Forecast 2024: Market size, competition pattern and development prospects of China's textile industry in 2024 Forecast that the future market size will exceed 3.4 trillion yuan

Industry profile

1. Definition

Textile industry is the natural fiber and chemical fiber processing into a variety of yarn, silk, thread, ribbon, fabric and dyeing and finishing products of the industrial sector. According to the textile object can be divided into cotton textile industry, hemp textile industry, wool textile industry, silk textile industry, chemical fiber textile industry, etc.

Textile industry is one of the important industrial sectors of light industry. Compared with heavy industry, it has the characteristics of less investment, faster capital turnover, shorter construction cycle and more employment.

2, industry chain analysis: there are many participants in the industry chain

From the perspective of the upstream of the textile industry chain, the upstream of the textile industry chain mainly includes raw materials such as natural fibers and chemical fibers, as well as textile machinery and textile testing; According to the different processing materials, the middle reaches are mainly divided into cotton textile processing, linen textile processing, wool textile processing, silk textile processing and chemical fiber textile industry. The three application ends of the downstream industry are apparel, home textiles and industrial textiles.

Industry development history: rapid development stage

As a traditional Chinese industry, after years of development, the textile industry has gradually become the core force supporting the smooth operation of the world textile industry system.

Since the founding of New China, the development of textile industry can be roughly divided into six stages.

From 1949 to 1978, China basically built a textile industry system with complete categories and complete supply chains.

From 1979 to 1992, as a pioneer of reform and opening up, the textile industry actively followed the trend of The Times. From 1984 to 1992, textile and garment exports increased by 5.9 times, with an average annual growth rate of 27.23%, and China's share of world textile and garment exports rose from 6.4% to 10.2%. Imported fiber raw materials increased from 600,000 tons to 1.34 million tons; The import and export surplus increased by 5.7 times, reversing the situation of China's persistent deficit in trade in goods. The continuous deepening of reform and opening up has expanded the space for the development of the textile industry.

From 1993 to 2000, China's textile industry entered a period of stable development; From 2001 to 2007, since China joined the WTO, in the tide of economic globalization, China's textile industry has entered the "fast lane" and ushered in the "golden period". The position of the industry in the world's textile value chain has steadily improved, its market share has continued to expand, and its influence and discourse power have continued to increase.

From 2008 to 2020, China's textile industry began to transform and explore, product structure adjustment, the manufacturing capacity and level of each link of the industrial chain are in the forefront of the world, and the production technology of high-count and high-density fabrics is in the forefront of the world.

During the 14th Five-Year Plan period, the China Textile Industry Federation proposed to firmly grasp the "nose" of scientific and technological innovation, break through major bottlenecks, create a powerful engine for industrial development, and propose that by 2023, China's textile industry should become the main driver of the world's textile science and technology, an important leader of global fashion, and a powerful promoter of sustainable development.

Industrial development status

1. Added value of industrial enterprises above designated size in textile industry

According to the Economic Operation Report of China's Textile Industry, from 2018 to 2023, the added value of industrial enterprises above designated size in China's textile industry shows a fluctuating trend. In 2023, the industrial added value of enterprises above designated size in the textile industry decreased by 1.2% year-on-year, and the growth rate rebounded from 2022.

2. Number of enterprises in textile industry

According to the National Bureau of Statistics, from 2017 to 2023, the number of enterprises in China's textile industry showed a fluctuating trend. In December 2023, the number of enterprises in China's textile industry was 20,822, an increase of 3.55% compared to December 2022. With the growth of the number of enterprises, it is expected that the supply capacity of China's textile industry is expected to continue to grow.

3, textile industry output

According to the data of the China Textile Industry Federation and the National Bureau of Statistics, from the production of major products in the textile industry, from 2018 to 2023, the output of yarn, cloth and silk and interweaving fabrics showed a trend of fluctuation and decline. In 2023, the output of main products such as yarn, cloth, silk and interweaving fabric will be 22,342,000 tons, 29.490 million meters and 256,41,700 million meters, respectively.

From January to April 2024, the output of main products yarn was 7.061,000 tons, down 5.72% year-on-year; Cloth output was 10.310 billion meters, up 2.69% year-on-year; The output of silk and interweaving fabric was 78.6650 million meters, an increase of 13.24%.

4, textile industry scale

According to data from the China Textile Industry Federation and the National Bureau of Statistics, from 2018 to 2023, the operating income of China's textile industry above designated size showed a fluctuating trend. In 2023, the operating income of the textile industry above designated size was 228.791 billion yuan, down 12.53% year-on-year, showing a downward trend.

Industry competition pattern

Regional competition pattern: Zhejiang, Shandong, Hebei, Guangdong, Jiangsu, Fujian and other competitive advantages are strong

China's textile industry is mainly concentrated in Zhejiang, Shandong, Hebei, Guangdong, Jiangsu, Fujian and other provinces. These regions have obvious competitive advantages in foreign trade, industrial supporting infrastructure and talent attraction.

From the perspective of the industrial chain, the cotton textile industry is mainly concentrated in the middle and lower reaches of the Yellow River and the Yangtze River, which are the first and second cotton producing areas in China. The hemp textile industry is mainly distributed in Harbin in the northeast and Hangzhou at the mouth of the Qiantang River, which is the largest producing area of flax and jute. Wool textile industry is mainly distributed in Beijing, Hohhot, Xi 'an, Lanzhou, Xining, Urumqi and other places, which are mainly wool producing areas in animal husbandry areas and close to animal husbandry areas. The silk textile industry is mainly distributed in Hangzhou, Suzhou, Wuxi, Taihu Lake basin and Sichuan Basin, which is the producing area of silk or the producing area of silk; The chemical fiber textile industry is mainly distributed in Zhejiang, Jiangsu and Fujian. The printing and dyeing industry is mainly distributed in Jiangsu, Zhejiang, Guangdong and other places, where the textile industry is more developed; Garment manufacturing is mainly concentrated in Guangdong, Jiangsu, Zhejiang and other places, these areas of the textile industry is more developed, but also has a more complete industrial chain.

Industry development prospect and trend forecast

1. Prospect forecast: The market size will exceed 3.4 trillion yuan in 2029

In 2023, the slowdown of the world economic growth has weakened the downstream demand of the textile industry, and the upstream raw materials such as cotton and oil have experienced strong price fluctuations due to the impact of regional conflicts, and the impact from upstream and downstream has formed a certain pressure on the overall operation of the textile industry, and the progress of the textile industry's recovery from the epidemic has become slower. In the past 20 years, China has attracted the transfer of textile industry from Japan and South Korea and other places with low labor costs, and developed into the world's largest textile producer and exporter, occupying 9 positions in the world's top 10 textile manufacturers. With the improvement of the intelligent level of China's textile industry, China's textile industry will usher in new development opportunities in the future, combined with the textile industry "14th Five-Year" development outline, the average annual growth rate of industrial added value of textile enterprises above designated size is maintained in a reasonable range, and it is expected that in 2024-2029, the scale of China's textile industry will grow at a compound annual growth rate of 4%. The scale of China's textile industry will reach 3,442.2 billion yuan.

2, trend analysis: capacity transfer, "Internet +", green environmental protection

In the future, China's textile industry mainly for the gradual transfer of production capacity to Southeast Asia, Internet + textile is also expected to become one of the future development trends of China's textile and clothing industry, in addition, China's textile industry will gradually move toward the trend of green environmental protection, in the industry capacity optimization, policy guidance and other factors catalyzed, green environmental protection is still one of the factors that need to focus on the future development of China's textile and clothing industry.