Export of textile machinery industry shows "steady growth"

At present, China's fiber processing volume accounts for more than 50% of the world's total, and the scale of the textile industry ranks first in the world. The development of the textile industry has driven the development of the textile machinery industry. China's textile machinery industry has a large scale and has formed a relatively complete industrial chain layout.

Scale of textile machinery industry

According to the statistics of China Textile Machinery Association, in 2019, the total assets of China's textile machinery industry was 107.229 billion yuan, with a year-on-year growth of 4.94%; Influenced by multiple factors such as Sino US trade friction, slowing domestic and foreign market demand and continuous increase of comprehensive costs, the revenue and profit of China's textile industry in 2019 declined compared with that in 2018. As the upstream of the textile industry, the income and profit of the textile machinery industry also declined. In 2019, the operating income of China's textile machinery industry was 81.952 billion yuan, a year-on-year decrease of 7.00%; The total profit reached 5.867 billion yuan, a year-on-year decrease of 3.60%.

In the five years from 2014 to 2018, the overall scale of China's textile machinery industry has shown an upward trend in terms of sales revenue and total profits of textile machinery. With the deepening of industrial restructuring, domestic medium and high-end textile equipment has developed rapidly, and the overall operation of the textile machinery industry has increased steadily. In 2019, due to factors such as Sino US trade friction, the main business income of China's textile machinery industry declined compared with the previous year.

Import and export of China's textile machinery

According to customs statistics, China's textile machinery import and export totaled 7.387 billion US dollars in 2018, up 6.78% year on year. Of which, the export of textile machinery was 3.666 billion US dollars, up 7.20% year on year; Imports reached 3.721 billion US dollars, up 6.36% year on year. From 2014 to 2018, China's textile machinery export showed a trend of "steady growth", and the import amount generally showed a downward trend. In 2019, China's textile machinery import and export totaled 7.116 billion US dollars. Of which, the export of textile machinery was 3.783 billion US dollars, up 2.96% year on year; Imports reached USD 3.333 billion, down 10.49% year on year. From 2014 to 2019, China's textile machinery export showed a trend of "steady growth", and the import amount showed a general downward trend.

Product structure adjustment

In recent years, the structure of domestic textile machinery products has been constantly adjusted. Automatic and intelligent spinning machines that improve yarn quality and save labor have become the first choice of domestic textile enterprises for new projects. Rotor spinning machines, rapier looms and other products have shown outstanding performance. From 2015 to 2018, the market sales of main rotor spinning machines and rapier looms in China showed an overall growth trend. In 2019, influenced by multiple factors such as the international trade situation and the slowdown of domestic and foreign market demand, the sales of domestic main rotor spinning machines and rapier looms slowed down steadily.