Home / Knowledge / News / Textiles / China to put a strain on global cotton supply

China to put a strain on global cotton supply

19
Apr '08
World demand for imported cotton will jump by as much as 50 percent in the next decade as China's emerging middle class snaps up ever more of the fluffy fiber, Texas Tech University economists predict. Yet India is poised to profit most from this windfall instead of U.S. farmers.

Economists say China is poised for a consumer products revolution, which will put a strain on global supply. The country produces, imports and mills more cotton than any other place on the globe, yet residents use relatively few cotton products - about 4.4 pounds annually - compared to the 35 pounds demanded in highly developed countries like the U.S. That leaves plenty of room for growth inside China's untapped consumer frontier.

Add to that the fact that China already uses most of its arable land and produces a 1.7-bales-per-acre yield comparable to the U.S., and China will have to look elsewhere for its textiles.

Today, China imports 14.4 million bales. In ten years that number is expected to rise to 28.7 million bales. Unfortunately, it's not likely that the United States will fill this production dearth.

Competition from other crops, specifically those related to rising bio-fuel production, will push the U.S. cotton acreage downward at least for a few years while at the same time India can enjoy massive boosts to its yields as it turns to genetically enhanced crops.

"There's no doubt that U.S. cotton area will go down," said Samarendu Mohanty, an agricultural economist and associate director of the institute. "It could go up if prices for these other crops like corn and soybeans drop drastically, but we don't expect that."

The work, led by researchers with Texas Tech's Cotton Economics Research Institute, is described in the recent release of the group's annual world cotton outlook.

The research results are based on the Texas Tech World Fiber Model, a long-term series of baseline projections that are based on assumptions of normal weather patterns and current trade policies, along with stable economic fundamentals such as population and income growth, and prices for crops that would compete with cotton.


Must ReadView All

Pic: Shutterstock

Textiles | On 28th Oct 2020

Ascent to full recovery likely to be long, uncertain: IMF

The ascent to a full economic recovery will likely be long, uneven...

Pic: Shutterstock

Textiles | On 28th Oct 2020

Pak trade bodies demand duty-free cotton yarn export

Pakistan's value-added textile exporters have urged the government to ...

Pic: Shutterstock

Retail | On 28th Oct 2020

C&A avoids over 116,000 metric tons of GHG emissions

During 2019, C&A avoided more than 116,000 metric tons of greenhouse...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Denimsandjeans India 2018

Top executives, Textile industry

Top executives
Textile industry

Sri Lanka has a good sustainable track record and strong stories to back it

Top executives, Textile industry

Top executives
Textile industry

The budget will give major impetus to textile and apparel consumption

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Valter De Carli,

Valter De Carli

Savio Macchine Tessili is at the head of a group that holds a know-how of...

Karen Lou,

Karen Lou

Australia-based Sunseeker has been creating swimwear since 1970. Sunseeker ...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

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

Aneeth Arora, Péro

Aneeth Arora
Péro

The Woolmark Company has partnered with handmade fashion label Péro and...

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


October 2020

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


Advanced Search