Analysis of the development status of China's textile industry in 2021

Analysis of the development status of China's textile industry in 2021

Summary

In 2021, the textile industry persisted in deepening transformation and upgrading and made efforts to defuse the risk impact caused by the epidemic. The decline of major operating indicators continued to reduce, the economic operation situation recovered steadily, and the export trade achieved an unexpected growth driven by epidemic prevention materials.

In 2021, the textile industry persisted in deepening transformation and upgrading and made efforts to defuse the risk impact caused by the epidemic. The decline of major operating indicators continued to reduce, the economic operation situation recovered steadily, and the export trade achieved an unexpected growth driven by epidemic prevention materials.  

Since 2021, the overall prosperity of the textile industry has maintained expansion, and the production utilization rate has increased quarter by quarter.  According to the survey data of China National Textile and Textile Industry Council, in the first quarter of 2021, the climate index of the textile industry dropped to below the threshold of 50 due to the impact of the epidemic. Since the second quarter, the climate index rose to above 50 and was 61.3 in the fourth quarter, which is a good level in recent years, indicating that the business confidence of enterprises is steadily improving. Image