Printing & dyeing production rise 7.2% from Jan-May
Source: China Dyeing and Printing Association Date: 2008-09-10
Relying on the researches on enterprises, China Dyeing and Printing Association works out the industry performance in the first five months this year.
According to the results, painting & dyeing firms are fighting for their survival in 2008 with yuan appreciation, rising costs and dismal overseas market hit by the subprime crisis.
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From January to May, China’s painting & dyeing production rose 7.2 percent from a year earlier to 18.777 billion metres, but that was 1.94 percentage points less than the growth rate during the same five-month period last year.
Zhejiang, Jiangsu, Shandong, Guangdong and Fujian are the biggest production area, accounting for 90.88 percent (17.064 billion metres) of China’s total production.
From January to May, China’s painting & dyeing exports volume rose 12.65 percent from a year earlier to 4.815 billion metres, and that was 13 percentage points higher than the growth rate during the same five-month period last year; Exports value rose 22.04 percent from a year earlier to 4.525 billion USD, and that was 14.87 percentage points higher than the growth rate during the same period last year; The average export unit price rose 8.33 percent to 0.94 USD/metre.
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From January to May, China’s imports volume of top six painting & dyeing products decreased 15.52 percent from a year earlier to 0.892 billion metres; Imports value decreased 4.97 percent from a year earlier to 1.280 billion USD; And the average import unit price rose 12.49 percent to 1.44 USD/metre.
According to statistics from China Dyeing and Printing Association, the gross production value of painting & dyeing amounted to 79.860 billion yuan (among statistical sample enterprises) from January to May, 13.52 % higher than the same period of last year, and that was 1 percentage points higher than the growth rate during the same five-month period last year; The sales of painting & dyeing from January to May rose 14.00 percent to about 77.729 billion yuan and that was 1.65 percentage points higher than the growth rate during the same period last year; The profits of painting & dyeing industry rose by 10.69% to 2.101 billion yuan compared to the year before and that was 7.19 percentage points lower than the growth rate during the same period last year.
