Textile industry scale and current situation analysis!

The textile industry, as one of the traditional manufacturing industries with a long history, occupies a pivotal position in the global economic system. It is not only an important source of necessities for people's livelihood, but also a model of the integration of culture, technology and fashion. With the continuous advancement of globalization and digitalization, the textile industry is experiencing unprecedented change and rebirth.

As one of China's traditional pillar industries, the textile industry has continued to show strong resilience in recent years. According to relevant statistics, the total output value of enterprises above the scale of China's textile industry in 2022 reached 2802.64 billion yuan, an increase of 60.28 billion yuan from 2021, showing the steady expansion of the scale of the industry. With the upgrading of consumption and technological progress, the market demand of the textile industry is growing, and it is expected to maintain a steady growth trend in the next few years. It is predicted that by 2029, the market size of China's textile industry will exceed 3.4 trillion yuan, with an annual compound growth rate of about 4%.

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