Yarn Expo exhibitors expect Chinese yarn market to perk up
China’s cotton yarn market, one of the biggest in the world, has been relatively quiet since the country ended its cotton stockpiling policy last year.
However, exhibitors at the Yarn Expo Spring show in 2015 had said they have seen signs indicating the market is starting to pick up.
KL Palaniappan, president of Loyal Textile Mills Ltd in India had said, “I can see Chinese customers are ready for more imports now, and we are confident we can increase our export volume to China by 30-40 per cent.”
Sharing the same optimistic view was Anupam Agrawal, spun yarn business director at PT Indo-Rama Synthetics Tbk in Indonesia.
Agrawal had stated, “I think demand for yarn products in China is still large and the market has already bottomed out. I think the general sentiment will get better in the last quarter of this year.”
Yarn Expo Autumn 2015 take places for the first time at a bigger venue that is closer to China’s textile manufacturing hubs from October 13–15, 2015 in the National Exhibition and Convention Center (Shanghai).
“The three-day event will be held in hall 4.1 of the Centre where the successful Spring edition was held earlier in March this year,” a press release from the organiser Messe Frankfurt said.
“This new venue is closer to the country’s textile manufacturing hubs and it’s easier for buyers to conduct factory visits after the show,” said Wendy Wen, senior general manager of Messe Frankfurt (HK) Ltd.
She also added by saying that relocating the autumn show to the new venue will also help to bring more trade visitors to the fair.
Over 7,000 trade visitors from 62 countries and regions attended the last autumn show, representing an increase of 18 per cent year over year.
“If not for this fair, we would not be able to meet so many customers, especially those from overseas,” said Sara Wang, from repeat exhibitor Shanghai Lansheng Daewoo Corp, at last year’s fair.
Attracted by the busy visitor flow at the 2014 fair, the Indian Pavilion, co-organised by the Cotton Textiles Export Promotion Council (TEXPROCIL), has confirmed to return once again this year.
“This fair is important for us as we can make business contacts with not only Chinese customers, but also those from outside of China,” said Ravindranathan Narayanasamy, joint director at TEXPROCIL.
He also added that around 30 per cent of the total visitors that came to the Indian pavilion were from overseas, and 70 per cent were from Mainland China.
Other than a more diversified customer base, an enhancement in buyer quality is also what encouraged the Indian Pavilion to return this year.
“We saw more Chinese end users and manufacturers coming to the fair this year, showing an improvement in the visitor quality,” Narayanasamy noted.
“And based on the results from the past several editions, 30 per cent of visitors that came to our booths actually placed an order with the suppliers after the fair,” he observed. (AR)
Fibre2fashion News Desk - India