The latest data from the China Light Industry Federation shows that in 2024, light industry enterprises above designated size achieved operating income of 23 trillion yuan, a year-on-year increase of 2.0%. The profit was achieved at 1.5 trillion yuan, an increase of 8.3% year-on-year. In the past year, my country's light industrial production has grown rapidly, the scale of domestic and foreign trade markets has steadily expanded, and the industrial structure has continued to be optimized and upgraded, which has strongly supported the stable growth of the industrial economy.
Production has grown steadily. In 2024, the added value of light industry above a certain scale increased by 5.1% year-on-year. Among the 91 major light industry products counted by the National Bureau of Statistics, the output of 55 products achieved growth. Among them, thanks to the policy of exchanging consumer goods, the production of household washing machines, refrigerators and other products has grown rapidly.
Profits continue to improve. In 2024, the profit margin of light industry's operating income was 6.54%, an increase of 0.38 percentage points from last year, and the profit level continued to improve. Among them, profits in industries such as home appliances, batteries, sewing machinery, etc. maintained double-digit growth.
The market is expanding steadily. With the efforts and effectiveness of a series of policies to expand domestic demand and promote consumption, the vitality of the light industry market has gradually increased. In 2024, the retail sales of 11 categories of light industry commodities were nearly 8 trillion yuan, an increase of 5.0% year-on-year. Among them, home appliances, audio-visual equipment, etc. have maintained a rapid growth trend for four consecutive months.
Exports have increased steadily. In the past year, the scale of exports of light industrial commodities has continued to expand and the structure has been continuously optimized. In 2024, the export volume of the entire industry of light industry increased by 3.6% year-on-year, maintaining a rebound trend for three consecutive months. Among the 21 major industries of light industry, exports in 13 industries increased year-on-year, and foreign trade exports remained resilient.
