Export growth shows resilience

According to the National Bureau of Statistics, the output of chemical fiber in the January-November period of 2022 was 61.77 million tons, down 0.1 percent year on year. The operating revenue of chemical fiber industry increased by 6.4%, but the total profit decreased by 65.05%. Revenue margin was 2.13%, down 4 percentage points from 2021. The contribution of chemical fiber accounted for 12.5% of the total profit of the textile industry.

"2022 will be a difficult year for chemical fiber companies. Faced with the complex and severe situation at home and abroad and the influence of multiple factors, the chemical fiber industry operates under pressure. Due to the repeated impact of the epidemic, the uncertainty of the operation of supply chains at home and abroad and the resumption of production of enterprises has increased, bringing great obstacles to the normal production and operation of chemical fiber enterprises, especially small enterprises. High crude oil prices fluctuate greatly also seriously drag down the chemical fiber market. At the same time, downstream demand continues to be weak." "Generally speaking, the production and operation situation of the chemical fiber industry in 2022 will be grim, and the industry will 'increase revenue without increasing profits'," Chen said.

Chen Xinwei stressed that in 2022, the economic operation of the textile industry showed a slowdown trend. The most core factor affecting the operation of chemical fiber industry is still the lack of demand. From the chemical fiber downstream of the main industry open probability, generally compared to the same period last year has declined. Taking the weaving industry in Jiangsu and Zhejiang as an example, the average operating rate in March was 70%, down 16 percentage points from the same period last year; From April to August, the average monthly operating rate was below 60%, and in September and October, the average monthly operating rate recovered to about 70%. However, since late October, there has been a downward trend, and the operating rate by the end of the year is around 40%.

However, Chen Xinwei pointed out that China's chemical fiber industry still showed strong resilience in the development of 2022, especially in the operation of carbon fiber industry, green fiber varieties development, industry exports and other aspects, have shown a bright spot.

"The domestic carbon fiber industry still maintains a high boom, market demand continues to increase, capacity scale is growing rapidly, production lines are basically running at full capacity, and several new projects are racing against time to meet the deadline." Chen Xinwei said that according to the feedback of key enterprises, the whole year, the enterprise's main revenue, net profit are compared to the same period last year has a larger growth. In 2022, it is expected that domestic carbon fiber industry can still achieve overall profit.

At the same time, under the guidance of the new development concept and the "two-carbon" goal, the scale of the bio-based fiber industry has maintained rapid growth. For example, the key technology of polylactic acid fiber has made continuous breakthroughs and attracted more attention. The development trend of Lessel fiber industry is obviously better. Chen said that the pace of research and development of differentiated and functional fibers is also accelerating, and those large enterprises with good product development, good brand and high degree of internationalization are relatively more profitable and less affected by market fluctuations.

It is worth noting that in 2022, China's export of chemical fiber products still maintains a good growth trend.

According to the statistics of China Customs, from January to November 2022, the total export volume of major chemical fiber products increased by 9.44% year-on-year, 2.11 percentage points higher than the annual growth rate of 7.33% since the 13th Five-Year Plan (2015). Among them, the export volume of acrylic fiber grew strongly, increasing 203.75% from January to November. Polyester bottle chip exports also performed well. After a 36% year-on-year growth in 2021, the export volume in January-November 2022 continued to grow by 42.99%, with Russia, the Philippines, Turkey, Algeria and Peru as the top five export markets.

"China's export of chemical fiber products increased in 2022, reflecting the increased demand in the international market and the improved competitiveness of our chemical fiber products." Chen Xinwei stressed.

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