Analysis of the operation of home textile industry from January to August 2018
10/26/2018

From January to August this year, the home textile industry continued to maintain a steady growth trend. The industry's revenue growth rate was stable, the efficiency growth momentum was good, and the industry's exports and domestic sales maintained a good growth.

The industry maintains steady growth

From January to August this year, 1,851 enterprises above designated size in the home textile industry achieved a main business income of 143.64 billion yuan, a year-on-year increase of 3.77%. The association tracked and counted 14 industrial clusters, achieving a main business income of 186.143 billion yuan, an increase of 8.98%. More than 200 companies that tracked statistics achieved a main business income of 51.896 billion yuan, a year-on-year increase of 3.34%.

The main business income of various sub-sectors of home textiles achieved steady growth. From January to August this year, the income from the main business of above-scale bedding enterprises was 75.482 billion yuan, up 4.59% year-on-year; the income of towel enterprises above designated size was 28.629 billion yuan, up 0.87% year-on-year; the income of fabric enterprises above designated size was 15.763 billion yuan, a year-on-year increase. 5.16%.

Good growth in benefits

From January to August this year, home textile enterprises above designated size achieved a total profit of 7.163 billion yuan, a year-on-year increase of 5.63%. After continuous adjustment of industry enterprises, by August this year, the industry resumed the situation that the cumulative profit growth rate was higher than the income growth rate.

Export market keeps growing

From January to August this year, the national textile and apparel exports totaled 181.4 billion US dollars, an increase of 3.72%. Among them, textile exports amounted to 78.735 billion yuan, a year-on-year increase of 9.50%.

According to customs data, from January to August, the export of China's textile products achieved good growth. Exports to the five major export markets – the US, EU, ASEAN, Japan and Australia – were 7.5%, 6.7%, 6.1%, 3.1% and 12.4%.

The domestic market continues to be good

From January to August this year, the domestic sales value of the home textile industry under various statistical calibers continued to maintain a good growth. The domestic textile enterprises above designated size achieved a total domestic sales value of 104.469 billion yuan, a year-on-year increase of 4.76%. The 205 key enterprises tracked by the association achieved a domestic sales value of 37.066 billion yuan, a year-on-year increase of 2.96%. The 14 industrial clusters tracked achieved a domestic sales value of 151.223 billion yuan, a year-on-year increase of 8.96%.