Textile Industry In 2020

 Over the past three years, the world has been deeply affected by the COVID-19 pandemic, causing significant disruptions in Europe and the United States. Prolonged shutdowns and halted production have been some of the severe consequences. Consequently, as a result, certain textile orders have been redirected to China, inadvertently fueling the remarkable growth of China's textile industry. At the forefront of this industry's advancement is the crucial role played by textile machinery. Currently, China's textile machinery sector is making strides towards intelligent production, with manufacturing shifting towards the realm of "smart manufacturing."

Textile Industry in 2020

A comprehensive assessment of the textile industry reveals that in 2020, China's textile enterprises of significant scale faced a 2.6% decline in their industrial added value. While the industrial added value of the textile industry experienced a modest 0.7% year-on-year increase, the chemical fiber manufacturing sector saw a more notable growth of 2.2% year-on-year. Conversely, the textile, clothing, and apparel industry witnessed a substantial 9.0% year-on-year decrease. However, the demand for epidemic prevention materials played a significant role in driving a remarkable 54.1% year-on-year increase in the industrial added value of industrial-use textiles among larger-scale enterprises. Additionally, non-woven fabric output also displayed a positive trend, growing by 15.8% year on year.

Furthermore, it is worth noting that above-designated-size textile enterprises faced a decline in operating income, reaching 4.5191 trillion yuan in 2020, representing an 8.8% year-on-year decrease. The total profit of these enterprises also experienced a decrease of 6.4%, amounting to 206.5 billion yuan.

In terms of textile and clothing exports, China achieved remarkable results, with exports amounting to a staggering 291.2 billion USD, nearly reaching historical records. This represented a significant year-on-year increase of 9.6%. Notably, textile exports surged by 29.2% year-on-year, driven by the rising demand for epidemic prevention materials. However, clothing exports faced challenges, declining by 6.4% year-on-year due to the pandemic's impact on major overseas markets.

Simultaneously, China's scale-above textile machinery enterprises witnessed a positive trend, with a total asset value of 107.23 billion yuan, indicating a 5.3% year-on-year increase.

According to the China Textile Machinery Association, the operating income of China's scale-above textile machinery enterprises in 2019 stood at 81.952 billion yuan, experiencing a year-on-year decrease of 10.1%. Furthermore, the total profits of these enterprises declined by 14.1% to 5.867 billion yuan.

When examining the import and export figures of China's textile machinery industry in recent years, it becomes apparent that they have consistently hovered around the range of 3-4 billion USD. In 2019, China's textile machinery exports witnessed a notable increase of 3.2% year-on-year, reaching a value of 3.783 billion USD. Conversely, the import amount of textile machinery experienced a decline of 10.4% year-on-year, totaling 3.333 billion USD.

China's textile machinery manufacturing industry has evolved into a vital sector with comprehensive product categories, fulfilling the diverse needs of the textile industry and boasting independent research and development capabilities. In 2019, the market size of China's textile machinery industry was 78.85 billion yuan, reflecting a year-on-year decrease of 13.9%.

This steady growth and promising future of China's textile industry can be attributed to advancements in technology and process enhancements in textile machinery. An esteemed participant in this field is SUNTECH Textile Machinery, a well-established enterprise with 50 years of technical expertise and accumulated experience. SUNTECH Textile Machinery has successfully integrated textile machinery technology into the development of intelligent equipment. Their intelligent automatic packaging machines and other material handling equipment have gained significant international recognition, earning a stellar reputation and enjoying high customer satisfaction and loyalty.

SUNTECH Textile Machinery is an esteemed manufacturer that boasts a rich heritage in textile machinery, specializing in automation and intelligent manufacturing technology for textile and warehousing equipment. SUNTECH’s core technologies have gained widespread acclaim on a global scale.

With a diverse range of products, SUNTECH Textile Machinery covers nearly all fabric types, offering solutions such as pinking machine, loom machine, weaving machine, beam truck, fabric cutting machine, motorized beam trolley, beam storage, and fabric inspection machine. Through their innovative approach and extensive expertise, SUNTECH Textile Machinery continues to spearhead advancements in the textile industry. The company warmly embraces inquiries and opportunities for collaboration, demonstrating their commitment to fostering partnerships and delivering exceptional solutions.