In the first quarter, affected by the domestic epidemic, many places took measures to strengthen the closure and control, and residents' travel and consumption activities were suppressed. Some textile and apparel trading markets were temporarily closed, and the domestic sales market declined for the first time since 2021. According to data from the National Bureau of Statistics, the retail sales of clothing, shoes, hats, and knitted textiles by units above designated size in the first quarter decreased by 0.9% year-on-year, and the growth rate dropped by 55.1 percentage points compared with the same period of the previous year. The online consumption of textiles and clothing maintained a slight growth. In the first quarter, the national retail sales of online clothing items increased by 0.9% year-on-year, and the growth rate dropped by 38.7 percentage points compared with the same period of the previous year.

Under the joint support of factors such as the continuous recovery of overseas market demand, the force of the country's "stabilizing foreign trade" policy, and the rise in international bulk commodity prices, my country's textile and apparel exports have achieved good growth. According to Chinese customs data, in the first quarter, my country's textile and apparel exports reached 72.25 billion US dollars, an increase of 11% year-on-year, and the scale of increased exports reached the highest level in the same period of the previous year. With the gradual recovery of the textile supply chain in Southeast Asia and other countries, the demand for yarn and fabric related accessories has rebounded significantly. my country's textile exports have reached a new high of US$36.57 billion in the same period, an increase of 15.1% year-on-year. The terminal demand in the international market is basically stable. In the first quarter, my country's clothing exports reached 35.68 billion US dollars, a year-on-year increase of 7.4%.

The implementation of the Regional Comprehensive Economic Partnership (RCEP) provides a new competitiveness display platform for my country's textile industry chain. In the first quarter, my country's textile and apparel exports to the other 14 member countries of RCEP totaled 21.4 billion US dollars, a year-on-year increase of 12.3% , accounting for 29.6% of my country's total exports of textiles and clothing to the world in the same period.

The investment in the restoration of enterprise benefits under pressure achieves good growth

In the first quarter, the textile industry faced a complex situation in which unexpected unexpected factors such as multiple domestic epidemics, intensified conflict in Russia and Ukraine, and rising inflationary pressures were intertwined with normalized pressures such as weakening market demand, high raw material costs, and poor logistics operations. , the production and operation pressure of enterprises has increased, and the benefit restoration is obviously under pressure. Data from the National Bureau of Statistics shows that in the first quarter, the operating income of 36,000 textile enterprises above designated size in the country increased by 10.6% year-on-year, and the growth rate slowed down by 16.3 percentage points compared with the same period of the previous year; the total profit decreased by 9.2% year-on-year. In the same period, the operating income profit margin of textile enterprises above designated size was only 3.4%, down 0.7 percentage points from the same period of the previous year. Over 60% of the industrial chain has achieved positive growth in efficiency, but under the market situation of "high cost, weak demand, and high inventory", the total profit of the chemical fiber industry has dropped by 54.9% year-on-year. Affected by the weakening market demand and the high base in the previous year, the total profit of the home textile and industrial industries at the end of the industrial chain has not yet reversed the negative growth trend, but the clothing industry has been driven by factors such as the continuous release of upgraded consumer demand such as the "ice and snow economy". Benefit growth was obvious, with operating income and total profit increasing by 9.3% and 10.9% year-on-year respectively in the first quarter.

Although facing a relatively severe market environment, with the support of the country's steady growth, ensuring market entities increase their efforts to help enterprises and other policies, textile enterprises continue to deepen transformation and upgrading, actively expand technological transformation and upgrading, energy conservation and carbon reduction, regional layout adjustment and other fields The effective investment of the whole industry is growing well. According to data from the National Bureau of Statistics, in the first quarter, my country's textile industry, chemical fiber industry and clothing industry's fixed asset investment achieved rebound growth of 23.8%, 37% and 37.3% year-on-year, respectively, up 5.6, 27.5 and 20.2 percentage points from the same period last year. percentage point.

Difficulties and challenges have increased significantly, and development resilience has been steadily released

In the first quarter, the textile industry actively responded to and resolved various risks and challenges. While making every effort to maintain steady growth and resist downward pressure, it also strived to take into account the medium and long-term development goals of the "14th Five-Year Plan" to adjust the structure and promote transformation. Looking forward to the whole year, the development environment of my country's textile industry will become more complex and severe, and the difficulties and challenges to maintain stable operation will increase significantly. From the perspective of the external environment, the global epidemic is still spreading, the conflict between Russia and Ukraine continues to escalate, the operation of the international supply chain is hindered, and the monetary policy of developed economies is tightened faster. Downward pressure. Constraints on global industrial production, international trade, and market liquidity will become more prominent, creating persistent constraints on the recovery of market consumption capacity and the improvement of residents' consumer confidence. With the gradual recovery of the overseas textile supply chain, the adjustment of the international procurement pattern will also be accelerated. my country's textile industry will face a situation of intensified competition, and the export pressure will increase significantly.

From the perspective of the domestic environment, the new round of the epidemic and the downward pressure on macroeconomic risks will have a certain impact on corporate efficiency, employment situation, residents' income and the improvement of market expectations for a period of time. However, the fundamentals of my country's economic stability and long-term improvement have not changed. In the first quarter, GDP increased by 4.8% year-on-year, and the economic growth rate is still at the forefront of the world's major economies. As the impact of the epidemic is gradually brought under control, the stuck points at both ends of supply and demand are expected to be gradually unblocked, and the consumer market will gradually show a recovery trend. Ice and snow consumption, green consumption, platform consumption and other emerging hotspots and innovative formats are competing to be active, which will promote the steady growth of the domestic market for textiles and clothing. At the same time, the national macro-control policies have been deployed ahead of schedule and exerted their strength in advance, focusing on accelerating the construction of a unified national market, promoting the implementation of employment priority, stabilizing foreign trade and promoting consumption, increasing market supply and price stability, and strengthening support for the real economy. Strengthen policy coordination The linkage will also provide support for the textile industry to further stimulate and tap the market potential of domestic demand, and to resolve risks and pressures such as high comprehensive costs and high inventory operations. In addition, the advantages of my country's textile industry chain supply chain system are complete, efficient and stable, and independent and controllable are still outstanding. Once the epidemic prevention and control reaches an inflection point, the industry is fully capable of exerting its own competitive advantages, taking the initiative in domestic and foreign markets, and fully promoting the operation of the industry. stabilize early.

The textile industry will continue to actively implement the decisions and deployments of the Party Central Committee and the State Council. In accordance with the requirements of the Central Economic Work Conference, it will continue to adhere to the general work tone of "steady words at the head and seek progress while maintaining stability", and steadily release the development resilience accumulated by years of in-depth adjustment and transformation. Continue to activate the potential of high-quality development, continue to give full play to the positive role of the industry in ensuring production supply, stimulating the vitality of domestic demand, improving employment and income, etc., and strive to consolidate the foundation for stable and sound economic development, keep the economy operating within a reasonable range, and meet with practical actions. The party's twentieth victory was held.

Dongguan Kingming Hardware Plastic Technology co.,Ltd. can professionally provide you with the customization of luggage hardware accessories , luggage hardware,luggage buckles, luggage hardware buckles, shoe buckles, and shoe buckles to meet your individual needs and make your luggage The hardware accessories are different, let your bags shine.