India cotton production in 2021-22 is expected to fall 1% yoy to 28.34 million bales (up 2% previously) due to insufficient rainfall during the main planting period in July and August.
As of mid-September, rainfall in Gujarat was nearly 30 percent below the long-term average, reducing the area available for planting and affecting yields. Gujarat is the most productive state in India (accounting for about a third of the country annual output).
India cotton production in 2021-22 is expected to fall 1% yoy to 28.34 million bales (up 2% previously) due to insufficient rainfall during the main planting period in July and August, Fitch Solutions said on Tuesday.
In addition, Fitch said recent outbreaks of pink bollworm in Bhatinda and Mansa could also weigh on yields. However, if the weather returns to normal and pink bollworm outbreaks are adequately controlled, production should rebound in 2022-23.
"With the spread of COVID-19, domestic production and consumption of textile raw materials are slowing down."
However, the output of the domestic textile manufacturing industry is likely to increase in the coming years as the government recently announced a five-year Production-linked Incentive (PLI) program to provide additional financial support to domestic textile manufacturers.
At the global level, Fitch raised its 2021 average cotton price forecast to $90.0 / lb (previously $87.0 / lb). The report said the short-term supply outlook had deteriorated,
At the same time, Fitch said global demand would grow strongly in 2021, and subsequently raised its demand forecasts for Bangladesh and Turkey. The recovery in both countries has been better than initially expected.
In the long term, Bangladesh and Vietnam will gain significant market share in cotton consumption as their textile industries expand significantly, According to Goodwill.
"India, Indonesia and Pakistan are likely to benefit from the shift of low-value manufacturing from China, which will increase their share of global apparel exports."
However, the lack of preferential trade access to US and EU markets and rising Labour costs will slow expansion. Fitch said demand in China would continue its downward trend as the Chinese government looks to reduce its garment manufacturing business and move up the value chain.
Refinefabrics has been supplying all kinds of cotton fabrics for over 10 years. High quality, durable and beautiful cotton fabrics from Refine fabrics, the company mainly provides fine cotton fabrics, cotton poplin fabrics, high density cotton fabrics, synthetic cotton fabrics and more. Feel free to send an email to firstname.lastname@example.org to get a quote and we will reply within 48 hours.
The market size of the 65 polyester 35 cotton shirts in the global cotton fabrics industry
With the continuous development of the production technology and process of the 65 polyester 35 cotton shirts in the industrial cotton fabrics industry, the application scope of the 65 polyester 35 cotton shirts is becoming more and more extensive and the market potential is huge. Its development level has become one of the important indicators to measure the comprehensive competitiveness of a country cotton fabrics industry.
Industrial cotton fabrics are defined as "products used in many non-cotton fabrics industries" internationally. Compared with the traditional cotton fabrics industry with labor-intensive and low technology content, the 65 polyester 35 cotton shirts industry has the characteristics and advantages of capital intensive, high technology content and huge market demand space.
In terms of the global market, the global industrial cotton fabrics market including 65 polyester 35 cotton shirts will reach usd 258.33 billion in 2020 and is expected to reach USD 321.65 billion in 2028. In the next few years, the global industrial cotton fabrics industry will still maintain a growing trend.
The market price of the 65 polyester 35 cotton shirts in the global cotton fabrics industry
Developed countries and regions such as the United States and the European Union occupy the leading position in 65 polyester 35 cotton shirts global industrial cotton fabrics market while emerging markets such as China and India show a high growth momentum.
Since the 1990s, due to the consideration of labor, raw materials and other cost factors, manufacturers in Europe and the United States and other developed countries have shifted their focus to product research and development, brand building, channel expansion and other aspects in China, so that the production and manufacturing capacity of 65 polyester 35 cotton shirts has gradually shifted to East Asian countries, especially the middle and low-end products.
The global industrial cotton fabrics 65 polyester 35 cotton shirts production bases are mainly concentrated in the United States, Japan, South Korea and Taiwan, and the European industrial cotton fabrics industry is shifting to Asia and the United States. The Asia-Pacific region accounted for the highest proportion of 40%; North America is next at 25 percent, followed by the Middle East & Africa, Europe and South America.
The market trend of the 65 polyester 35 cotton shirts in the global cotton fabrics industry
Data in 2020 show that China cotton fabrics industry accounts for more than 50% of the world total, chemical fiber output accounts for 70% of the world, and trade accounts for one-third of the world. China has the most complete industrial chain, and most of its 65 polyester 35 cotton shirts process manufacturing and equipment level has reached the international advanced level. China is also the world largest cotton fabrics and apparel market. In 2020, the total retail sales of cotton fabrics and apparel in China exceeded 1,236.7 billion yuan.
COVID-19 has had a huge impact on the overall development of trade and the cotton fabrics industry. Enterprises in various segments have realized that they are heavily dependent on Chinese suppliers. When China was unable to supply 65 polyester 35 cotton shirts in the early stage of the epidemic, for example, the automobile and cotton fabrics industries could not produce normally. About 90 percent of materials imported by the EU, US and Japan come from China, underscoring the country importance in many products and raw material supply chains.
The high-quality global 65 polyester 35 cotton shirts supplier
Refinefabrics.com is a professional one stop cotton fabrics solution for apparel, bedding, clothes, T-shirts and other fashion clothing manufacturers.
Cotton Fabrics for apparel, dress, T-shirts, bedding, curtain making industries and more.
Refinefabrics provides high quality and beautiful cotton fabrics including fine cotton, cotton poplin, high density cotton, and synthetic cotton fabrics with different styles and patterns. Feel free to send an email to email@example.com to get a quote and we will reply within 48 hours.
The China Securities New Energy Vehicle index rose as much as 4.1 percent after a strong rally in lithium-ion shares on the Chinese stock market. Brokerages said lithium enterprises would usher in marginal expectations, and currently, it may be the b…
About Colloidal Gold Nano Gold Solution:Colloidal gold benefits:Nanogold is made by using high purity gold as raw material, through a special new processing technology to make gold particle size of 15nm or less, greatly improve the inherent character…
European Commission President Ursula von der Leyen recently called on India and other countries to support sanctions against Russia over the Ukraine incident. At The Raisina Dialogue forum, von der Leyen said, "We earnestly appeal to all members of t…