facebook_pixel

2012 Overview of the Chinese Textile Industry

China Flag

The textile industry in China has continued its slide from last year, largely due to weak demand (leading to higher inventories) and increasing costs of production. The economic slowdown – both in China and globally – combined with volatile cotton prices and higher labor and energy costs have resulted in a drop in exports of garments (0.2%) and textiles (0.7%) through the first nine months of 2012, compared with the same period in 2011.

The value of China’s garment and textile exports value totaled about $23.8 billion in August, which was down 3.4% from the same period in 2011, but up 3.4% from July, according to Jihong at Beijing-based Galaxy Futures in Beijing.

Mills’ cotton stocks increased due to purchases they made from China’s reserve. Yarn and grey fabric inventories were drawn down somewhat by fall and winter orders, but the bump in business is not expected to last long, nor is it expected to be large enough to make a significant impact on the industry overall.

Cotton yarn imports are expected to increase to as much as 1.8 million tons in 2012/13 – up by nearly 500,000 tons from the prior marketing year – and unfortunately, that is expected to decrease domestic cotton consumption by a comparable amount (500,000 tons) next year.

Through August 2012, China imported 1.31 million tons of cotton yarn, 151,600 tons of which came in August alone, making it the highest-volume month of the year. In 2011/12, Chinese textile mills increased the imports volume and diversified the sources of imports, although the vast majority (87%) of imported cotton still came from only six countries: India, the United States, Uzbekistan, Brazil, Australia, and Burkina Faso.

For more information, please contact Galaxy Futures.

Leave a Reply

Uncategorized Stories
Market Analysis

Examining Loan Program and Rate Changes for 2017

October 9, 2017

Dr. Don Shurley provides an analysis of what changes in the marketing assistance loan for 2017 could mean for cotton growers.

News

FMC Completes Acquisition of Cheminova

April 21, 2015

FMC Corporation has completed its $1.8 billion acquisition of Cheminova.

News

NCC Schedules STAX/Farm Bill Webinars

December 12, 2014

As a follow-up to the Stacked Income Protection Plan/Farm Bill workshops conducted over the past month, the National Cotton Council is hosting four regional information webinars on December 17 and 18.

Cotton Production

Terminate Cotton Irrigation at First Cracked Boll

August 26, 2014

Darrin Dodds, Mississippi State Extension cotton specialist, says that when growers see the first cracked boll in their cotton fields, it’s time to terminate their irrigation program.

International

USTER Debuts Total Contamination Control System

June 17, 2014

Uster Technologies is integrating existing USTER applications with systems from the recently-acquired Jossi Systems AG provide a Total Contamination Control system for spinners.

Uncategorized

Chinese Mills Exodus China

January 17, 2014

In an ongoing trend that has Chinese mill operators looking to lower production costs, many are relocating operations to less

Uncategorized

German Textile Manufacturers Display Their Wares in India

December 19, 2013

Germany, one of the world’s top textile machinery-producing countries, added to its already excellent reputation during a recent conference in

Around The Gin
Product News

INTL FCStone Offers Online Tool for OTC Hedging Strategies

October 17, 2017

INTL FCStone Markets, LLC has introduced a new online pricing tool that provides users open access to the firm’s structured products pricing portfolio.

Product News

Americot Team Continues to Grow

October 6, 2017

Americot continues to expand the company’s sales and technical support team, with the addition of six new specialists located throughout the Cotton Belt.

Product News

NemaStrike Technology Ready for Nematode Control in 2018

October 6, 2017

Monsanto adds NemaStrike Technology as a new seed treatment solution to control nematode species across the Cotton Belt.

Product News

Americot Adds Three to Regional Sales Force

September 20, 2017

Americot, Inc. has added three new regional representatives to the company’s sales force.

Product News

Enlist One Herbicide Added to Enlist System

September 13, 2017

Dow AgroSciences adds a straight-goods 2,4-D choline herbicide for additional tank-mix flexibility in Enlist crops.

Product News

Elevore Herbicide Registered for Burndown Use

August 30, 2017

Dow AgroSciences’ Elevore herbicide has received federal registration for use in fall and spring burndown programs for cotton, soybeans and corn.

Product News

Stoneville Legacy Club Honors Charter Members

August 24, 2017

The new Stoneville Legacy Club honored 129 growers who recorded average yields of 1,794 lbs/A or higher on at least 20 acres with Stoneville cotton varieties.

Product News

Improved Bollworm Management Expected in 2018

August 23, 2017

Southeast Texas cotton farmers should have new tools available in 2018 to better manage bollworms and other potentially damaging pests.

Latest News
Market Analysis

Examining Loan Program and Rate Changes for 2017

October 9, 2017

Dr. Don Shurley provides an analysis of what changes in the marketing assistance loan for 2017 could mean for cotton growers.

News

FMC Completes Acquisition of Cheminova

April 21, 2015

FMC Corporation has completed its $1.8 billion acquisition of Cheminova.

News

NCC Schedules STAX/Farm Bill Webinars

December 12, 2014

As a follow-up to the Stacked Income Protection Plan/Farm Bill workshops conducted over the past month, the National Cotton Council is hosting four regional information webinars on December 17 and 18.

Cotton Production

Terminate Cotton Irrigation at First Cracked Boll

August 26, 2014

Darrin Dodds, Mississippi State Extension cotton specialist, says that when growers see the first cracked boll in their cotton fields, it’s time to terminate their irrigation program.

International

USTER Debuts Total Contamination Control System

June 17, 2014

Uster Technologies is integrating existing USTER applications with systems from the recently-acquired Jossi Systems AG provide a Total Contamination Control system for spinners.

Uncategorized

Chinese Mills Exodus China

January 17, 2014

In an ongoing trend that has Chinese mill operators looking to lower production costs, many are relocating operations to less

Uncategorized

German Textile Manufacturers Display Their Wares in India

December 19, 2013

Germany, one of the world’s top textile machinery-producing countries, added to its already excellent reputation during a recent conference in

Uncategorized

Cotton Waste to Be Used as Custom Biodegradable Packaging

December 11, 2013

Proprietary agricultural waste blends provided by U.S. Department of Agriculture (USDA) scientists to industry partners are being used in a new process that literally grows custom packaging products.

Uncategorized

World Yarn and Fabric Production up in Q2 2013

November 6, 2013

According to the International Textile Manufacturers federation (ITMF) State of the Trade Report for Q3, the estimated performance in Q3

Uncategorized

Ingredient Branding Gains Traction in Textile Marketing

November 6, 2013

Ingredient branding – the term for identifying individual components in the final, finished product – is becoming a potent marketing

Uncategorized

Technical Textiles See Slow, Steady Growth

October 30, 2013

While it still hasn’t returned to its high point in 2008, the worldwide technical textiles market continues to show slow

Uncategorized

India Needs Additional Raw Material to Boost Technical Textiles

October 14, 2013

During his address at the recent Techtextil Symposium in Mumbai on October 4, Giuseppe Gherzi stated that India is limited

Uncategorized

Popular Fibre Session Highlights Opening Day of ITMF Conference

September 17, 2013

The Fibre Session is one of the most eagerly awaited highlights of each year’s conference of the International Textile Manufacturers

Uncategorized

Uzbekistan, Bangladesh Reach Bilateral Agreement

August 5, 2013

At first glance, the recently announced agreement between Uzbekistan and Bangladesh doesn’t seem strange at all. The agreement itself is

Uncategorized

ICAC: Colombian Cotton Market In Decline

July 31, 2013

Cotton cultivation in Colombia has deteriorated due to decreasing demand from both the domestic and global textile industry as well