Status quo of filament weaving industry (H1,2015)

By+Zhao+Zihan

The industry was suffering economic weakness

Slow growth of output and value

According to the statistics of each cluster， during the first half year of 2015， the chemical filament fiber fabric output of Shengze， Changxing， Xiuzhou， Longhu， Siyang， Pingwang， and Keqiao were totaled 14.204 billion meters， up by 0.67% year on year， 1 percentage point lower compared with the previous quarter. However， the industrial output value rose 2.36%， and the growth rate increased 2.32 percentage points over the first quarter with prices rising 1.67% year on year. （Table 1）

Sluggish income profit

According to the National Bureau of Statistics， from January to May this year， Chinas above-designated chemical fiber weaving and printing & dyeing enterprises saw total main business income of 42.088 billion yuan with a yearon-year growth of 1.33%， and the growth rate reduced by 7.52 percentage points over the same period last year. The cumulative total profit reached 1.902 billion yuan， an increase of 6.06% year on year， and the growth rate reduced by 7.57 percentage points over last year. The operating profit increased by 1.11% year on year， indicating inadequate driving force of weaving to profit growth， only 18.45%. （Table 2）

Stable profitability

According to the National Bureau of Statistics， from January to May of 2015， Chinas chemical filament fiber weaving and dyeing & finishing industry saw a profit rate of 4.52%， rising 0.43 percentage points than the same period of last year.

Continuous pressures on the downward industrial economy

According to the National Bureau of Statistics， from January to May of 2015， among the chemical filament fiber weaving industry， the businesses suffering losses saw a cumulative loss of 175.125million yuan with a year- on-year growth of 11.18% and the range of loss reached 16.44%， increasing 0.56 percentage points over the same period of last year.

Negative investment

Till the end of 2015， Chinas chemical filament fiber weaving industry actually saw investment of 11.714 billion yuan， falling 23.03% year on year. The number of projects in construction witnessed a year-on-year decline of 33.73% while the newly started projects decreased 39.83% year on year， indicating that the enterprises are negative in investment influenced by the downward macro economy.

The export market was in recession

The chemical filament fiber fabric showed a negative growth in export

According to customs statistics， from January to June 2015， Chinas total exports of textile fabric saw a year-on-year increasing of 0.15% to 17.531 billion USD. Thereinto， the chemical filament fiber fabric saw total exports of 5.483 billion USD， down by 2.05% year on year. Although affected by the Chinese New Year holiday in the first quarter， Chinas chemical filament fiber fabric exports rose slightly. However， there has been negative growth since entering the second quarter for the difficulty to resist pressures from the international market downturn.

The export prices of filament fiber fabric went down

According to the statistics from China Customs， from January to June 2015， Chinas total exports of chemical filament fiber fabric amounted to 5.391 billion meters， up by 0.12%， 5.98 percentage point s reduction in the growth rate over last year； the average export price was 1.02 USD/ m， down by 1.92 % year on year. （Table 3）

The international market was facing various changes

From major trading areas shown in Table 4， it can be seen that the major export markets of Chinas chemical filament fiber fabric were further adjusted and changed greatly. Influenced by the prices， export value to the EU fell by 2.26% year on year， and that to United Arab Emirates and Brazil declined by over 20% year on year owing to the impact of orders， transport cycle and other factors. However， thanks to the downstream industry shift， the exports to Bangladesh and Vietnam enjoyed faster growth with respective year-on-year growth of 28.25% and 15.03% in total value.

The chemical filament fiber fabric maintained a negative growth in import

From January to June 2015， Chinas total imports of filament fabric reached 825 million USD， down by 13.11% year on year. Among them， polyester filament fabric saw imports of 365 million USD， declining by 14.55% year on year while nylon filament fabric witnessed imports of 279 million USD， decreasing by 9.09% year on year.（Table 5）

The domestic market recovered slightly

Since the beginning of this year， chemical fiber raw material prices fell significantly impacted by the sharply decreasing oil prices. The polyester and polyamide prices began to decline from the first quarter of 2015， and the material prices in 2015 were generally lower than the second half of last year de atively large pressures for a better economic performance.