Home / Knowledge / News / Textiles / Cotton import likely to drop in this fiscal
Cotton import likely to drop in this fiscal
16
May '08
In the first four months of 2008, China witnessed an increase of 24.4 percent against last year, in its aggregate import and export value, which touched US $791.14 billion.

On the import front experts believe that starting from September 2007 to March 2008, the yarn production of China was registered at 11.85 million tons consuming about 6 million tons of cotton of which 4.67 million tons was domestic cotton while the remaining 1.323 million tons was imported. It is estimated that the import of cotton will go down to 2.60 million tons this year.

In 2006, American cotton accounted for 49.87 percent of the total cotton imports of China while Indian cotton was reported to take 20.94 percent share. However, in 2007, India surpassed the US to emerge as the biggest supplier of cotton to China and even in the first quarter of this year, India is maintaining its lead.

Experts believe that although export situation of Chinese textile and clothes industry was very good, it may not be the same for the next year as RMB appreciation may finally get successful in impacting the sector. Over 50 percent of the manufacturing enterprises are expected to close down soon making matters worse.

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: The White House

Textiles | On 21st May 2018

China, US put trade war on hold

Following weeks of uncertainty over imposition and counter-imposition ...

Equate posts best Q12018 results since inception

Textiles | On 21st May 2018

Equate posts best Q12018 results since inception

Equate Group's first quarter results for 2018 are the best since its...

Over 60% retailers already have IoT platforms: IDC

Apparel/Garments | On 21st May 2018

Over 60% retailers already have IoT platforms: IDC

Retail organisations are adopting IoT platforms and more than 60 per...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mohammad Hassan
Biax Fiberfilm

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search