Feedback Here

fbook  tweeter  linkin  google
Global contents also translated in Chinese

China dominates world cotton fabric market with production and exports

"A new report ‘Asia – Woven Fabrics Of Cotton – Market Analysis, Forecast, Size, Trends and Insights’, reveals revenues of the cotton fabric market in Asia increased by a meager 2 per cent to reach $43.9 billion in 2018. Though the overall consumption of cotton fabric in China witnessed a steady decline during 2010 -2019, the country remains the largest cotton fabric consumer in Asia, accounting for 32 per cent of total consumption. China’s consumption exceeds almost twice that of the region’s second-largest consumer, Bangladesh which consumed 869 million sq. mt. of fabric; Turkey emerged third globally with consumption of 819 million sq. mt."

 

China dominates world cotton fabric market with production and exportsA new report ‘Asia – Woven Fabrics Of Cotton – Market Analysis, Forecast, Size, Trends and Insights’, reveals revenues of the cotton fabric market in Asia increased by a meager 2 per cent to reach $43.9 billion in 2018. Though the overall consumption of cotton fabric in China witnessed a steady decline during 2010 -2019, the country remains the largest cotton fabric consumer in Asia, accounting for 32 per cent of total consumption. China’s consumption exceeds almost twice that of the region’s second-largest consumer, Bangladesh which consumed 869 million sq. mt. of fabric; Turkey emerged third globally with consumption of 819 million sq. mt.

In terms of growth in value, China topped the list by selling cotton fabrics worth $13 billion in 2018. On the otherChina dominates world cotton fabric market with production hand, India sold fabrics worth $9.7 billion while Bangladesh sold cotton fabrics worth $4.9 billion. These two countries held a combined 63 per cent share of the total market. The countries with the highest levels of cotton fabric per capita consumption in 2018 included: Turkey (9,988 sq. mt. per 1,000 persons), Bangladesh (5,219 sq. mt. per 1000 persons) and Vietnam (2,483 sq. mt. per 1000 persons).

China remains top cotton producer

Over the period under review, cotton fabric production continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2015 with an increase of 5.9 per cent year-to-year. Cotton fabric production attained its peak level at $59.6 billion in 2008; however, from 2009 to 2018, production failed to regain momentum. In 2018, production of woven cotton fabrics in Asia was 6.2 billion sq. mt, declining -4.2 per cent against the previous year. In value terms, cotton fabric production stood at $46.9 billion in 2018 estimated in export prices.

China remained the largest cotton fabric producing country in Asia, accounting for 50 per cent of total production. It was followed by Turkey with a production of 833 million sq. mt. The third position in this ranking was occupied by India which produced 792 million sq. mt.of cotton fabric.

Exports remain flat

Exports of cotton fabrics indicated a relatively flat trend pattern from 2010-2018. The total exports of woven fabrics of cotton in 2018 totaled 2.2 billion sq. mt, leveling off at the previous year. China was the major exporter with 56 per cent of the total exports. It was distantly followed by Pakistan with exports of 422 million sq. mt, India with exports of 118 million sq. mt. and Turkey with exports 109 million sq. mt. Together, these three countries generated a 29 per cent share of total exports.

Import of cotton woven fabrics in Asia increased 4.9 per cent in 2018 with the region importing approximately 2.1 billion sq. mt. of fabrics against the previous year. The total volume of imports increased at an average annual rate of +2.1 per cent over the period from 2007 to 2018 with the pace of growth being most pronounced in 2017 when imports increased by 42 per cent year-to-year.

Bangladesh was the topmost importer of cotton woven fabrics in Asia, with volume of imports reaching 873 million sq. mt, nearly 42 per cent of the total imports in 2018. Vietnam followed with 12 per cent share of total imports, China, Hong Kong SAR, Indonesia, Cambodia and Turkey made up the list.

 
LATEST TOP NEWS
 
 
MOST POPULAR NEWS