Textile technology has experienced a long history of development in our country and has long been famous in the world . As one of my country's traditional pillar industries and major manufacturing industries, my country's textile industry has always undertaken important missions such as expanding employment and earning foreign exchange through exports. At present, my country is the world's largest producer and exporter of textiles and clothing.
Since late 2022, due to the impact of the epidemic on the national economy, Superimposed with poor export transportation and weakening overseas terminal demand, the pressure on the textile industry to destock is gradually increasing, especially in the sports industry chain. The order decline is relatively obvious. The overall situation of the textile industry is complicated and severe. Continuous volatility.
2023Since the past 20 years, the recovery momentum of the world economy has been insufficient, and the volatility of the international financial market has intensified. Under the influence of the appreciation of the renminbi, exchange losses have increased, and the negative impact on foreign trade has been considerable. Despite being squeezed by high raw material costs and insufficient market demand, looking at the overall situation in the first quarter of 2023, the decline in corporate orders has narrowed slightly. In addition, the ability to control costs has increased, and profits are better than expected.
The textile and garment industry is one of the important downstream of thermoplastic polyurethane elastomer (TPU) , TPU shoe materials and films are mostly used in this industry. The main downstream spandex of PTMEG is also one of the important raw materials of the textile industry. Although the textile industry is still under pressure in the first quarter, in the third quarter, the industry is expected to usher in an inflection point of rebound, which will boost the raw material market.
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