Home / Knowledge / News / Textiles / Cotton imports maintain upward trend in July
Cotton imports maintain upward trend in July
22
Aug '08
According to Customs Statistics, total cotton imports via Guangdong ports reached 67,000 tons from January to July this year, showcasing a year-on-year decline of 4.8 percent. The average import price was almost US $1,653, witnessing an increase of 21.7 percent from the same time of 2007.

However, imports touched 17,000 tons in month of July, a substantial growth of 48.6 percent, the highest import volume for a single month in 2008 and first rebound after the upheavals experienced by the sector in first half of this year.

Average import price continued the upward trend in the first seven months of 2008. The average price of cotton imports via Guangdong ports held an increase of about 20 percent from January to July.

However, the average price of imports indicated a rising trend afterwards, the price of June imports was around $1,708 per ton, highest in 2008, July average was approximately $1,669 per ton.

The imports from two major suppliers US and India decreased to some degree, whereas imports from Mexico observed a rapid growth and reached 3,486 tons, boosting 4.1 times when compared to first seven months of 2007.

In these seven months, cotton imports from the United States were 33,000 tons and from India 14,000 tons via Guangdong ports, observing a drop of 5 and 5.5 percent, respectively. The two nations together accounted for 69.9 percent of Guangdong's total cotton imports.

In first seven months of 2008, cotton imports of foreign investment enterprises via Guangdong ports were 36,000 tons, up 2.3 percent from the same time last year and that of state-owned companies were 19,000 tons, a hike of 6 percent. In addition, cotton imports by collective factories were 3,637 tons, down 39.1 percent.

Fibre2fashion News desk - China

Must ReadView All

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Textiles | On 8th Dec 2016

R&D is key to textile industry’s growth: Kavita Gupta

Research and development is the key to the growth of the textiles...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search