Production Growth Of China`s Textile Industry Slows Down Compared To Last Year

Production growth of China’s textile industry slows down compared to last year, but the decline pace has narrowed.

From January to October, national 37,000 textile enterprises above designated size realized a total industrial output value of 4.68129 trillion Yuan, a year-on-year growth of 11.3 percent, the growth rate fell 17 percentage points from the same period last year, and down 3.4 percentage points compared with the first quarter, but up 0.4 percentage points compared to January-September.

According to the National Bureau of Statistics, among production of main product categories, above-scale enterprises produced 31.629 million tons of chemical fiber, 52.35 billion meters of fabrics, 21.91 billion pieces of apparel in January to October this year, representing a year-on-year increase of 11.8 percent, 9.9 percent and 6.4 percent, respectively, but their growth rates fell 3.7 percentage points,3.5 percentage points and3.0 percentage points, respectively, over the same period last year.

China’s yarn output decreased by 2.3 percent year on year in January-October this year, according to the survey among key enterprises by the China Cotton Textile Industry Association.

Production conditions of China's textile industry expected to improve in 2013

The production conditions of China's textile industry are expected to improve in 2013, with the warming up of international economy and stabilization and recovery of domestic economy. The situation analysis on textile industry conducted by a research group of one think tank estimates that the growth is expected to be around 11 percent, taking into account the decline of growth rate of new projects this year, the recovery rate will not be very obvious.

Although production growth will rebound slightly, the textile industry in China is likely to show structural contrast next year. Among various industries, production growth of apparel industry is expected to be most obvious and reach 7 percent. Chemical fiber manufacturing industry and textile industry will digest inventory first, so their annual production growth rates will not see significant rebound in 2013.