During past 3 years, COVID-19 pandemic ravaged the world, with Europe and the United States experiencing severe impacts such as prolonged shutdowns and halted production. As a result, some textile orders were diverted to China, inadvertently propelling the growth of China's textile industry. Textile machinery plays a crucial role in this industry's development, and China's textile machinery is currently advancing towards intelligent production, with manufacturing transitioning to "smart manufacturing."
Industrial Status of Textile Industry
The current state of the textile industry reveals that in 2020, China's textile enterprises above designated size experienced a decline of 2.6% in their industrial added value. The industrial added value of the textile industry increased by 0.7% year on year, while that of chemical fiber manufacturing increased by 2.2% year on year, and that of the textile, clothing, and apparel industry decreased by 9.0% year on year. However, the demand for epidemic prevention materials fueled a 54.1% year-on-year increase in the industrial added value of industrial-use textiles among above-designated-size enterprises, with non-woven fabric output also increasing by 15.8% year on year.
Moreover, above-designated-size textile enterprises reported an operating income of 4.5191 trillion yuan in 2020, marking an 8.8% year-on-year decrease, with a total profit of 206.5 billion yuan, a year-on-year decrease of 6.4%.
In China, textile and clothing exports reached a staggering 291.2 billion USD, almost hitting historical records, representing a remarkable year-on-year increase of 9.6%. Notably, textile exports surged by 29.2% year-on-year, driven by the demand for epidemic prevention materials, while clothing exports decreased by 6.4% year-on-year, impacted by the pandemic's effects on major overseas markets.
Meanwhile, China's scale-above textile machinery enterprises recorded a total asset value of 107.23 billion yuan, indicating a 5.3% year-on-year increase.
As per the China Textile Machinery Association, the operating income of China's scale-above textile machinery enterprises in 2019 was 81.952 billion yuan, with a year-on-year decrease of 10.1%, while the total profits of scale-above textile machinery enterprises declined by 14.1% to 5.867 billion yuan.
In terms of import and export amounts of China's textile machinery industry in recent years, it has consistently remained at around 3-4 billion USD. In 2019, the export amount of China's textile machinery surged by 3.2% year-on-year, amounting to 3.783 billion USD. Meanwhile, the import amount of China's textile machinery fell by 10.4% year-on-year, totaling 3.333 billion USD.
The textile machinery manufacturing industry in China has become a pillar industry with complete categories, meeting the needs of the textile industry and possessing independent research and development capabilities. The market size of China's textile machinery industry in 2019 was 78.85 billion yuan, a year-on-year decrease of 13.9%.
It can be seen that China's textile industry still maintains high-speed growth and has huge development space in the future. This is thanks to the technological development and process improvement of textile machinery. As an established textile machinery enterprise with 50 years of technical accumulation and experience summary, SUNTECH Textile Machinery has integrated textile machinery technology into the research and development of intelligent equipment. The intelligent automatic packaging machine and other material handling equipment designed and produced by SUNTECH Textile Machinery have enjoyed a high reputation internationally, with excellent word-of-mouth and high customer retention rate.
SUNTECH Textile Machinery is a distinguished manufacturer of textile machinery with a rich legacy of automation and intelligent manufacturing technology for textile and warehousing equipment. SUNTECH's state-of-the-art core technologies have garnered global recognition.
SUNTECH Textile Machinery has the range of products encompasses almost all fabric types, including but not limited to pinking machine, non-woven machine, beam truck, meltblown machine, fabric cutting machine, motorized beam trolley, beam storage, and fabric inspection machine. SUNTECH Textile Machinery continues to lead the textile industry with its innovative approach and extensive experience. We welcomes quotes and cooperation opportunities with open arms.