From January to February 2021, the light industry shows a momentum of recovery and rapid growth
By: Date: 2021-04-01 Categories: industrynews Tags: ,
   January-February 2021, the economic operation of the light industry showed a momentum of recovery and rapid growth, with rapid growth in production, steady recovery of the consumer market, and substantial growth in foreign exports. The investment growth rate has turned from negative to positive, and future development is expected to be good.

   From the perspective of market recovery, as the domestic consumer market continues to pick up, the light industry consumer product market continues to maintain a steady recovery trend. In February, the retail sales of 10 categories of commodities, including household appliances in the light industry, amounted to 1,047.6 billion yuan, a year-on-year increase of 34.3%. Among them, the retail of basic life and consumption upgrades continued to maintain rapid growth. The retail sales of beverages increased by 36.9%, grain, oil and foodstuffs increased by 10.9%; the retail sales of gold, silver, jewelry, cosmetics, and cultural office supplies increased by 98.7%, 40.7%, and 38.3%respectively year-on-year.

   From the perspective of production growth, the added value of the agricultural and sideline food processing industry and the food manufacturing industry both maintained rapid growth, with a year-on-year increase of 22.8%and 28.8%respectively from January to February .

   From the perspective of exports, the export value of 8 key commodities of light industry in January-February was US$67.95 billion, a year-on-year increase of 76.8%, which was higher than the national export growth rate of 16.2 percentage point. Among them, the export of household appliances, plastic products, and furniture continued to grow rapidly, with exports exceeding 10 billion U.S. dollars, with growth rates reaching 93.7%, 82.5%, and 81.7%, respectively.