The development status of China's chemical fiber industry in 2018
Driven by the structural reform on the supply side, the chemical fiber industry in 2017 was running steadily and leading the way. The chemical fiber industry has accelerated the elimination of backwardness and mergers and acquisitions. With the increase in total volume, the industrial concentration has improved. The overall operating rate of the industry has improved compared with 2015 and 2016. The inventory has remained low and the product price has fluctuated under the support of the original cost. Upward, the quality of the industry's operations has improved significantly, and the benefits have increased substantially.
Chemical fiber production increases
In recent years, China has made full use of the strong demand in the domestic market and the advantages of the industry to achieve rapid growth in production capacity and significantly improved industrial competitiveness. At present, China's chemical fiber production ranks first in the world, and its product coverage and application range are also the most extensive in the world. In 2011-2017, China's chemical fiber production increased volatility; by 2017, China's chemical fiber production reached 491.96 million tons, an increase of 5.0%.
As far as the region is concerned, Zhejiang Province is the largest province in China's chemical fiber industry and the largest chemical fiber industry base in the world. The chemical fiber industry has become an important pillar industry of the national economy of Zhejiang Province and a socially stable civilian production industry. In 2017, the output of chemical fiber in Zhejiang Province reached 20.56 million tons, ranking first in the national chemical fiber production. As a major textile province, Jiangsu Province has a strong chemical fiber industry. In 2017, Jiangsu Province achieved a chemical fiber output of 14.71 million tons, ranking second in the country. The production of chemical fiber in Fujian, Sichuan, Shandong and other regions after Jiangsu Province was below 10 million tons in chemical fiber production.
Chemical fiber sales declined slightly
In recent years, my domestic demand market has continued to expand, while natural fibers such as cotton have been slow to grow due to land constraints, and the status of chemical fiber in textile raw materials will be further strengthened. With the recovery of the textile market, the demand for chemical fiber has improved. In the first three quarters of 2017, the cumulative sales volume of chemical fiber reached 37.507 million tons, a year-on-year increase of 5.7%. From the perspective of the whole year, the sales volume of chemical fiber in 2017 was 48.103 million tons, a decrease of 1.4% compared with 2016. In the first quarter of 2018, China's chemical fiber sales volume was 10.2311 million tons, down 5.9% year-on-year.
The number of enterprises above designated size continues to decrease
In 2011-2014, the number of enterprises above designated size in China's chemical fiber manufacturing industry increased year by year, from 1,557 in 2011 to 1,938. After 2014, the number of enterprises above designated size in China's chemical fiber manufacturing industry continued to decrease. By 2017, the number of enterprises above the scale of chemical fiber manufacturing was 1,851, down 1.9% year-on-year.
The chemical fiber industry's operating efficiency is stable and good
In 2011-2017, the sales revenue of China's chemical fiber manufacturing industry has increased year by year; in 2011, the industry's sales revenue was 633.88 billion yuan; by 2017, the chemical fiber manufacturing industry reached 790.58 billion yuan, an increase of 24.9%. Contrary to the change in sales revenue, since 2011, the total profit of China's chemical fiber manufacturing industry has been decreasing, from 44.490 billion yuan in 2011 to 22.527 billion yuan in 2016. In 2017, the profitability of China's chemical fiber manufacturing industry improved. The total profit of chemical fiber enterprises above designated size reached 32.062 billion yuan, a year-on-year increase of 21.4%. The profits of China's chemical fiber industry mainly come from the three major industries of human fiber, polyester and nylon. The recovery of profits in the chemical fiber industry will promote the enthusiasm of the industry's fixed asset investment, control the reasonable growth of production capacity, and continue to adjust the industrial structure, which will be the key to the future development of the industry.