Affected by the COVID-19 epidemic, the global economy has been hit hard. The International Monetary Fund (IMF) predicts that the global economy will contract sharply by 3% in 2020. In this environment, the production and operation of the textile machinery industry is facing huge challenges. Statistics show that the main economic indicators of my country’s textile machinery industry showed a sharp decline in the first quarter, and textile machinery exports and imports also declined to varying degrees.
Overall, textile machinery companies In the first quarter of this year, there was generally insufficient production, and product production and delivery were restricted. However, from the perspective of various sub-sectors, the epidemic has prompted a substantial increase in demand for nonwoven textiles in the field of medical and health protection, driving a substantial increase in orders for chemical fiber machinery and nonwoven machinery-related equipment. At the same time, air-jet vortex spinning equipment in spinning machinery remains popular, and multi-axial warp knitting machines in knitting machinery have benefited from the resumption of infrastructure projects in various places. Demand in the downstream market has increased, and sales have increased year-on-year, becoming a bright spot in the sluggish market. .
Currently, there is considerable uncertainty in global economic development. From a global perspective, the outbreak of the COVID-19 epidemic may accelerate the pace of relocation and structural adjustment of the global textile industry. The adjustment process of the domestic textile machinery market will continue, and the recovery of the international textile machinery market will also be subject to the impact of the global epidemic. In short, except for some subdivided industries, the textile machinery industry as a whole will face an environment of insufficient domestic and foreign market demand in 2020, and the development of enterprises will face challenges.
However, overall, the fundamentals of my country’s long-term economic growth have not changed, and the impact and impact of the epidemic have not changed. It’s staged. In terms of supporting enterprises, stabilizing employment, and expanding domestic demand, various local departments have also successively introduced a series of policies and measures, and the policies are currently being gradually implemented. Under difficult circumstances, industry enterprises must build confidence in development, plan development goals, accumulate strength, and strive to resolve the impact of various adverse factors to prepare for the gradual recovery of the industry.
Spinning machinery: air-jet vortex spinning maintains Popularity
Data overview▼
According to the China Textile Machinery Association According to statistics from key enterprises, in the first quarter, sales of cotton spinning frames decreased by 60% year-on-year, sales of rotor spinning machines decreased by 57.5% year-on-year, and sales of draw frames, roving frames, and combing machines all decreased by more than 50%.
Run Analysis▼
Affected by the sudden epidemic, domestic and foreign market demand for spinning machinery has been sluggish, orders have dropped significantly, and the start of business has been delayed. It can be seen from the statistical data in the first quarter of 2020 that the overall operation of spinning machinery has shown a sharp downward trend, and the sales of various mainframes and special equipment have declined to varying degrees. Among them, the decline rate of carding machines is relatively low, mainly due to the increase in the number of exports and the increase in the import of air-jet vortex spinning equipment, which has driven the demand for pre-spinning equipment. It also shows that domestic demand for air-jet vortex spinning remains hot.
It is expected that the operating environment of the domestic downstream industry will gradually improve in the second quarter, but the spread of overseas epidemics will continue to affect spinning Export of machinery.
Weaving machinery: overall downward pressure is increasing
Data overview ▼
According to statistics from key enterprises of the China Textile Machinery Association, rapier loom sales decreased by 31.8% year-on-year in the first quarter. Sales of water looms decreased by 44% year-on-year, and sales of air-jet looms decreased by 31.7% year-on-year.
Run Analysis▼
From January to March 2020, affected by the Spring Festival holiday and the epidemic, although weaving machinery companies actively overcame factors such as resumption of work and production and economic downward pressure, the downward pressure on sales increased significantly in the first quarter. Since mid-to-late February, with the gradual resumption of work by logistics, raw materials, supporting companies, etc., supply capacity has been steadily restored, the operation of the industrial chain has continued to improve, and the resumption of work and production of weaving machinery companies has been advanced in an orderly manner. Sales orders are in the restoration stage, and most companies are catching up. Pre-holiday orders were mainly placed; starting from mid-to-late March, with the outbreak of foreign epidemics and affected by the foreign trade situation, corporate production slowed down significantly. According to data from the National Bureau of Statistics, the output value and other indicators of cotton textile, filament weaving, home textile and other industries have all dropped significantly. Affected by this, the sales of rapier looms, air-jet looms, and water-jet looms have shown a sharp decline.
In the second quarter, weaving machinery companies should focus on corporate cash flow, expand product adaptability, and pay attention to the impact of uncertain factors such as downstream resumption rates and the international environment.
Knitting machinery: multi-axial warp knitting The situation is improving
Data overview▼
2020 In the first quarter, affected by the epidemic, the overall market operation of the three major categories of knitting machinery – flat knitting machines, circular knitting machines and warp knitting machines – was greatly affected. According to statistics from key enterprises of the China Textile Machinery Association, in the first quarter, sales of flat knitting machines decreased by 68% year-on-year, sales of circular weft machines decreased by 45% year-on-year, and sales of warp knitting machines decreased by 22.2% year-on-year.
Run Analysis▼
The flat knitting machine market experienced a large decline in production and sales in the first quarter. On the one hand, during the severe epidemic period in my country just after the Spring Festival, it was difficult for the overall flat knitting machine industry to resume work and increase production; on the other hand, the ensuing global epidemic outbreak led to a sharp drop in overseas orders. The circular knitting knitting machine industry showed an overall downward trend in the first quarter. Circular knitting knitting companies concentrated on orders before production. The main products�The sales volume of ordinary single- and double-sided circular knitting machines has declined. Relatively niche models such as sweatshirt machines have become more popular in the first quarter. In addition, before the overseas epidemic broke out, overseas markets for circular knitting machines such as Vietnam and India were also affected by the decline in single machine prices. The warp knitting machine industry continued its overall downward trend in the first quarter. Except for multi-axial warp knitting machines, the sales of other segmented models have declined. Affected by the downstream market, the lace machine market continued its sluggish performance in the past three years, with sales and sales volume continuing to decline. Double-needle bed warp knitting machines have benefited from the wide application of its products, and sales have been relatively stable. High value-added double-needle bed warp knitting machines are more popular among users. After two years of rapid development, the high-speed warp knitting machine market has become saturated and production and sales have declined. Multi-axial warp knitting machines have benefited from the resumption of infrastructure projects in various places and the increase in downstream market demand. The situation is improving and sales have increased year-on-year.
It is expected that the operating pressure of the flat knitting machine industry will continue to increase, and the circular knitting knitting machine industry will focus on major domestic trade markets such as Foshan, Guangdong , the warp knitting machine industry will focus more on industrial fields.
Dyeing and finishing machinery: domestic demand and foreign trade orders both fell
Data speed Overview ▼
According to the China Textile Machinery Association, the cumulative sales of rotary screen printing machines in key sampling companies in the first quarter decreased by 53% year-on-year. The sales volume of screen printing machines decreased by 50% year-on-year, the sales volume of digital printing machines decreased by 23.5% year-on-year, the sales volume of dyeing machines decreased by 35.8% year-on-year, and the sales volume of tenter setting machines decreased by 31.4% year-on-year.
Run Analysis▼
In the dyeing and finishing machinery industry, due to reduced orders from user industries and insufficient production, domestic demand and foreign trade orders fell. Most of the orders in the first quarter were accumulated last year and before the domestic epidemic broke out in January. Orders in February fell off a cliff. In addition, due to factors such as delayed delivery and logistics by downstream user companies, equipment companies also face risks such as inventory backlogs and funding shortages. Regarding the future market situation, most companies are not optimistic about the market conditions in the second quarter.
Chemical fiber machinery: orders for some products increased
Data overview▼
According to incomplete statistics from the China Textile Machinery Association, filament spinning machine shipments increased by 53% in the first quarter, and high-speed Shipments of texturing machines fell by 46.2% year-on-year, while complete sets of polyester staple fiber equipment increased slightly compared with the same period last year.
Run Analysis▼
In the first quarter of 2020, polyester and nylon filament spinning machines continued last year’s orders, with shipments increasing year-on-year. Shipments of high-speed texturing machines dropped significantly, and new production capacity of polyester short fiber equipment increased slightly year-on-year. Due to factors such as the Spring Festival holiday and the COVID-19 epidemic, chemical fiber equipment companies are unable to resume work and production normally. At the same time, they also face problems such as restricted transportation and logistics, declining market demand, and financial constraints. In response to the needs of the epidemic and epidemic prevention, some chemical fiber machinery and equipment manufacturing enterprises have adjusted the direction of their products and actively switched to the production of complete sets of melt-blown equipment, medical protective clothing layering machines, fully automatic mask machines, etc., as well as the production and sales of melt-blown dies and spinnerets. The quantity increased significantly.
Nonwoven machinery: anti-epidemic related equipment is selling well
Data quick overview▼
According to incomplete statistics of key enterprises by the China Textile Machinery Association, nonwoven machinery in the first quarter of 2020 Production and sales increased significantly compared with the same period last year. The production and sales of complete sets of equipment such as spunbond, meltblown and spunmelt lamination have increased significantly. The sales of acupuncture thread and spunlace thread were basically the same as the same period last year. In terms of usage, the medical and health protection field is the most important downstream market. The increase in demand and price of meltblown fabrics and spunbond fabrics has driven a substantial increase in orders for related equipment.
Run Analysis▼
In addition to bringing a large number of orders to some related equipment companies, the epidemic has also exposed some deep-seated problems in the industry: key high-end accessories are still heavily dependent on imports, and the level of domestic wide-width melt-blown die heads is compared with similar foreign products. There is still a gap, the supply capacity of high-end melt-blown spinnerets is obviously insufficient, and relevant industry standards urgently need to be formulated and revised.
According to downstream coil finishing equipment companies, spunbond, meltblown, and spunmelt composite production lines will be delivered throughout the year. The volume is expected to grow exponentially, with a conservative estimate that there will be more than 600 production lines with a width of only 1.6 meters or more. After a large number of melt-blown production lines are put into the market, the subsequent service gaps for user companies will gradually become apparent. How to ensure that the industry maintains stable and healthy development after the epidemic situation improves and economic life returns to normal is an important issue that all equipment companies will soon face. </p
