2024 textile industry to achieve a smooth end!

The overall production and sales of the industry are flourishing, and profits have achieved continuous growth. In 2024, the industrial added value of textile enterprises above designated size increased by 4.4% year-on-year, and the operating income was 4,953.21 billion yuan, an increase of 4.0% year-on-year; The total profit was 193.88 billion yuan, up 7.5% year-on-year. The output of yarn, cloth, clothing and chemical fiber of textile enterprises above designated size increased by 1.3%, 2.2%, 4.2% and 9.7% respectively.

Market sales grew steadily, and online consumption remained active. In 2024, the total retail sales of consumer goods by units above designated size in China will reach 19,2553 billion yuan, an increase of 2.7 percent year-on-year. Among them, the retail sales of clothing, shoes and hats, and textile products by units above designated size will increase by 0.3 percent year-on-year, and the online retail sales of physical goods will increase by 1.5 percent year-on-year.

Foreign trade was stable on the whole, and exports increased rapidly year-on-year in the month. In 2024, China's textile and apparel exports totaled 301.1 billion US dollars, an increase of 2.8%. In December, the global export of textiles and clothing was 28.07 billion US dollars, an increase of 11.4%.