The operation status of China cotton textile industry cluster in May 2023

China Cotton Industry Association: Operation status of cotton textile industry cluster in May 2023

1. Equipment utilization

From January to May, the number of enterprises operating in "key clusters" increased by 2.3% year-on-year, of which enterprises above designated size increased by 2.1% year-on-year; the number of employees decreased by 7.3% year-on-year, of which enterprises above designated size decreased by 8.5% year-on-year. From January to May, the equipment utilization rate of "key clusters" averaged around 90%, a year-on-year decrease of 1.5 percentage points, and the equipment utilization rate of enterprises above designated size averaged around 91%, a year-on-year decrease of 1.8 percentage points.

2. Yarn and cloth production capacity and output

From January to May, the spinning production capacity of "key clusters" increased by 5.7% year-on-year, and the weaving production capacity increased by 2.1% year-on-year. In terms of output, from January to May, the output of various yarns in "key clusters" increased by 3.8% year-on-year, of which the enterprises above designated size increased by 2.6% year-on-year; the output of cloth increased by 0.2% year-on-year, of which the enterprises above designated size decreased by 0.5% year-on-year.

Overall, the production of the cotton textile industry remained stable in May. However, with the advent of the off-season, the market demand growth momentum is not strong and the pressure is increasing. Consumer confidence still needs to be improved. The inventory pressure of cotton textile enterprises is gradually increasing. In the later period, it will be appropriate Adjust the power-on level to relieve stress.