The reduction of textile growth spreading from Jan. to May.
Source: CTEI Date: 2012-07-23
Recently, the National Development and Reform Commission released, from January to May, the operation of the textile industry that: This year, the domestic and international market demand weakened under the influence of macroeconomic environment, the deceleration of economic growth momentum in China’s textile industry still continues, the main economic indicators of growth rate decreased significantly over the same period last year.
The production is growing, yet the growth continued to slow down. From January to May, statistics worthy textile enterprises realized a total industrial output value of 2.144931 trillion Yuan, a year-on-year increase of 11.81%, the growth rate compare with from January to April and over the same period last year were down 1.3% and 18.34% separately; industrial sales output value was 2.087157 trillion Yuan, a year-on-year increase of 11.35 %, decreased by 1.36% and 18.5% growth rate over the first 4 months and a year earlier. Yarn production in the textile industry was 12,278,500 tons, a year-on-year increase of 14.1% the growth rate was 3.97 percentage points higher than the same period last year; cloth, clothing, and chemical fiber production was 24.192 billion meters, 10.14 billion and 15,509,400 tons, a year-on-year increase of 11.69%, 7.17% and 15.16% respectively, yet the growth rate was 3.81,4.76 and 0.27 percentage points lower than the same period last year.
The export situation is grim, marked slowdown in domestic sales. From January to May, the China’s total textile and apparel exports was $ 90.642 billion, a year-on-year increase of 2.06%, the growth rate was down 24.47% Y/Y lower than the country’s total exports in the same period an increase of 6.64 percentage points. Deducting price factors, the actual export volume of the textile industry presented negative growth, according to the Statistics Center of the China Textile Industry Association, from January to April, China’s textile and garment export prices rose by 3.38% Y/Y, the export volume decreased by 2.23% Y/Y, compared with same period last year speed decreased by 6.98 percentage points, to expand by 1.22 percentage points over a 3-month drop.
From January to May, retail sales in the above designated enterprises (units), garments, knitwear retail sales grew 16.2% Y/Y, higher than the 14.5% growth in total retail sales of social consumer goods for the same period; but 7.3% lower than the same period last year, after deducting price factors, the actual growth rate of retail sales was only 12.3%, 10.2 percentage points lower than the same period last year. Affected by the slowdown of domestic demand growth, domestic sales growth of the textile industry was slowing down, from January to May, the above-scale textile enterprises domestic output value was 1.757158 trillion Yuan, up 13.44% Y/Y, growth rate over the same period last year decreased by 18.51 percentage points.
Enterprise efficiency declined, investment growth slowed down. From January to April, the above-scale textile enterprises realized a total profit of 72.122 billion Yuan, down 2.31% Y/Y, the growth rate was 45.15 percentage points lower than the same period last year; sales profit rate was 4.46%, down 0.62 percentage points from a year earlier. Loss of above-scale enterprises expanded to 19.07%, the amount of loss increased by 133.4% from a year earlier. Cotton, chemical fiber industry, showed a profit of negative growth, chemical fiber industry, the gross profit decreased by 50.84% from January to April, the total profit of the cotton industry fell 6.66%.
From January to May, the textile industry totaled more than 5 million Yuan of project fixed assets investment was 260.958 billion Yuan, up 18.53% Y/Y, the growth rate was down 17.69% over the same period last year, there were 5759 new projects, down 2.87% Y/Y. New investments in central and western areas continue to maintain rapid growth, from January to May, the investment volume of the central area increased 21.47% Y/Y, accounting for the proportion of 29.36% in the whole country, over the same period last year increased by 0.71 percentage points; western region investment increased by 28.42% Y/Y, accounting for the proportion in the country reached 7.76%, increased by 0.6 percentage points from a year earlier.
