Industrial Data: A Brief Analysis Of The Operation Of Industrial Textile Industry In The First Quarter Of 2025

In the first quarter of 2025, the global economy will recover slowly, the growth momentum of major economies will show a trend of differentiation, and the US tariff policy is bringing new uncertainty shocks to the global trading system; The performance of the domestic economy exceeded market expectations, and a package of stock and incremental policies worked together, showing a new and positive start. China's industrial textile industry has continued the recovery momentum in 2024. The industrial added value of the industry has maintained an upward trend. Several major economic indicators have risen steadily, and the overall export has continued to grow steadily. According to the survey of the Association, in March 2025, the boom index of China's industrial textile industry rose 2.2 points month on month, to 54.8, which is in the micro boom range.

　　 Production According to the data of the National Bureau of Statistics, the nonwoven market demand will remain strong from January to March 2025 Nonwovens The output increased by 8.9% year on year; For enterprises above designated size Cord fabric The output slightly decreased by 0.4% year on year.

　　 Economic benefits According to the data of the National Bureau of Statistics, from January to March 2025 Industrial textile industry The operating income and total profit of enterprises above designated size increased by 6.7% and 10.9% year on year respectively, and the operating profit margin was 3.3%, up 0.1 percentage point year on year.

In terms of different fields, Nonwovens The operating income and total profit of enterprises above designated size increased by 8.5% and 47.8% year on year respectively, but the operating profit margin was still at a low level, only 2.4%; Rope, rope, cable The operating revenue of enterprises above the industry scale increased by 16.5% year on year, but the growth rate of operating costs also reached 17.4%, resulting in the growth rate of total profits narrowed to 4.4%, and the operating profit margin decreased by 0.3 percentage points to 2.2% year on year; Textile belt and cord fabric The industry started well. The operating income and total profit of enterprises above designated size increased by 12.2% and 72.7% year on year respectively, and the operating profit margin was 2.5%, up 0.9 percentage points year on year; Canopy and canvas The profitability of the industry was significantly restored. The operating income and total profit of enterprises above designated size increased by 4.2% and 12.4% respectively year on year, and the operating profit margin increased by 0.4 percentage points to 5.4% year on year, the highest level in the industry; Filter, geotextile Textiles for other industries The operating income and total profit of enterprises above designated size decreased by 0.3% and 17.5% respectively year on year, and the operating profit margin was 5%, down 1.1 percentage points year on year.

　　 Listed companies In the first quarter of 2025, the operating performance of relevant listed companies in the industrial textile industry was generally good. The operating revenue of 33 listed companies increased by 13.4% year on year, and the total profit increased by 29% year on year. Among them, listed companies in the fields of nonwovens, safety protection textiles and sanitary textiles have made a good start, while listed companies in the fields of Pengfan textiles, filtration and separation textiles have greater pressure on their business performance.

Growth rate of major economic indicators of industrial textile industry from March 2024 to March 2025

Data source: National Bureau of Statistics, China Industrial Textile Industry Association

　　 International trade , according to Chinese customs data (customs 8-digit HS code statistics), From January to March 2025, the export volume of China's industrial textile industry was US $10.35 billion, up 4.1% year on year The import volume of the industry was 1.26 billion US dollars, up 6.7% year on year.

By product, Industrial coated fabrics are the products with the largest export amount in the industry The export volume reached 1.22 billion US dollars, up 2.1% year on year; Felt/tent The export volume of was 1.17 billion US dollars, up 4.3% year on year; Nonwovens and their products Overseas demand remained stable. The export volume of nonwoven coiled materials was 393000 tons, up 14.5% year on year, and the export volume was US $1.01 billion, up 5% year on year. The export volume of disposable sanitary products (diapers, sanitary napkins, etc.) and wiping cloth (excluding wet wipes) was US $920 million and US $400 million, up 12.5% and 4.1% year on year respectively; Traditional products In China, the export of cord (cable) and belt textiles, canvas, and industrial glass fiber products increased to varying degrees, while the export growth of leather base cloth and packaging textiles decreased slightly.

The United States, Vietnam, Japan, South Korea and India are the main exporters of China's industrial textiles, accounting for about one-third of the total export volume. From January to March 2025, China's exports of industrial textiles to the United States, Vietnam, Japan and South Korea have increased to varying degrees, and the exports to India have decreased by 2.5% year on year. Affected by the tariff policy of the United States government, there has been a "hoarding surge" in the American local market, which has promoted the growth of China's exports of industrial textiles to the United States to 9%.

Exports of industrial textiles and major products from January to March 2025

Data source: China Customs, China Industrial Textiles Industry Association

At present, the risk of global economic downturn has risen significantly. The International Monetary Fund (IMF) released the latest World Economic Outlook Report on April 22, lowering the global economic growth forecast to 2.8% in 2025, 0.5 percentage points lower than the forecast in January this year; Domestic macro policies have been effective, the consumer market has continued to heat up, and the pattern of strong supply and weak demand has improved. Looking forward to the second quarter, the favorable factors supporting the good start of the national economy in the first quarter will continue to play a role, especially the introduction of a package of financial policies to stabilize the market and expectations, which will have a positive impact on related industries, but the industry still needs to be alert to the impact of the imbalance between supply and demand in some areas; The global trade pattern is undergoing profound changes, and the US tariff policy may trigger the deep restructuring and regionalization of the global industrial chain. In this regard, China's industrial textile industry still needs to alleviate pressure in the short term through market diversification, cost optimization and supply chain management. In the long term, it needs to focus on technological innovation, green transformation and brand building to build global competitiveness. The industry needs to find a balance between "strategic focus" and "tactical flexibility", Transform external pressure into the power of industrial upgrading.

(Source: China Industrial Textile Industry Association)