Home / Knowledge / News / Textiles / Vietnam's cotton consumption to slow down
Vietnam's cotton consumption to slow down
04
Apr '15
Despite efforts from the leading Vietnam National Textile and Garment Group (Vinatex) to carry out some cotton farming projects, Vietnam’s cotton production in 2014-15 is forecast less than the previous marketing year, according to the US department of agriculture. The department’s foreign agricultural service in a report said Vietnam’s 2013-14 cotton production is estimated at 1,270 metric tons (mt) or 5.82 thousand bales.

The report also says Vietnam’s cotton consumption growth rate is expected to slow down in the marketing year 2015-2016. The slowdown is likely to be triggered by China’s reduction of yarn imports on the back of incentives offered by the Chinese government to its spinners who purchase more cotton from Chinese reserves.

But cotton imports in 2013-14 have been revised to increase by 32 per cent, reaching 691,400 mt (or 3,171 thousand bales). In 2014, Vietnam imported 757,800 mt of cotton (or 3,476 thousand bales) for a value of $1.45 billion, a year-on-year increase of 30 per cent in quantity and 24 per cent in value. US cotton accounted for 29 per cent of total imports. Cotton imports will continue to rise in Vietnam to feed the increasing market demand in the current marketing year.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

(left to right) Rohit Munjal, Ashok  Shah, Rahul Mehta, Premal Udani, Rajesh Masand and Jayesh  Shah

Textiles | On 28th Jun 2017

CMAI to host 822 exhibitors at 65th National Garment Fair

The Clothing Manufacturers Association of India (CMAI) will host over ...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Giorgio Mantovani
Corman S.p.A

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

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...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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:
July 2017

July 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