From January to may 2022, the cumulative output of glass fiber yarn in China (mainland, the same below) increased by 11.2% year-on-year, of which the output in May increased by 6.8% year-on-year, maintaining a relatively moderate growth trend. In addition, the cumulative output of glass fiber reinforced plastic products from January to May increased by 4.3% year-on-year, and the output in May increased by 1.5% year-on-year.
From January to April 2022, the main business income (excluding glass fiber reinforced composite products) of China’s glass fiber and products industry increased by 9.5% year-on-year, and the total profit increased by 22.36% year-on-year. The overall sales profit margin of the industry was 16.27%, with a year-on-year increase of 1.71%.
Thanks to the delayed production of some new and cold repair tank kiln projects, the domestic output of glass fiber yarn maintained a moderate growth momentum from January to May. However, due to the influence of factors such as the COVID-19 and the sluggish supply of the industrial chain in the downstream market, especially the domestic downstream market, the demand is becoming weaker, and the operation of wind power, automobile, electronics, infrastructure and other major market segments fluctuated and slowed down to varying degrees. As of April, although the economic efficiency data of the glass fiber and products industry still maintained growth, the growth rate has fallen sharply. According to the latest survey of the association, at present, most glass fiber yarn production enterprises have seen inventory growth, and product prices have also fallen significantly.
With the improvement of the domestic epidemic, the smooth logistics and transportation, the development of chip and other industries, and the country’s economic stimulus plans in the fields of typhoon power, automobile consumption, infrastructure and so on, the domestic demand market still has great prospects in the future. However, the industry has to overcome the adverse factors such as the continuous rise in the price of raw and fuel materials and the overweight of energy and carbon emission policies. To this end, the whole industry should continue to promote the optimal allocation of resources in the industry as a whole, strictly control the momentum of a new round of rapid expansion of production capacity, avoid ups and downs in market supply and demand, and do a good job in the continuous optimization of production capacity structure and industrial structure. Demand oriented, innovation driven, and unswervingly follow the path of high-quality development.
Post time: Jul-06-2022