;
Home / Knowledge / News / Textiles / Cotton consumption reflects an unpredictable market trend
Cotton consumption reflects an unpredictable market trend
19
Apr '08
According to the reports provided by American Agriculture Ministry, in the past 6 years, the global quantity of cotton imports went up by 34 percent and credit for this goes to China, Pakistan, Bangladesh and Turkey whose overall consumption for the raw material has enlarged in the period.

Instability of cotton market can be observed from the fact that while in 2005-06 China imported 19.30 million packages of cotton, in the year 2006-07, the country imported only 10.60 million packages.

In the period between 2001-07, import of cotton in 17 countries reached 15.90 million, of which China, Pakistan, Bangladesh and Turkey accounted for 86 percent.

Consumption in these countries has increased mainly due to expansion of their respective textile industry because of growing demand for inexpensive cotton products in the international market.

While cotton consumption for Pakistan increased by 50 percent in the past 6 years, that for Turkey surged by 20 percent in the same period.

China on the other hand produced some 7.60 million tons of cotton in 2007-08 inspite of which it will have to import 3.90 million tons to meet domestic demands.

Already, in the period September 2007- February 2008, the country imported 1.11 million tons of cotton, up by 0.249 million tons than the previous year.

The cotton cloth output in February 2008 was 1.86 billion meters, up by 0.288 billion meters than last year.

Main supply of the finished products made in China goes to America, however, recently, there has been a drop in the export to US as EU offers a better trade prospective.

In the first 2 months this year, export of Chinese textile and clothes to America went down by 7.79 percent than the same period last year, but, exports to EU reached 3.427 billion US dollars, up by 37.1 percent.

This clearly shows that China is successfully changing its potential market from America to EU and other developing countries.

Fibre2fashion News Desk - China


Must ReadView All

India should consider 100% FDI in multi-brand retail: CII

Apparel/Garments | On 17th Dec 2018

India should consider 100% FDI in multi-brand retail: CII

The Indian Government should consider permitting 100 per cent foreign ...

Texhong Textile acquires Winnitex for HK$1350 mn

Textiles | On 17th Dec 2018

Texhong Textile acquires Winnitex for HK$1350 mn

Texhong Textile Group, one of world’s largest core spun yarn...

Courtesy: Donear

Textiles | On 17th Dec 2018

Grado to launch cotton fabrics collection next year

Grado by the house of OCM and GBTL-Grasim, owned by Donear Group,...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli, Epson, For.Tex & F.lli Robustelli

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Shawn Honeycutt, Bolger & O'Hearn

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Rashi Menda, Zapyle

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Manuele Baggini,

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

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

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

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


December 2018

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

news category


Related Categories:

Advanced Search