From January to September of 2019, China’s industrial textile industry continued to maintain medium and high speed development. The industrial added value of enterprises above designated size increased by 7.4% year-on-year, higher than the growth rate of textile industry and industry.
Non-woven fabrics are important raw materials for industrial textiles. From January to September, the output of non-woven fabrics of enterprises above designated size reached 3.7702 million tons, up 13.54% year-on-year; the output of cord fabrics was 516,900 tons, down 8.82% year-on-year. In terms of economic benefits, from January to September, the main business income and total profit of enterprises above designated size increased by 3.82% and 0.36% respectively, and the profit rate was 5.77%, down 0.16 percentage points year-on-year. Despite the low growth rate of the industry’s profits, the company’s operations are generally better. From January to September, the gross profit of enterprises above designated size increased by 7.70%, and the gross profit margin increased by 0.51 percentage points; the operating profit of the industry increased by 11.85% year-on-year, and the operating profit margin increased by 0.44 percentage points year-on-year. In terms of fields, the main business income of non-woven fabrics increased by 6.44%, the total profit of canvas and tarp textiles increased by 9.03%, and the profit margin of other industrial textiles where filtration and separation textiles, geotextiles and transport textiles were located reached 7.01%, which remained a high level.
In terms of import and export, from January to September, the industry exported USD 20.411 billion of industrial textiles and imported USD 5.023 billion. Among the main products, the export of nonwovens is 767,800 tons, valued at USD 2.287 billion, up 8.01% and 6.17% year-on-year, respectively. The demand for nonwovens in the global market is still strong. The export of industrial textiles (products in Chapter 59 of the comprehensive classification table of Customs commodities) is 1,730,100 tons, valued at USD 5.911 billion, down 3.59% and 2.33% year-on-year, respectively. In terms of exports to the United States, from January to September, China exported USD 472 million in nonwovens, special yarns, threads, ropes, belts and their products (products in Chapter 56 of the comprehensive classification of Customs commodities), a year-on-year decrease of 16.15%; and USD 342 million in industrial textiles (products in Chapter 59 of the comprehensive classification of Customs commodities), a year-on-year decrease of 30.18%. In the catalogue of the tariff imposed by the United States on China, the export volume of the products in the above two chapters to the United States only accounts for 10.62% and 5.78% of the total export volume of the products in the two chapters, respectively. Therefore, the impact of the decline on the overall export of the industry in the current period is basically controllable.