China : Chemical fibre sector leads in world production capacity

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Chemical fibre sector leads in world production capacity

12
May '08

Chemical fiber production capacity of China reached nearly 25.72 million tons and output amounted to almost 23.9 million tons in 2007, exceeding 50 percent of the total capacity and total output of the entire world. China has maintained the status of being the largest producer of chemical fiber in the world.

According to the statistics of China Chemical Fiber Industry Association, per capita consumption of chemical fiber in 2003 was approximately 10 kilograms, which has now risen to nearly 17.8 kilograms in 2007, an increase of 7.8 kilograms. In 2006, per capita labor productivity of chemical fiber industry was almost 67,000 yuan that has grown to nearly 8,33,000 yuan this year.

With the sustained development and improved technical level, domestic chemical fiber products meet domestic needs in quantity and quality and also rapidly explore various international markets.

In 2007 the country had to import merely 1.1 million tons of chemical fibre, a decrease of 13.7 percent from 2006. On the other hand the exports touched 1.543 million tons, witnessing a boost of 47.1 percent, during the same period.

Product differentiation rate of the sector has continuously improved, the industry wide differential rate has reached to 38 percent. Sales income of chemical fiber industry grew by 26 percent and profits increased by 109 percent in 2007.

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