Home / Knowledge / News / Textiles / Cotton mill use shifting from China to other countries
Cotton mill use shifting from China to other countries
02
Nov '12
According to International Cotton Advisory Committee’s (ICAC) general outlook for cotton supply and use for 2012/13 is bleak: global cotton production and mill use are forecast at 25.9 million tons and 23.4 million tons respectively, resulting in an oversupply of 2.4 million tons.

Despite the sharp fall in cotton prices in 2011/12, global production is projected down by only 5% this season.

Cotton plantings did not drop much due to above-average prices at planting time, government policies and favorable weather in some major producing countries. Global cotton mill use could increase by 3% in 2012/13, boosted by lower cotton prices. However, global economic growth is expected to remain slow, affecting retail purchases of textile products. Global cotton mill use is also influenced by the weakening spinning sector in China. The high local cotton prices relative to the rest of the world have hurt the profitability of Chinese spinning mills.

A geographical shift in cotton mill use from China to other Asian countries is currently underway, but estimating its actual extent will take time due to the lag in publication of cotton consumption figures and difficulties in obtaining these data for some countries. Cotton yarn imports by China have increased significantly since the beginning of 2012.

The Secretariat currently estimates that cotton mill use will increase in 2012/13 in India, Pakistan, Bangladesh, Uzbekistan, Indonesia, Vietnam and Thailand amongst others.

After an unexpected jump in 2011/12, global cotton trade is expected to fall by 21% to 7.7 million tons this season due to lower Chinese demand. However, imports by the rest of the world could rebound by 18%.

Exports from most large exporting countries will decline, in particular in India due to increased domestic consumption.

Global stocks are expected to reach a record of 16.4 million tons in 2012/13, up by 17% from last season. In contrast to last season, most of the increase will take place outside of China.

International Cotton Advisory Committee (ICAC)

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search