At present, persistent inflationary pressures and heightened geopolitical conflicts are troubling the global economic recovery; The domestic economy has continued to recover to a positive momentum, but the lack of demand is still a prominent constraint. From January to October 2023, the production of China's industrial textile industry maintained a stable operation, the main economic indicators showed a weak recovery pattern, and the contraction of external demand made the growth rate of foreign trade still low.

In terms of production, according to the data of the National Bureau of Statistics, from January to October, the output of nonwovens of enterprises above the scale fell by 3.6% year-on-year, and the production of curtain fabrics maintained an increasing trend, with a year-on-year increase of 7.1%.

In terms of economic benefits, according to the data of the National Bureau of Statistics, from January to October, the total operating income and profit of enterprises above the scale of the industrial textile industry fell by 6.1% and 28.5%, respectively, narrowing by 0.5 percentage points and 1.2 percentage points compared with the third quarter, and the operating profit margin was 3.5%, an increase of 0.1 percentage points compared with the third quarter. From January to October, the total operating income and profit of non-woven enterprises above the scale fell by 5.3% and 34.2% year-on-year, respectively, and the operating profit margin was 2.3%, down 1 percentage point year-on-year; The operating income of enterprises above the scale of rope, rope and cable rebounded significantly, increasing by 0.8% year-on-year, the total profit decreased by 46.7% year-on-year, and the operating profit margin was 2.3%, down 2.1 percentage points year-on-year. The total operating income and profit of enterprises above the scale of textile belt and cord fabric decreased by 6.2% and 38.7%, respectively, and the operating profit margin was 3.3%, down 1.7 percentage points. The operating income and total profit of enterprises above the scale of tent and canvas decreased by 13.3% and 26.7% respectively, and the operating profit margin was 5.2%, down 0.9 percentage points. The total operating income and profit of other industrial textile enterprises above the scale of filtration and geotextile decreased by 5.2% and 16.1%, respectively, and the operating profit margin of 5.7% was the highest level in the industry.

In terms of international trade, according to China Customs data, from January to October 2023, the export value of China's industrial textile industry (customs 8-digit HS code statistics) was 32.32 billion US dollars, down 12.9% year on year; From January to October, industry imports (customs 8-digit HS code statistics) were 4.37 billion US dollars, down 15.5% year on year. By product, industrial coated fabric, felt cloth/tent is the industry's two major export products, exports were 3.77 billion US dollars and 3.27 billion US dollars, respectively, down 10.2% and 14%; Overseas demand for nonwovens continued to pick up, exports of 1.077 million tons, an increase of 7.1%, but affected by the decline in export unit price, exports of 3.16 billion US dollars, down 4.5%; The overseas market of disposable sanitary products (diapers, sanitary napkins, etc.) remained active, with exports reaching 2.74 billion US dollars, an increase of 13.2%. Among the traditional products, the decline of the export value of leather base cloth and industrial glass fiber products has narrowed, and the decline of the export value of wire and rope textiles, canvas and packaging textiles has deepened to different degrees. The export value of wiping cloth (excluding wipes) was $1.16 billion, down 0.9% year-on-year.

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