Home / Knowledge / News / Textiles / Chinese textile bandwagon to fuel yarn exports
Chinese textile bandwagon to fuel yarn exports
23
Feb '10
Pakistani yarn exports will keep rising as China is reducing its yarn production due to high costs. As per textile experts, yarn exports will see further increase in coming years.

Traditionally, as a country's per capita income grows above $2,000, those countries seek cheaper cotton yarn sources, since labour cost affects the production of low value-added products. China's per capita income is already above $3,000 and is the largest yarn producer and consumer in the world.

With more than 100 million spindles, China's yarn production is over two fold than that of India, which occupies second place in the list of largest yarn producers. This year, China has stopped operating 12 million spindles, which is equivalent to the total number of spindles installed in Pakistan. Out of these 12 million in Pakistan, only 10.5 million are working.

Apart from reducing the number of operational spindles, Chinese government has decided to prefer sowing food grains against cotton. So, the country is turning area under cotton into food grains and is becoming world's largest cotton importer.

Following the increase in yarn exports, this year, clothing industry of Pakistan had to pay international price for cotton yarn, on account of which the government imposed quota on yarn exports. However, the prices of yarn witnessed further rise as the spinners reduced production instead of selling it at low prices.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

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

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Ashok Desai
Bombay Textile Research Association

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mark Paterson
Technical Absorbents Ltd

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Judy Frater
Somaiya Kala Vidya

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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