The market is dominated by domestic suppliers, as imports account for 1.7% of total market size in 2022. B2B drives market demand, with B2B spending representing 99.2% of total demand in 2022. China has the largest market size for spinning of textile fibres; weaving of textiles regionally, with demand reaching USD330 billion in 2022. Shandong Jinmao Textile & Chemicals Group Co Ltd is the largest company in China, generating 1.4% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 4.9% of total production value in 2022. The total number of companies decreases in 2022, to 216,643 units. The costs of the industry decrease by 6.6% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 6.2% of production value in 2022, the 13th highest regionally. The industry’s exports share increases in 2022 to 10.8% of total production output. With production value of USD331 billion, China accounts for 69.2% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Spinning of Textile Fibres; Weaving of Textiles in China: ISIC 1711. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Spinning of Textile Fibres; Weaving of Textiles in China: ISIC 1711 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of cordage, rope, twine and netting, finishing of textiles, made-up textile articles, spinning of textile fibers; weaving of textiles, tanning and dressing of leather, and technical textiles, labels, badges and other textile products.
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