The global textile industry faced unprecedented challenges during the COVID-19 pandemic, with Europe and the United States being severely affected. To adapt to the changing landscape, textile orders were redirected to China, leading to a boost in the country's textile industry. This growth is closely intertwined with the evolution of textile machinery, as China's textile machinery sector gradually embraces smart manufacturing.
The Textile Industry in Transition:
In 2020, the industrial added value of China's textile enterprises faced a 2.6% year-on-year decrease, with the textile industry itself seeing a 0.7% increase, while chemical fiber manufacturing increased by 2.2%. The textile, clothing, and apparel industry experienced a 9.0% decrease in industrial added value. However, the demand for epidemic prevention materials fueled a significant 54.1% year-on-year increase in the industrial added value of industrial-use textiles, and non-woven fabric production saw a 15.8% year-on-year increase.
Despite these challenges, above-designated-size textile enterprises in China achieved an operating income of 4.5191 trillion yuan in 2020, marking an 8.8% year-on-year decrease. The total profit reached 206.5 billion yuan, reflecting a year-on-year decrease of 6.4%. Meanwhile, China's textile and clothing exports amounted to 291.2 billion US dollars, almost reaching historical highs, with a year-on-year increase of 9.6%.
The Role of Textile Machinery:
The evolution of China's textile machinery industry is pivotal in driving the textile sector forward. According to data from the China Textile Machinery Association, the operating income of scale-above textile machinery enterprises in China decreased by 10.1% in 2019, while total profits decreased by 14.1%. However, the market size of China's textile machinery industry in 2019 was 78.85 billion yuan, showcasing its resilience and potential.
China's textile machinery industry's import and export values have remained stable at around 3-4 billion US dollars in recent years. In 2019, textile machinery exports from China increased by 3.2% year-on-year, while imports decreased by 10.4%.
SUNTECH Textile Machinery, an established enterprise with 50 years of technical expertise, is at the forefront of transforming the textile machinery industry. They have seamlessly integrated textile machinery technology into the development of intelligent equipment in textile machinery and material handling equipment. Particularly, their automatic packaging machine has gained international acclaim, boasting excellent reviews and a high customer retention rate.
Committed to delivering premium textile machinery of the highest quality, SUNTECH focuses on meeting the demands of global clientele, with their products being exported worldwide. Over the years, SUNTECH has earned a reputation for dependable and productive textile machinery, with their flagship product, the ST-BS (Beam Storage), holding a leading position in the industry.
Conclusion:
The textile industry in China is undergoing significant changes, driven by the adoption of smart manufacturing and innovative technologies. SUNTECH Textile Machinery is a prime example of a company contributing to this transformation by creating intelligent equipment and fabric inspection packing lines that have garnered global recognition. As China's textile industry continues to grow, SUNTECH remains at the forefront, providing high-quality machinery to meet the evolving demands of the market.