In 2022, the economic operation of China's textile industry is under pressure and is progressing slowly. Recently, China has been affected by various pressures such as geopolitical factors, domestic epidemics, rising logistics and transportation costs, and rising raw material prices, which have hindered the development of the industry. According to calculations, the comprehensive prosperity index of China's textile industry in the first quarter of 2022 fell into a cooling range, only 42.6, a decrease of 19.7 points from the fourth quarter of last year.
From the perspective of order demand, China has implemented measures to prevent the spread of the epidemic during the epidemic period. Taking Zhejiang and Guangdong as examples, many textile factories have temporarily suspended market closures, resulting in a slowdown in market sales. From the consumer side, people's willingness to consume has also decreased due to the impact of the epidemic. According to data from the National Bureau of Statistics, in the first quarter of 2022, the expenditure on clothing among Chinese residents was only 7.1%. According to calculations, the new order index of China's textile industry is 37.8.