily. Enterprise revenue improved steadily, major operating indexes recovered smoothly, the investment confidence recovered to some extend. Especially during the pandemic, the textile industry showed some resilience for ensuring integrity and stability of the industry chain and supply chain.

The Production Situation Continues To Be Good

Since the beginning of 2021, the domestic and international pandemic control shows good and steady and the market recovers, the textile industry of China and capacity factor developes smoothly. According to the data from China National Textile and Apparel Council, the business index of the second season is 65.4, which is the best since 2012. According to the State Statistics Bureau, the capacity factor of textile industry is 79.7% and the factor of synthetic fiber is 86.1% in the first half year of 2021. These factores are higher than the national industry factor which is 77.9%.　

Upturn in Exportation

According to China Customs, the total amount of exporting textiles and dresses is about USD $140.09 billion in the first half year of 2021, which increased by 12.1% compared with the same period of last year. Exportation of dresses reaches USD＄71.53 billion, which increased by 40.3% compared with the same period of last year. As the vaccination rate goes up this year, the demand for anti-covid resources decreased. Therefore, the textile exportation decreased and reaches USD $68.56 billion in total, which decreased by 7.4% compared with the same period of last year.

Confidence of Investment Recovers

According to State Statistics Bureau, the business revenue of fixed asset investment increased by 15.2%, 16.6%, 5.8% respectively in textile industry, synthetic fiber industy and garment industry.

Looking forward to the whole year, the situation of textile industry is still complex and facing many uncertainties. It's hard to keep steady development throughout the whole year.