Since 2023, China's economy has recovered, market demand has gradually recovered, and production supply has continued to increase. In this context, the chemical fiber industry as a whole in the pressure repair period, has shown a gradual recovery trend, but the industry supply and demand can effectively improve the operation of the industry can stabilize the key to recovery, is expected to experience a longer period of repair cycle.
Basic industry information
What is chemical fiber
The full name of chemical fiber chemical fiber refers to natural or artificial synthetic polymer compounds as raw materials, through the preparation of spinning stock, spinning and post-processing and other processes produced with textile properties of fiber, is widely used in people's clothing, food, housing and transportation aspects. In terms of raw materials, chemical fibers can be divided into man-made fibers and synthetic fibers.
Artificial fiber is made of wood, bamboo, pulp, waste cotton yarn and other natural cellulose materials as raw materials, after polycondensation or polycondensation reaction to synthesize organic polymer compounds, products include viscose staple fiber, viscose filament and acetic acid filament;
Synthetic fiber is a polymer made from petroleum, natural gas and coal through complex chemical reactions. Commonly used products include polyester, nylon, acrylic and spandex.
2. Basic characteristics of chemical fiber industry
Certain region
Chemical fiber industry has a certain regional. From a global point of view, chemical fiber production is mainly distributed in China, Europe, Japan, South Korea and other places. From the domestic point of view, the production of chemical fiber is mainly concentrated in Zhejiang, Jiangsu, Guangdong, Fujian and other places.
Lack of seasonality
Chemical fiber is widely used and involves many fields, and the seasonality is not obvious on the whole. Finally used in industrial, civil and other fields, so the industry's boom cycle and macroeconomic cycle has a certain correlation.
periodicity
The supply of raw materials in the upstream of the chemical fiber industry is affected by the price of crude oil, and the demand of the downstream textile industry is affected by factors such as the macroeconomic situation and changes in consumption levels, and has a certain periodicity.
Third, the upstream and downstream industrial chain of chemical fiber industry
The chemical fiber industry is located in the middle of the chemical industry chain. Its upstream is the petrochemical raw material industry, and its downstream is the textile industry.
Chemical fiber industry is a high-tech fiber manufacturing industry, and the downstream textile industry is very high correlation. Therefore, the development speed and product grade of the textile industry directly determine the development prospects of the chemical fiber market. At present, chemical fiber fabrics are mainly used in the manufacture of clothing, home textiles and other products.
1. Clothing
In recent years, as China's clothing consumption demand continues to shift to the consumption of fashion, culture, brands, and images, the clothing industry is facing the pressure of transformation and upgrading, and the growth rate of industry scale continues to decline. Data show that in 2022, China's clothing production of 23.2 billion pieces, down 3.4% year-on-year.
2. Home textiles
In recent years, with the improvement of people's income level, people's demand for quality of life is getting higher and higher, and home textiles have gradually become an important means for people to improve the quality of life and beautify the home environment from a single necessities. 2016-2022 China's home textile market from 203.6 billion yuan to 310.2 billion yuan.
Fourth, the production process
5. Cost ratio
In 2022, raw materials accounted for the highest proportion in the chemical fiber industry, which was 90.03%, depreciation, energy and labor wages accounted for 3.90%, 3.39% and 0.89% respectively. Compared with the same period last year, the proportion of raw materials increased by 0.84%, and the proportion of depreciation, energy and labor wages decreased by 0.40%, 0.25% and 0.16% respectively.
Industry status and competition pattern
First, chemical fiber industry status
The world chemical fiber industry is mainly concentrated in Europe, the United States, China, Russia and other countries.
In 1972, the world production of chemical fibers exceeded that of other fibers and became the largest variety of fibers, accounting for 85% of the fibers.
At present, China has become the world's largest chemical fiber production country, in 2019, China's chemical fiber production reached 30.48 million tons, accounting for more than 70% of the world's chemical fiber production.
1. Regional distribution
Zhejiang's outstanding production: By provinces and cities, Zhejiang's chemical fiber production in 2022 accounts for 48.65% of the country's total chemical fiber production, ranking first in the country; The production of chemical fiber in Jiangsu accounted for 23.91% of the total production of chemical fiber in China, ranking second in the country. Fujian chemical fiber production accounted for 15.30% of the total chemical fiber production in the country, ranking third in the country.
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