China : Nonwovens production stabilized at hi...
China

Nonwovens production stabilized at high rates

(Source: Pexels)
(Source: Pexels)

In the first 3 quarters of 2021, China’s industrial textile industry has returned to normal operation from the rapid growth in 2020, according to the China Nonwovens and Industrial Textiles Association, Beijing/China. Affected by the high base in the same period in 2020, the industrial added value of companies above designated size in China's industrial textile industry continued to decline from January to September 2021, with a decline of 21.0%, but the 2-year average growth rate still reached 12.3%.
In terms of production for the same time period, the output of nonwovens of companies above designated size reached 4.48 million tons, a year-on-year decrease of 1.0%.  
For the reporting period, the operating income of textile companies above designated size decreased by 14.7% year-on-year, with an average increase of 10.8% in 2 years, and total profit decreased by 63.8% year-on-year. The 2-year average growth rate was 14.1%. In terms of different areas, the operating income and total profit of the nonwovens industry decreased by 23.9% and 74.7%, respectively, and the operating profit rate was 5.1%, a decrease of 10.3 percentage points from the same period of the previous year.
The operating income and total profit of the rope, cable and cable industries year-on-year growth of 11.4% and 7.9%, respectively, operating profit margin of 4.2%, a year-on-year decrease of 0.14 percentage points; textile belts and cord fabric market development momentum is good, operating income and total profit increased by 21.2% and 99.5% respectively year-on-year, operating profit margin reached 5.5%, an increase of 2.15 percentage points year-on-year; the operating income and total profit of awnings and canvas increased by 26.1% and 22.5% year-on-year, respectively. The operating profit rate of 5.9% was the highest in the industry; other industries where medical care, filtration, and geotextiles are located The operating income and total profit of textiles fell by 24.6% and 66.5% respectively, and the operating profit rate was 5.4%, down 6.7 percentage points year-on-year.

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