Polyester Fabric Industry Overview and Downstream Market Analysis

Polyester fabric is a kind of chemical fiber clothing fabric commonly used in daily life. Its biggest advantage is wrinkle resistance and shape retention. Therefore, it is suitable for outdoor products such as outerwear, various bags and tents, and is widely used in textile industry. Industry, home textile industry and industrial textile industry and other sub-sector industries.

The market demand for polyester fabrics continues to increase, mainly due to the increased demand for polyester fabrics and other products in the downstream textile and garment industry, home textile industry and industrial textile industry.

①Demand of the textile and garment industry

The continuous improvement of my country's economic aggregate and the continuous growth of the income level of urban and rural residents have laid a solid foundation for the continuous growth of the domestic clothing consumption market. At present, my country has become the world's largest producer and consumer of textiles and clothing.

②Demand of home textile industry

As one of the three major textile terminal industries, the home textile industry is a traditional livelihood industry that plays an important role in stimulating domestic demand growth, promoting employment, and building ecological civilization. With the growth of my country's per capita disposable income, the proportion of the middle class in the population structure continues to increase, and new features of focusing on brand and quality, personalization and customization appear in home textile consumption. In addition, as the income of residents in third- and fourth-tier cities increases, the consumption ability of customers increases, and the trend of consumption upgrading accelerates, the market for mid-to-high-end home textiles has broad prospects. According to statistics from the China Home Textiles Association, the size of China's home textile market will grow at a compound annual rate from 2016 to 2021 The rate is 5.64%, and it is expected that the market size will further increase to 310.2 billion yuan in 2022.

③Demand for industrial textiles

With the development of agriculture, automobiles, transportation, aviation, building materials, biomedicine and other related industries, industrial textiles have gradually become a new growth point for my country's textile industry. According to statistics from the China Industrial Textiles Industry Association, in 2021, my country's industrial textiles industry will be impacted by factors such as domestic epidemics, floods, and production and electricity restrictions, especially affected by the high base effect in the same period in 2020. The operating income of enterprises above designated size in the industrial textile industry fell by 13.3% year-on-year, but the two-year average still increased by 13.9%. From January to June 2022, the industrial added value of enterprises above designated size in my country's industrial textile industry showed a steady recovery trend. According to the National Bureau of Statistics, the operating income of enterprises above the industry scale is basically the same as that of the same period in 2021, the total profit decreased by 16.8% year-on-year, and the profit margin was 4.9%, a year-on-year decrease of 0.9 percentage points.