Major Economic Indicators Of Textile Machinery Industry Have Rebounded Significantly

In 2021, China's textile machinery industry overcame many adverse factors, such as repeated epidemic situation, rising raw material prices, poor shipping logistics, and energy consumption dual control, resulting in power and production restriction. Production and operation recovered steadily. The domestic textile machinery market generally maintained a relatively strong development trend. The main economic indicators of the industry rebounded significantly, and the export amount reached a record high. Since the surplus appeared in 2015, Foreign trade continued the trend of surplus.

Operation quality and efficiency

The efficiency of the industry has been significantly improved. According to the statistics of the National Bureau of statistics, in 2021, the business income of textile machinery enterprises above Designated Size will increase by 27.28% year on year. Based on the base period of 2019 (the same below), the average growth rate of two years is 7.61%. The total profit of textile machinery enterprises above designated size increased by 38.38% year on year, with an average increase of 14.58% in two years. The profit margin of operating revenue was 8.12%, an increase of 0.53 percentage points over the same period of last year. The loss of loss making enterprises decreased by 0.53% year on year; The loss area was 13.67%, a decrease of 7.76 percentage points over the same period of last year. Business income, profit and other indicators of the industry fully recovered to the pre epidemic level. In 2021, the cumulative operating income and profit of each month maintained a double-digit growth year-on-year, but the growth rate gradually slowed down.

The increase of industry cost is less than that of revenue. According to the statistics of the National Bureau of statistics, in 2021, the cost of textile machinery enterprises above Designated Size will increase by 25.99% year-on-year, which is less than the growth rate of operating revenue by 1.29 percentage points. The operating cost increased by 27.32% year on year, accounting for 90.25% of the total cost; The proportion of three fees in the whole industry was 9.75%, 1.02 percentage points lower than that in the same period last year. Among them, the sales expenses increased by 28.57% year on year, accounting for 3.75% of the total cost; The management expenses increased by 12.78% year on year, accounting for 5.47% of the total cost; Financial expenses decreased by 26.34% year on year, accounting for 0.53% of the total cost.

The asset liability ratio of the industry increased slightly. According to the statistics of the National Bureau of statistics, in 2021, the total assets of textile machinery enterprises above designated size increased by 12.94% year-on-year, and the asset liability ratio was 59.49%, an increase of 1.65 percentage points compared with the same period of last year, higher than the asset liability ratio of 56.1% of Industrial Enterprises above designated size.

The growth rate of accounts receivable in the industry dropped, and the inventory of finished products increased significantly. According to the statistics of the National Bureau of statistics, in 2021, the accounts receivable of textile machinery enterprises above designated size increased by 8.24% year on year, and decreased by 5.90 percentage points compared with the same period in 2020. The inventory of finished products increased significantly. In 2021, the finished products of textile machinery enterprises above designated size increased by 25.11% year-on-year, 19.19 percentage points higher than that of the same period in 2020.

Survey of industrial enterprises

According to the survey of the Textile Machinery Association on the enterprise operation in 2021, the enterprise operation has improved significantly compared with the same period last year. Nearly 90% of the enterprises' operating revenue increased by different degrees compared with the same period last year, and 80% of the enterprises' orders exceeded the level of the same period last year; 79% of enterprises' capacity utilization rate is higher than 80%. The main problems faced by enterprises are the pressure of inflation driving up costs, insufficient domestic and foreign market demand, difficulties in recruitment and insufficient employment. 35% of the surveyed enterprises hold optimistic expectation for 2022, and 53% of the enterprises think that the order will increase in 2022 compared with that in 2021.

Import and export situation

According to customs statistics, in 2021, China's textile machinery imports and exports totaled 8.442 billion US dollars, an increase of 13.26% year on year. Among them, the import of textile machinery was US $3.636 billion, with a year-on-year increase of 26.00%; Exports reached 4.806 billion US dollars, up 5.22% year on year.

In 2021, textile machinery was imported from 70 countries and regions, with a total import volume of 3.636 billion US dollars, an increase of 26.00% year-on-year. In terms of the category of imported products, chemical fiber machinery ranked first with a total import value of US $950 million, a year-on-year decrease of 10.39%, accounting for 26.12% of the total import; Seven categories of products except chemical fiber machinery have different growth rates.

In 2021, China exported USD 4.806 billion of textile machinery to 191 countries and regions, with a year-on-year increase of 5.22%. The export volume of knitting machinery was 1.189 billion US dollars, with a year-on-year increase of 45.21%, accounting for 24.75%, ranking first, followed by printing and dyeing and finishing machinery, auxiliary devices and spare parts, nonwoven machinery, spinning machinery, weaving machinery and chemical fiber machinery. Compared with the same period last year, the export of spinning machinery has the largest growth rate, and the growth rate of nonwovens machinery export drops obviously after the high-speed growth in 2020.

By industry

Spinning machinery

According to the statistics of key production enterprises by the Textile Machinery Association, in 2021, the sales of drawing frame, roving frame, cotton spinning frame and rotor spinning frame will increase by 66.7%, 101.6%, 117.8% and 61.1%, respectively.

From the statistical data, it can be seen that the overall operation of spinning machinery in 2021 shows a significant upward trend. Due to the relatively stable prevention and control of domestic epidemic situation, foreign demand for China made products has increased significantly, and foreign trade orders of textile machinery enterprises have soared, which has driven the export of spinning machinery; In addition, part of the textile and clothing orders are transferred to domestic production, and the production and sales of spinning enterprises are booming. The willingness to upgrade equipment or expand the production scale is enhanced, and the new projects are greatly increased, which drives the sales of spinning machinery to rise steadily.

On the whole, the production task of spinning machinery enterprises in 2021 is full. By adjusting the rest time and overtime production, the enterprise overcomes the pressure of "energy consumption double control" index in some regions in the fourth quarter, minimizes the impact of order delivery, and completes the whole year's task well. It is understood that in the first quarter of 2022, there are not many new orders for spinning machinery enterprises. Most of them undertake the orders of last year, and their production and operation are in good condition.

weaving machinery

In 2021, the annual production and sales volume of weaving machinery industry showed a growth trend of high before and low after. In 2021, the production and sales of industrial textiles such as textile belts, cord fabrics, tarpaulins and canvas grew rapidly, but due to the decline in the sales of woven clothing, the sales growth of rapier looms slowed down; The sales of household textiles such as curtain cloth, window screen and other woven polyester decorative cloth showed a steady growth trend. In addition, the market demand for clothing filament fabrics in autumn and winter in the fourth quarter was strong, and the sales of water jet looms continued to increase; Affected by the continuous updating and upgrading of equipment and the expansion of variety adaptability, the sales volume of air-jet looms increased steadily. Affected by the price fluctuation of raw materials, the rise of ocean freight, the double control of energy consumption and the increase of labor cost, the profit space of enterprises is squeezed, which brings great challenges to the smooth operation of the industry as a whole.

According to the statistics of Textile Machinery Association, the sales volume of high-speed rapier looms from January to December in 2021 increased by 55.56% year on year; Air jet loom sales increased by 52.38% year on year; Sales of water jet looms increased by 25.00% year on year.

Looking forward to 2022, the digital and intelligent transformation of weaving equipment and the continuous expansion of the adaptability of weaving machinery varieties will provide strong support for the development of the industry. Affected by the upgrading of weaving equipment and the expansion of weaving adaptability, the annual production and sales of air-jet loom are expected to maintain a stable growth; It is understood that the filament weaving industry is expected to maintain a stable growth, water jet loom sales will continue to release; Affected by the decline of woven clothing sales, rapier loom sales growth is under pressure.

Knitting machinery

In 2021, the overall performance of the three types of knitting machinery market is good, but the pressure of smooth operation still exists.

The annual economic operation situation of the circular weft knitting machine industry is "high in the front and low in the rear". In the first half of the year, due to the strong market demand of some fabric products, downstream weaving enterprises continue to expand production capacity, and the production and sales volume of circular weft knitting machine increased significantly. In the second half of the year, with the continuous increase in the number of round knitting machines and the gradual slow down of downstream inventory digestion, the circular knitting machine market operation tends to be stable. In the current complex situation, circular weft machine enterprises continue to increase the research and development of new technology, improve the quality and enhance the core competitiveness. According to the statistics of the Textile Machinery Association, the circular knitting machine will increase by 20.8% in 2021.

The economic operation situation of warp knitting machine industry in the whole year is better. The high-speed warp knitting machine benefits from the stable running speed and continuously increasing machine width. The weaving capacity is further improved, the market demand is strong, and the sales volume is greatly increased. Double needle bed warp knitting machine benefits from the wide application of cashmere products and shoe materials, and its sales volume continues to grow. In addition to focusing on the traditional market, lace machines actively expand product application areas, showing new highlights in the field of home textile, and the annual sales volume has increased steadily. The multi axial warp knitting machine is obviously affected by the downstream markets such as wind power materials and infrastructure projects. According to the statistics of Textile Machinery Association, the sales volume of warp knitting machines will increase by 57.1% in 2021.

The economic operation of the flat knitting machine industry fluctuated greatly throughout the year, and the annual production and sales volume basically recovered to the same level in 2019. In the first half of the year, the industry experienced staged recovery. On the one hand, due to the epidemic development in Southeast Asia and other places, some orders for sweaters and shoe materials returned to China; On the other hand, the popularization and application of new technologies such as intelligent running yarn mouth and rake type traction further improve the weaving efficiency and quality of flat knitting machine, and promote the upgrading of equipment. In the second half of the year, as the market tends to be new saturation, flat knitting machine production and sales fell. At present, the full forming technology of flat knitting machine is further developed and improved, leading the technical upgrading of the industry. According to the statistics of Textile Machinery Association, the sales volume of flat knitting machine will increase by 116.7% in 2021.

Mechanical finishing and finishing

According to the statistics of domestic key pretreatment equipment manufacturers by the association, the sales volume of mercerizing machines will increase by about 12% year on year in 2021; The continuous scouring and bleaching machine was basically the same as that of the same period last year; Washing machines increased by 33% year on year. Continuous pretreatment equipment continues the growth trend in recent years. On the one hand, due to the centralized relocation of downstream users, the equipment update upsurge; on the other hand, the continuous pretreatment of knitted fabrics is gradually accepted by users, bringing new growth points.

The rotary screen printing machine of the association's key statistics increased by about 8% year-on-year, which is still the mainstream equipment of printing. In 2021, the centralized relocation of user enterprises in Jiangsu, Zhejiang, Guangdong and other places will bring about the upgrading of equipment and promote the demand growth of rotary screen printing equipment. Impacted by the round screen printing machine and digital printing machine, the sales of flat screen printing machine decreased by 13% year-on-year. At present, flat screen printing machines are mainly used for printing plush and thick fabrics. The competitive advantage and market demand continue to weaken, so the market prospect is not optimistic.

In recent years, the rapid development of digital printing machine, digital ink-jet printing machine small batch, rapid response production characteristics in the current market environment shows outstanding advantages. In particular, the proportion of chemical fiber fabrics is increasing, the paper transfer market is developing rapidly, and the equipment investment is small, which drives the rapid growth of the sales of digital paper printers. According to the research of the association, the growth trend of digital printing machine in 2021 will continue in recent years. In September and October, downstream users were affected by the "double limit" and the operating rate was insufficient. The market situation of digital printing equipment was not as hot as that in the first three quarters. The annual sales volume in 2021 increased by more than 20% compared with last year.

In 2021, the demand for domestic stenting and setting machines is strong, and the market situation is good. The sales volume of key enterprises in the association has increased by about 23% year-on-year. The increase of downstream printing and dyeing fabric output, the requirements of energy conservation and emission reduction of enterprises, and the demand for equipment replacement brought about by the relocation of enterprises into the park have led to the rapid growth of the sales volume of setting machines.

Looking forward to 2022, with the end of the relocation of domestic downstream printing and dyeing user enterprises, the domestic demand market may be faced with insufficient aftereffect, coupled with the global epidemic situation and the uncertainty of international trade in the context of geopolitical conflicts, the overall market situation will face a lot of pressure. Enterprises need to cultivate their internal skills in the complex and changeable market environment, and improve the ability to adapt to market and resist risks.

Chemical fiber machinery

According to the statistics of key enterprises by the Textile Machinery Association, the annual output of polyester, polyamide and other filament spinning machines in 2021 increased by 14.86% year on year; The shipment of high-speed ammunition dispensers increased by 115.83% year-on-year.

According to the statistical data, the production and sales of chemical fiber spinning machines in 2021 still maintained an upward trend, mainly by leading enterprises expanding production capacity and purchasing imported equipment, and a small amount of domestic equipment was purchased by contract for the rest, which is part of the normal development of the existing industrial chain and needs to expand production capacity. Most of the new products are mainly differential fiber product equipment. Affected by the chemical fiber market, the market sales of texturing machine increased rapidly compared with the same period last year, and the texturing machine manufacturers continued to maintain full load production. Thanks to the steady progress of large chemical fiber enterprise projects this year, the relevant orders will be signed in 2022.

In the second half of 2021, due to the extension of the industrial chain of domestic leading filament enterprises and the rapid development of differentiated staple fiber field, the polyester staple fiber industry is gradually entering the period of high-speed expansion, which promotes the accelerated transformation of chemical fiber from conventional varieties to composite spinning fiber, which will also promote the scale-up and technical level of polyester staple fiber industry.

It is expected that the chemical fiber market will continue to develop steadily in 2022, and the equipment orders are expected to be good. It is expected that there will be a certain increase in the number of manufacturers of staple fiber machines this year, which will be affected by the increase in the number of manufacturers of staple fiber machines.

Nonwovens machinery

According to the statistics of key enterprises by the Textile Machinery Association, the annual output of spunlaced nonwovens production line in 2021 increased by about 15% year on year; The output of needle punched nonwovens production line increased by 79.04% year on year; The production line of spunbonded, melt blown and spun melt composite nonwovens decreased by 73.8% year on year.

On the whole, with the continuous improvement of ecological and environmental protection requirements, the global textile industry "green" has become a trend. The concept of green production and green consumption changes the textile production process. Due to the increasing proportion of spunlaced nonwovens in medical and health care, personal protection and other fields, the spunlaced nonwovens equipment market has a good development trend, However, due to the continuous increase of new production capacity in recent two years, the market has shown a trend of saturation. Compared with last year, needle punched nonwovens showed a large increase. As the needle punched nonwovens industry enters the mature stage, the profit space of conventional products gradually shrinks. At present, the demand for the market of geotechnical textiles is increasing exponentially in the infrastructure construction such as transportation, water conservancy and construction. Needle punched nonwoven geotextiles, which can adapt to the extreme environment, have different uses and various functions, are developing rapidly, and will further promote the market development of its equipment. The demand for melt blown, spunbonded and spin melt composite equipment has fallen back to the normal level, and the production lines of two-component spunbonded and PET spunbonded have increased significantly.

It is expected that in 2022, nonwovens products will develop to high output, functionalization, high added value, green manufacturing and other fields, which will also urge equipment enterprises to pay more attention to technological innovation of equipment. Focus on the development of flexible wide width high-speed carding machine and wire laying machine, wide width high-speed needle punching machine and elliptical needle punching machine, two-component composite fiber spunbonded Spunlaced joint machine and melt blown wood pulp composite machine; Develop the whole process production digital monitoring and online detection system, improve the intelligent level of equipment, and promote the improvement of product quality.

Industry outlook

In 2021, the global demand for textile and clothing will pick up, the textile machinery market demand will recover, the domestic and foreign demand will be strong, the advantages of domestic epidemic prevention and control will be highlighted, and the textile orders will be full, which will stimulate the demand for new textile machinery equipment, and most textile machinery enterprises will usher in order growth. The textile machinery industry is in good condition, with abundant scientific and technological innovation achievements, and the continuous promotion of intelligent manufacturing. The intelligent pace of textile machinery industry itself is also accelerating, and a large number of intelligent manufacturing application scenarios are emerging.

In 2022, the international economic situation is becoming more and more complicated. The geopolitical changes brought by the conflict between Russia and Ukraine and the uncertainty of the new crown pneumonia epidemic continue to impact the recovery of the world economy. The fluctuation of international capital market, high price of bulk commodities, sluggish international trade logistics and tight global supply chain make the foreign trade environment more severe. The contraction of total demand in the domestic market, unstable market expectations, and the weakening growth momentum of consumption and investment have brought great challenges to the stable growth of the industry, and the economy will face greater downward pressure. However, the fundamentals of strong macroeconomic resilience and long-term improvement in China will not change. The central government has set the general tone of economic work of "stabilizing the word and seeking progress while maintaining stability". The government work report has made clear the target of 5.5% growth of China's economy in 2022. Relevant departments have successively issued and will continue to implement many policies and measures to stabilize the operation of industrial economy, expand domestic demand and promote consumption. In addition, the shortage of coal and power supply, the "one size fits all" power and production restriction and the soaring international freight brought by the implementation of "double control of energy consumption" that affected the economic operation of the industry last year may be alleviated and improved in 2022, which is also conducive to the steady growth of the industry.

In 2022, with the gradual recovery of international textile production and supply chain, the return of overseas textile orders may gradually slow down, and the supporting role of foreign textile demand may gradually weaken. However, under the "double cycle" development pattern, the cooperation and exchange between domestic and foreign textile enterprises and textile machinery enterprises will be more explored. The entry into force of RCEP will bring more opportunities for regional economic partnership. The continuous upgrading of the domestic textile industry and the recovery of the overseas epidemic situation will continue to increase the demand for equipment. The textile industry will have a high demand for equipment at different levels, such as continuous, automatic, intelligent, green and large-scale customization. Scientific and technological innovation, intelligent manufacturing and green energy saving are still the key to realize sustainable development. Under the current market situation, textile machinery enterprises should do a good job in technical reserves and innovation, establish and strengthen their own core competitiveness, use core competitiveness to create value and realize sustainable development.

(source: China Textile Machinery Association)