Analysis on the Development Status and Import and Export Situation of China's Chemical Fiber Industry in 2020
Release time:
16 Feb,2022
In 2019, the demand side of the chemical fiber industry continued to weaken, and the pressure of the contradiction between supply and demand increased: dragged down by various factors such as the crude oil market and international trade disputes. Product prices fall, industry earnings decline: lack of investment in fixed assets, investment reduction, industry new capacity slowdown.
In 2019, the demand side of the chemical fiber industry continued to weaken, and the pressure of the contradiction between supply and demand increased: dragged down by various factors such as the crude oil market and international trade disputes. Product prices fall, industry earnings decline: lack of investment in fixed assets, investment reduction, industry new capacity slowdown.
But there are also bright spots in the operation of the industry: three private refining projects have been put into production, the industrial chain "integration" process accelerated: the first 5G smart workshop was born. Industry to intelligent development further, regenerated cellulose fiber industry green development alliance (CV alliance) has been internationally recognized, the industry green development is fruitful: leading enterprises, differentiated sub-sectors of enterprises to maintain strong competitiveness, to promote the high-quality development of the chemical fiber industry.
In terms of export market structure, affected by the Sino-US trade war, China's chemical fiber exports to the United States decreased by 39.03 year-on-year in 2019, accounting for 4.02 percentage points of total chemical fiber exports. In the same period, the export of chemical fiber to ASEAN and the major countries along the "Belt and Road" has increased significantly, reflecting the adjustment of the global textile industry layout.
Overall, due to China's chemical fiber export market is more dispersed, the United States share of less than 5%. Therefore, although the Sino-US trade friction has led to a significant decline in China's chemical fiber exports to the United States, it can basically be compensated by seeking other alternative markets.
In 2019, China's chemical fiber industry achieved revenue of 857.121 billion billion yuan from its main business, up 4.00 percent year-on-year, and total profit of 31.101 billion billion yuan, down 19.77 percent year-on-year. The industry lost 22.11 per cent of its losses, an increase of 3.88 percentage points over 2018, and the losses of loss-making enterprises also increased significantly by 73.23 per cent year-on-year.
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Hebei Junye Fiber Co., Ltd.
Consultation:+86-13400119596
E-mail:junyefiber@163.com
Website:www.junyefiber.com
Address: Kangzheng Avenue, Lincheng County, Xingtai City, Hebei Province
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