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11th September 2014, Shanghai

Good prospects for China's technical textiles and industrial nonwovens industries

China Technical Textile watch by Oliver Haiqing Hua

In the year 2014, the domestic market for industrial textiles is expected to usher in a rapid growth, and the exporting market will also have a recovery. The 2014 first half China nonwovens production has reached 1.71 million tons, resulting in a year-on-year growth of 8.23%, according to the National Bureau of statistics. The growth rate is 3.5 percentage points higher than in the first quarter.

The 2014 first half industrial textiles industry has completed 24.62 billion Yuan (US$ 4 billion) in fixed assets investment, a year-on-year increase of 28.27%. The growth rate has an increase of nearly 4 percentage points than in the first quarter, an increase of nearly 7 percentage points higher than the same period last year.

The investment growth has accelerated markedly, reflecting the higher expectation for the future market. In the first half of 2014, the projects in the construction and the number of new projects were 617 and 198, up 28.27% and 20.27% respectively.

Export results

The first half of 2014, China's industrial textiles exports reached 10.1 billion US$, year on year growth of 6.56%, flat in the first quarter, but increased by 2 percentage points, compared with the same period last year.

Industrial plastics coating fabrics, medical health textile products, sail, nonwoven cloth and bags are the main exporting projects. The exports of those five categories of products accounted for 72.93% of the total. From the export region point of view, Asia is the largest export market for the Chinese textile industry, but the exports growth has decreased markedly.

The growth export to ASEAN reached 7.51%, but to other Asian countries, the export growth is only 5.4%. The European Union and the North America exports rebounded significantly, becoming the main driving force of China's industrial textiles export growth, the 2014 first half of the export growth rate were 13.06% and 9.15%.

Forecast for 2014

The domestic market is the biggest impetus to the industrial development of textile industry in China. Along with the national continuous increasing investment in the infrastructure construction, environmental management, health care, security, and military defence, a larger domestic market will be further released. This is expected to provide vast space for the rapid development of industrial textile industry and backbone enterprises in China.

An important direction of the textile industry structure adjustment is the industrial textile in China, which is the textile industry new point of growth for this country. The industry will greatly enhance the industry competition ability in the domestic and international market during the high structural adjustment process with the characteristic of technology, talent, brand and sustainable development.

International market

The international market has maintained a steady growth. The various organisations such as International Monetary Fund (IMF), and the World Bank are optimistic about the world economy in 2014. In the first half of the year, America and European apparent economic recovery has very strong positive significance on the China industrial textiles export.

To sum up, in the year 2014, the domestic market for industrial textiles is expected to usher in a rapid growth, and the exporting market will also have a recovery. The progress of science and technology has an obvious function in the promotion for the development of the industry.

The industry is still in the stage of steady and rapid stability development, and the pace of industrial structure adjustment has been sped up. The annual industry total industrial output value, sales revenue, total profit, and output of major products will maintain a growth rate of over 10%.


About Oliver Haiqing Hua

Oliver Haiqing Hua.Oliver Haiqing Hua, a textiles business analyst, has joined the Innovation in Textiles team to provide regular insider reports on developments within the Chinese textile industry. Oliver focuses on the development and changes in the Chinese textiles industry and associated industries, and gives in-depth analysis and interpretation of the relevant policies, industry trends, and business events.

Mr. Hua previously worked for the former Ministry of Equipment & Materials and the former Ministry of Internal Trade of China from 1984 to 1997. His role included reporting on the market, raw materials, production, logistics, finance, management dynamics, as well as the analysis related to all the upstream and downstream aspects in the industry supply chain.

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