Home / Knowledge / News / Textiles / China's cotton yarn imports may witness sharp rise in 2013
China's cotton yarn imports may witness sharp rise in 2013
26
Mar '13
China’s cotton yarn imports are likely to rise by as much as 30 percent year-on-year in 2013, according to industry analysts.
 
The Government of China has adopted an aggressive policy that ensures adequate returns to cotton growers. As a result, the prices of cotton, as well as cotton yarn, are comparatively higher in Chinese domestic market than the imported products.
 
The Chinese Government regulates import of cotton by enforcing quota tariffs and other restrictions. However, it cannot impose additional duties on import of cotton yarn due to its commitment to the World Trade Organization (WTO) and some bilateral agreements, according to China Textile Industry Association.
 
In view of the existing situation, some Chinese enterprises have shifted their cotton yarn production to low-cost Southeast Asian countries.
 
Other Chinese textile factories have resorted to procurement of cotton yarn from India and Pakistan, which costs around 2,000 yuan/ton lower than the prices prevailing in the domestic market.
 
Cotton yarn imported from India and Pakistan are especially used by textile units that produce low-end products such as towels, T-shirt, jeans, stockings and innerwear. Since many of these units are small factories that face fierce competition, they prefer to use raw materials that are available at lower costs.
 
Hence, Chinese cotton yarn imports are likely to witness a sharp rise of 30 percent year-on-year in 2013.
 

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 26th Jun 2017

US initiates probe into PSF imported from 5 nations

The department of commerce of the US has initiated investigations for ...

Textiles | On 26th Jun 2017

Braskem invests in polypropylene production facility in US

The Board of Directors of Braskem, one of the largest producer of...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kerem Durdag
Biovation II LLC

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sanjukta Dutta
Sanjukta's Studio

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

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:
June 2017

June 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