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On the afternoon of March 5, 2024, the fifth Council meeting of the eighth session of the China Hemp Textile Industry Association was held in Shanghai, with the theme of "Gathering strength and seeking common development". The council was chaired by Secretary General Li Hongyu, and many representatives of Chinese hemp textile industry from all over the country attended the meeting.

Dong Chunxing, president of China hemp Textile Industry Association, made a work report of the Council at the meeting, which analyzed the current macro environmental situation, the economic operation of the industry, key work and tasks, and problems and challenges faced. The report pointed out that 2023 is a year when the industry is facing huge market pressure, and under various unfavorable factors, the enterprises in the hemp textile industry have overcome various difficulties and achieved better economic benefits, and the overall economic indicators of the industry have reached a higher level.

In 2023, although the hemp textile industry enterprises perform well, they are also facing a lot of problems. In 2023, affected by the significant reduction in the production of flax raw materials in Europe, the supply of raw materials is in short supply, resulting in a substantial rise in prices and a substantial rise in production costs of enterprises, which has caused great confusion and difficulty for the normal production and operation activities of enterprises. Raw materials continue to rise in price, and buyers because of cost control, resulting in a wait-and-see atmosphere, sales difficulty, which has caused great pressure on our two outside the industry. The shortage of flax raw materials has led to the joint development of the hemp and ramie industry, the demand for hemp fiber fibers has also increased sharply, the price has risen sharply, and the ramie industry has also seen a flourishing situation of production and marketing. 2024 hemp textile industry will be an extremely difficult year, the shortage of raw materials will face a more serious situation than 2023, Chairman Dong hopes that enterprises in the industry to face the difficult situation, actively seek countermeasures, find a way out, everyone together, and seek common development of the industry.

At the meeting, Li Hongyu, secretary general of China hemp Textile Industry Association, read out the 2023 financial report of China hemp Textile Industry Association at the meeting.

The conference also held a group discussion, flax, hemp, ramie industry entrepreneurs respectively on the raw material issues of concern to everyone, market issues and product development issues to exchange and explore in response to this year's market changes, to provide some reference inspiration.

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