China’s technical textile industry maintained a positive development trend from January to April. The increase in industrial value-added continued to grow, with the main economic indicators of the industry and key sub-fields showing improvement. Additionally, export trade saw steady growth during this period.

According to data from the National Bureau of Statistics, the output of nonwoven enterprises above designated size increased by 10.3% year-on-year from January to April, marking a return to double-digit growth since April 2021. The ongoing release in consumer spending in the automotive market has led to a 17.0% year-on-year surge in the output of cord fabric (in tyres).

In terms of economic efficiency, China’s technical textile industry saw positive growth in its main economic indicators from January to April, as reported by the National Bureau of Statistics. The operating income and total profit of enterprises above designated size grew by 6.5% and 27.9% year-on-year, respectively. The margin of operating was 3.7%, up by 0.6 percentage points compared to the previous year.

Figure: Key Economic Indicators of China’s Technical Textile Industry in Jan.-Apr., 2024

Source: National Bureau of Statistics

Table 1: Growth Rate of Major Economic Indicators of China’s Technical Textile Industry in Jan.-Apr., 2024 (Above Designated Size)

Source: National Bureau of Statistics

Table 2: The Exports of Main Products in China’s Technical Textile Industry in Jan.-Apr., 2024

Source: China Customs

Source: CHINA TEXTILE LEADER Express