In the first quarter, the overall growth of the home textile industry rebounded more clearly, benefits continued to increase, and domestic sales generally grew. However, the export continued its negative growth trend in 2015. Due to the drop in export prices, the export value continued to decline.
Domestic sales showed a slight increase in profits over the same period of last year
1. The growth rate has picked up
After undergoing adjustments in 2015, the growth rate of the home textile industry rebounded in 2016. In the first quarter, the total revenue of the 1913 enterprises above designated size calculated by the National Bureau of Statistics was 61.64 billion yuan, an increase of 6.36% year-on-year, an increase of 4.42 percentage points from the same period of 2015 and an increase of 5.82 percentage points from the entire year of 2015. 16 industrial clusters realized main business income of 69.28 billion yuan, an increase of 6.2% year-on-year, an increase of 3 percentage points over the previous year. The 205 companies that the association focused on tracked achieved main business income of 19.24 billion yuan, a year-on-year increase of 0.8% and a decrease of 2.7 percentage points from the same period of last year.
2. Benefits continue to increase
In the first quarter, 1913 enterprises above designated size achieved a total profit of 3.5 billion yuan, an increase of 8.79% year-on-year and a decrease of 3.72 percentage points from a 12.51% growth rate over the same period of last year; the profit rate was 5.69%, an increase of 0.13 percentage points year-on-year.
At the same time, the main business cost of 1913 enterprises above designated size was 53.94 billion yuan, a year-on-year increase of 6.34%, which was basically the same as the growth of main business income. Gross profit margin for sales was 12.48%, a slight increase of 0.01 percentage points year-on-year.
The three expenses for hundred yuan sales revenue was 6.06 yuan, which was a decrease of 0.09 yuan compared with the same period of 2015. The growth rate of the three expenses was lower than that of the main business revenue. In the first quarter, the total cost of 1913 companies above designated size was 3.73 billion yuan, an increase of 4.8% year-on-year. Among them, operating expenses increased by 3% year-on-year, management expenses increased by 6.08%, and financial expenses increased by 5.59%.
In the first quarter, 13 industrial clusters realized a total profit of 3.91 billion yuan, a year-on-year increase of 12.3%. The 205 companies that the association focused on tracking achieved a total profit of 1.12 billion yuan, a year-on-year increase of 7.6%.
3. General growth of domestic sales
In the first quarter, 1913 enterprises above designated size achieved a domestic sales value of 49 billion yuan, an increase of 8% year-on-year, an increase of 6 percentage points from the previous value of 2.1%. Among them, domestic production value of bedding products was 22 billion yuan, a year-on-year growth of 6.8%, an increase of 10.4 percentage points from the previous value of -3.6%. Domestic sales of towels reached 15 billion yuan, an increase of 8.1% year-on-year, an increase of 5.4 percentage points from the previous 2.7%. The domestic sales value of fabrics was 3.48 billion yuan, a year-on-year increase of 15.5%, and an increase of 3.7 percentage points from the previous value of 11.8%. In addition, 13 industrial clusters achieved domestic sales value of 54.48 billion yuan, an increase of 3.6% year-on-year, an increase of 2.1 percentage points from the same period of last year. The 205 companies that the association focused on tracked achieved domestic sales of 13.76 billion yuan, an increase of 2.9% year-on-year.
This year, the retail of traditional large shopping malls is less optimistic. According to data from the National Federation of Commerce, in the first quarter, the sales volume of retail textiles in China's large-scale shopping malls fell by 8.9% year-on-year, the previous value was -2.5%; the sales of bedding products decreased by 4.9% year-on-year, the previous value was -7.4%, a decrease Have narrowed.
It is worth mentioning that, compared with the decline in sales of large-scale shopping malls, the market volume of professional textile products in home textile products has maintained a steady growth, and in particular, the turnover of the home textile market in Dieshiqiao has grown well. According to statistics, in the most representative bedding market in the first quarter, the turnover of Dieshiqiao (bedding) market increased by 19.54% year-on-year, that of Gaoyang Textile Trade City increased by 4.55%, and that of Haining China National Textile City increased by 4 years. %.
Exports continue to decline Product prices fall
According to customs statistics, in the first quarter, China’s textile and apparel exports totaled 56.6 billion U.S. dollars, down 5.2% year-on-year. Among them, textile exports were 23.45 billion U.S. dollars, down 2.2% year-on-year; apparel exports were 33.18 billion U.S. dollars, down 7.3% year-on-year. Affected by the sluggish global economy and reduced demand, China's textile and apparel exports continued to decline, and home textile exports also showed the same situation.
1. Domestic Textile Export Profile
Affected by the sluggish global economy and declining demand, in the first quarter, China's textile exports totaled US$ 8.32 billion, a year-on-year decrease of 5.7%. Among them, the export volume increased by 0.9% year-on-year, and the export price decreased by 6.5% year-on-year. The main reason for the decline in export volume was due to the decline in export prices.
2. The U.S. market has clearly declined
The export of China's national textile products to the United States has fallen on the basis of higher growth. Specifically, in the first quarter, exports to the United States fell by 5.5% year-on-year, with the previous value at 16.8%. Exports to the U.S. market declined compared to the same period of last year, but still increased compared to the previous year.
3. EU , Japan market increased slightly year-on-year
The year-on-year slight increase in exports to the EU and Japan markets was achieved with a lower base figure in 2015. In the first quarter, China’s exports of textile products to the EU grew by 2.2% year-on-year, with the previous value at 0.5%; exports to Japan increased slightly by 1% year-on-year, and the previous value was -13.9%.
4. ASEAN, the Middle East, 17 countries fall back
In the past few years, the export of China's textile products to the 10 ASEAN countries has continued to grow at a high rate. The current downturn is a periodical fluctuation, and the total size of ASEAN exports is still huge. In the first quarter, cumulative exports to the 10 ASEAN countries fell by 9.1% year-on-year, with the former being 25%. The scale of its exports has decreased from the previous year, but it is still higher than the level of the previous year. The size and growth rate of the 17 countries that exported to the Middle East are similar to those of ASEAN. In the first quarter, exports to the 17 Middle East countries fell by 14.6% year-on-year, with the previous value being 11.7%.
5. Growth in three countries in South Asia, Russia is flat
In other major emerging markets, as India’s economy has become a new bright spot in the world’s economic development, China’s exports of home textile products to the three countries of South Asia (India, Pakistan, and Bangladesh) have grown. In the first quarter, exports to the three countries in South Asia increased by 5.2% year-on-year, especially in the context of the high growth rate of 47.8%, which is particularly rare. Exports to Russia remained flat compared to the previous year and remained low, with the previous value at -57.9%.
6. Export of major products
In the first quarter, except for the export of towels, which increased by 4.4% year-on-year, the export volume of various products in our country’s textile products decreased compared with the same period of last year. Among them, the decline in exports of bedding, cloth and carpets was smaller than that of other products. Specifically, bedding exports decreased by 4.7% year-on-year, fabric products exports fell by 3.3% year-on-year, carpet exports decreased by 7.1%, blanket exports decreased by 15.2%, and kitchen and kitchen textile exports decreased by 16.8%.
In the first quarter, in terms of the number and unit price of China's textile exports, except for the decrease in the number of blankets and kitchen and kitchen exports, the number of other products has increased year-on-year, but the unit prices of all products have declined year-on-year, indicating that the products are exported. The total amount rose, but the main reason for the decline in total exports was the impact of the decline in export unit prices.
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