Trend of China cotton industry economic 2011/12
Source: CTEI Date: 2011-08-04
Forecasted by CAAC, Cotton Consumption of china will decline from high lever, The planting areas of cotton will extend moderately, the imports of cotton will go stable or reduce, and the price will keep going down from a high lever. Whole china cotton industry will face a more severe and complex situations which may be bad than the days during the financial crisis in 2008, some of small cotton spinning companies may be stop production or close down in 2011/12.
But output of cotton yarn keeps increase in H1 2011,exports value of textile and apparel go up 25.7% y/y. the price of exports go up 21.49%y/y,and the amount of exports only increase 3.88%.but retails of apparel keep increase with a high speed of 23.5% in H1.the import of cotton and cotton yarn reduce 14.2% y/y, which is big declining.
