In 2019, the domestic and international macroeconomic situation facing China's textile industry has become more complicated and severe, and various unstable and uncertain factors have been intertwined, bringing multiple tests for the industry to promote high-quality development.

Domestic sales growth slowed down, online sales increased

Since 2019, the domestic market for textile and apparel products has steadily slowed down, but online retail sales have been growing well.

In the first half of the year, the retail sales of clothing, shoes, hats and needles and textiles above designated size in the country was 656 billion yuan, a year-on-year increase of 3%. The growth rate slowed by 6.2 and 0.3 percentage points respectively compared with the same period of the previous year and the first quarter of this year. Retail sales increased by 21.4% year-on-year, and the growth rate slowed down by 2.7 percentage points from the same period of the previous year, but accelerated by 2.3 percentage points from the first quarter of this year and returned to a higher growth level of more than 20% since April.

The overall situation is stable

Since 2019, the textile industry's prosperity has continued to expand. In the first quarter and the first half of the year, the textile industry's prosperity index was 55 and 52 respectively, both above the 50-year-old line, indicating that the industry is still in a growth cycle.

Operating quality pressure has increased

Since 2019, under the pressure of internal and external markets, the profit pressure of textile enterprises has increased, the difficulty of improving the operation quality has increased, and the operating profit margin is increasing month by month. However, enterprises are still actively upgrading and upgrading, and strive to improve their comprehensive management capabilities. In an effort to resolve external risks and maintain steady development.

Generally speaking, in the second half of 2019, the external environment faced by the textile industry is more complicated, but China's macroeconomic environment and domestic demand consumer market will still provide important development support for the industry.

Founded in 1984, Ningbo Volkswagen Chemical Fiber Industry Co., Ltd. is now a large industrial enterprise in Zhejiang Province, with an annual output of 68-1800D PP yarns, PP POY yarns, polypropylene plain yarns, PP FDY yarns 15,000 tons, 1.5D- 13D various specifications of polyester staple fiber 25,000 tons, welcome new and old friends to visit us!