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Local Data: Analysis Of Jiangsu Garment Industry'S Economic Operation In 2021

2022/3/9 12:14:00 0

In 2021, the clothing industry is facing difficulties and challenges such as changeable market situation, constant external interference factors, weak domestic demand, soaring freight and rising raw material prices. With high-quality development as the main line, Jiangsu garment enterprises seek innovation, change and development, dare to open up and struggle hard, actively adapt to market changes, and continue to recover the development trend of the industry, It shows strong development toughness. Under the support of Jiangsu provincial government in implementing and implementing the work of "six stabilities" and "six guarantees", reducing social security, reducing taxes and fees, and with the support of governments at all levels, we will further ensure the recovery and steady growth of regional economy, the continuous recovery of garment production, the gradual improvement of enterprise benefits, and the overall stable and healthy operation of Jiangsu garment industry economy.

I. economic operation of Jiangsu garment industry

(1) clothing production and sales recovered steadily, and the quality and efficiency of the industry gradually improved

In 2021, with the strong promotion of the recovery of domestic and international market demand and the return of overseas orders, the production and sales of Jiangsu garment industry will gradually stabilize.

According to the data of Jiangsu Provincial Bureau of statistics, the main economic indicators are as follows:

1. In 2021, there are 1557 Enterprises above Designated Size in Jiangsu garment industry

2. The operating revenue was 186.3 billion yuan, with a year-on-year increase of 6.45%

3. The operating cost was 161.52 billion yuan, up 6.99% year on year

Figure 1 operating revenue from 2019 to 2021

4. The asset liability ratio was 55%, with a year-on-year increase of 0.8 percentage points

5. The total profit was 7.31 billion yuan, up 9.72% year on year

6. The profit margin of operating revenue was 3.9%, with a year-on-year increase of 0.1 percentage points

Figure 2. Total profit in 2019-2021

7. The profit margin of total assets was 4.4%, with a year-on-year increase of 0.3 percentage points.

8. The value of export delivery was 41.6 billion yuan, up 3.63% year on year.

Figure 3. Export delivery value in 2019-2021

(2) the sales of clothing goods of units above the quota increased steadily

According to the data of Jiangsu Provincial Bureau of Statistics: in 2021, driven by the promotion of consumption policies and other factors, Jiangsu clothing market sales improved significantly, the retail sales of clothing goods above the quota increased steadily, and the role of online consumption in stimulating the domestic demand market continued to highlight. In 2021, the retail sales of clothing above the quota will be 102.21 billion yuan, with a year-on-year increase of 18.8%. According to the data of the National Bureau of statistics, from January to December, the total retail sales of clothing goods of units above Designated Size in China amounted to 997.46 billion yuan, an increase of 14.2% year-on-year. The retail sales of clothing goods of units above Designated Size in Jiangsu accounted for 10.25% of the national total, an increase of 4.6 percentage points higher than that of the whole country.

(3) the scale of investment in fixed assets rose steadily

According to the data of Jiangsu Provincial Bureau of Statistics: in 2021, the amount of fixed assets investment in Jiangsu clothing and apparel industry will increase by 12.8% and 5.3% respectively. According to the data of the National Bureau of statistics, in 2021, the amount of investment in fixed assets of China's clothing industry will increase by 4.1% year-on-year, and Jiangsu's growth will be 8.7 percentage points higher than that of the whole country.

2. The proportion of clothing scale of Jiangsu Province in the whole country

Main economic indicators:

1. In 2021, Jiangsu's business income is 186.3 billion yuan, accounting for 12.57% of the national business income of 1482.33 billion yuan.

2. The clothing output of Jiangsu Province is 2.257 billion pieces, accounting for 9.59% of the national garment output of 23.54 billion pieces;

(1) there were 1.184 billion pieces of woven clothing in Jiangsu, a year-on-year decrease of 1.72%, and 9.4 billion pieces of woven clothing in China, with a year-on-year increase of 4.85%, and Jiangsu accounted for 12.6% of the national total;

In terms of the output of main clothing categories, Jiangsu's down jacket output was 15.35 million, up 1.88% year-on-year, and the national down jacket output was 126.49 million, with a year-on-year increase of 3.51%, and Jiangsu accounted for 12.14% of the country;

Jiangsu's suit production was 27.25 million, up 14.06% year-on-year, while the national suit production was 214.68 million, up 4.57% year-on-year. Jiangsu accounted for 12.69% of the national total;

Jiangsu's shirt output was 77.62 million, up 11.28% year-on-year. The national shirt production was 356.26 million, a year-on-year decrease of 1.57%. Jiangsu accounted for 21.79% of the national total.

(2) Jiangsu's knitwear output was 1.072 billion pieces, up 0.96% year on year. China's knitting apparel output was 14.14 billion pieces, an increase of 10.86% year-on-year, and Jiangsu accounted for 7.59% of the national total.

It can be seen from the above data that Jiangsu's shirts account for the highest proportion of the country, accounting for 21.79%. Jiangsu's suits and down coats account for more than 12% of the country's.

3. Economic data analysis of clothing industry in 13 cities of Jiangsu Province

According to the data of Jiangsu Provincial Bureau of statistics, in 2021:

1. The total revenue and profit of Wuxi clothing industry are 60.5 billion yuan and 2.54 billion yuan, accounting for 32.5% and 34.7% of the province respectively.

2. The total business income of Wuxi, Suzhou and Nantong is 118.7 billion yuan, accounting for 64% of the province.

3. The cities with more than 10 billion operating revenue are Wuxi, Suzhou, Nantong, Changzhou and Nanjing, with 60.52 billion yuan, 38.83 billion yuan, 19.34 billion yuan, 15.15 billion yuan and 13.82 billion yuan, respectively.

4. The cities with double-digit growth in business income are Nanjing, Huai'an and Yangzhou, with growth rates of 24.18%, 23.63% and 15.36% respectively.

5. The operating income of Yancheng, Xuzhou, Nantong and Zhenjiang is negative.

4. Prediction of Jiangsu clothing industry development trend in 2022

In 2022, with the gradual control of the epidemic situation in Southeast Asia, the production capacity will gradually recover, and the phenomenon of overseas orders returning to China is unsustainable. The global clothing industry chain and supply chain layout will accelerate the reconstruction in the industrial recovery.

In the face of complex and changeable development environment at home and abroad, Jiangsu garment industry will continue to deepen the supply side structural reform, promote the transformation and upgrading of Jiangsu clothing industry, further promote the "digital transformation and intelligent leading" of Jiangsu clothing industry chain, and improve the level of intelligent manufacturing and innovative development in accordance with the task direction proposed in the "14th five year plan" development guidance of clothing industry, We should fully demonstrate the resilience and development potential of the industry, integrate into the double cycle, create a new pattern, and promote the stable and healthy economic operation of the clothing industry.