China’s imports of textiles and garments have been rapidly rising in recent years, and the share of apparels in China’s total imports grew to 16.9 percent, compared to 11 percent share five years ago.
In the first half of this year, China’s textile imports grew by 3 percent year-on-year, while apparel imports grew by 17.5 percent year-on-year.
During the same period, China’s yarn imports increased by 15 percent year-on-year, of which, cotton yarn imports soared by 34 percent, while chemical fibre yarn imports decreased.
Three countries – India, Pakistan and Vietnam – accounted for 65 percent of China’s total cotton yarn imports during January-June 2012 period. Cotton yarn imports from these three countries together grew by 61.8 percent in value and 108.6 percent in volume.
China’s total cotton imports too increased by 130.2 percent year-on-year to 3.055 million tons during the first half of the current year, mainly owing to decline in international cotton prices. The value of Chinese cotton imports for the period soared to US$ 7.2 billion, showing a rise of 79 percent year-on-year.
Chemical fibre imports grew by a moderate 4.9 percent in volume and 5 percent in value during the period under review.
Fibre2fashion News Desk - China