Small enterprises with overcapacity in China's chemical fiber industry encounter the fate of elimination
Chemical fiber, as the most important raw material of China's textile industry, has been developing rapidly since the reform and opening up. The rapid growth has reached 27 consecutive years with an average growth rate of 16.2%. Taking 2005 as an example, the output of chemical fiber was 16.29 million tons, accounting for 42.8% of the world's total output of chemical fiber; the volume of chemical fiber processing was 17.1 million tons, accounting for 65% of the total domestic textile fiber processing; the export of chemical fiber textile and clothing was USD 45.35 billion, accounting for textile 36% of the total foreign exchange earning from the export of the industry, chemical fiber and downstream processing industries are already the main textile earning industries.
However, in the past two years, the operation of the chemical fiber industry has been somewhat unsatisfactory, entering the trough period of the ninth cycle since 1975. The industry situation improved in the first half of 2006. Zheng Zhiyi, chairman of the China Chemical Fiber Association, pointed out that the chemical fiber industry realized a profit of 2.857 billion yuan in the first half of the year, a sharp increase of 51.5% year-on-year, which reversed the decline of 20.6% in the first quarter. The loss of loss-making companies also decreased by 18.71%, and the industry-wide loss was 23.84%. , A year-on-year decrease of 2.95 percentage points. At the same time, he also emphasized that although the market for chemical fiber has improved, it is still recovering, and the contradictions and problems in the operation of the industry have not been fundamentally alleviated, and they are still outstanding.
Since 2005, new characteristics of the supply and demand relationship in the chemical fiber industry have emerged, and the development of the industry has entered a structural adjustment stage. The market demand has undergone a structural change, shifting from quantitative demand to selective demand, that is, the demand for only some areas and some varieties in the industry has continued to grow. Since 2004, the demand for chemical fiber in the downstream textile industry has clearly shifted from cotton textiles to knitting and silk, and it has apparently shifted from apparel to home textiles and industrial demand, with growth rates of more than double digits.
This selective demand growth has played a guiding role in accelerating the adjustment of the product structure of the industry, with the most differentiated varieties of chemical fiber, and the proportion has increased significantly. In 2000, the differential rate of chemical fiber was 22%, and by 2005 it had reached 31%. It has increased by 9 percentage points in five years. The demand for chemical fiber has mainly shifted to home textiles and industrial use, and its growth rate is significantly faster than that in the conventional field.
At present, an obvious trend of China's chemical fiber industry's capacity concentration is to concentrate on the market, especially in Jiangsu and Zhejiang.
At present, the development of China's chemical fiber raw materials is lagging behind, the market gap is very large, and the import dependence of high and medium grade fabrics is large. It is necessary to vigorously develop chemical fiber raw materials and reduce dependence on fabric imports. At present, a considerable part of China's state-owned chemical fiber enterprises have inherent shortcomings such as small scale, high asset-liability ratio, heavy social burden, and inflexible mechanisms. It is necessary to strengthen the merger and reorganization of state-owned enterprises, increase the proportion of private and foreign enterprises, and adopt a "hybrid system ".
Although the overall form of China's chemical fiber industry has improved this year, the chemical fiber industry is still an overcapacity industry. This alone is deadly for small businesses. Any industry with excess capacity will inevitably undergo industry consolidation. Elimination of poor technology, smaller companies are imperative.