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In 2022, the export toughness of Chinese filament weaving industry exceeded market expectations and achieved good results.

According to customs data, from January to October 2022, China's total export volume of chemical fiber filament fabric reached 18.119 billion meters, with a year-on-year growth of 15.65% and 28.42% compared with the same period in 2019. The average export price was $0.95 per meter, up 9% year on year and 6.74% from the same period in 2019. In the future, the development of long silk weaving industry needs to shift from the expansion of capacity scale to technological progress and upgrading, product development and innovation.

Market warming mo impulse

Overall, the bottom of the silk weaving industry may have been completed in 2022, and the market will enter the market repair stage in 2023.

However, in the face of market recovery, China filament weaving Association related experts are not in favor of enterprise investment strategy from defense to offense. Due to fast investment, high efficiency and relatively low entry barriers in the filament weaving industry, production capacity has expanded significantly in recent years, but output growth has slowed down. This also means that the industry is obviously not enough to open the possibility of new capacity can not be effectively released.

Therefore, the production capacity growth of filament weaving industry should be maintained at a reasonable rate, to keep pace with market demand.

Fast expansion is hard to make money

Engaged in the filament silk weaving industry threshold is not high, is the past period of weaving enterprises blowout growth of the main reason. In addition, irrational investment has also caused the emergence of industry difficulties, as long as the market a little recovery, there will soon be enterprises to expand production. The excessive growth of production capacity will lead to pressure on product prices. Business data show that since January 2023, the market price of polyester filament yarn maintained a slight upward trend. Polyester POY rose 4.35 percent, polyester FDY 3.5 percent and polyester DTY 2.92 percent.

Although the price of textile raw materials ushered in a "red start", but the fabric price has not improved. According to the inventory days of sample enterprises monitored by China Jindu network, it can be seen that the inventory days of local weaving enterprises are still in a high running state of 35.5 days.

Innovation is the key

Turn inward and examine yourself when you encounter difficulties in life

In the case of oversupply in the market, if only rely on "cost reduction and efficiency", enterprises are easy to enter the dilemma of cost reduction - price reduction - loss.

Faced with this situation, many companies have shifted their focus from capacity expansion to technological progress and product and innovation. Enterprises should actively focus on product innovation, take the initiative to promote equipment upgrading and technological transformation, and realize the effective improvement of core competitiveness and the overall upgrading and transformation of the industry.

In the future, enterprises should pay attention to develop accurate and clear product positioning and brand positioning when developing new products. Timely extension of the enterprise's internal industry chain construction; Continue to promote the development of high quality interleaved materials; Increase the development of industrial textiles; We will increase research and development of green and low-carbon products.

"Hongyang" brand polypropylene high strength yarn products have small color difference, good color fastness, high strength, and are widely used in decorative belts, safety belts, marking lines, etc.The company's main product:  polypropylene high strength yarn , polypropylene filament, polypropylene air change yarn，polyester air change yarn, ribbon.

Taixing Hongyang New Materials Technology Co., Ltd. has consistently adhered to the "excellent quality, customer first, quality service, adhere to the contract," the purpose, with high-quality products, good reputation, selling the country. Wholeheartedly with the domestic business win-win cooperation and common development!