Germany: Cotton Production In China Is Likely To Reach 7 Million 800 Thousand Tons In 2010/11.
Almost 100 million
Cotton grower
The income and source of income are closely related to the upstream cotton textile industry.
and
Spin
The related industry provides more than 20 million jobs for the people, and the industrial chain related to cotton plays an important role in the national economy.
As cotton textile is an upstream industry in the textile industry chain, its technological development determines the quality of value-added clothing and finished products.
Cotton fiber processing accounts for 50% of China's total fiber processing capacity, and is the largest branch industry in the textile industry.
Even in the bleak years of the financial crisis in 2009, the total output value of the cotton textile industry still exceeded 1 trillion yuan, an increase of 7.9%.
Based on the average annual growth rate of more than 20% in the past 10 years, the growth rate of cotton textile industry in the next few years is expected to be 15-20%.
along with
global economy
Revival, China's textile industry has also returned to life.
In the first 4 months of 2010, sales value, export value and demand for cotton yarn increased significantly.
However, the shortage of raw materials has led to soaring cotton yarn prices, which has exceeded the peak before the outbreak of the financial crisis in 2008.
The demand for cotton yarn in China is likely to increase rapidly in the next two years, reaching 2370-2560 tons in 2012, an increase of 5 million tons compared with 18 million 670 thousand tons in 2009.
In terms of supply of raw materials for cotton yarn, cotton production in China may reach 7 million 800 thousand tons in 2010/11, slightly higher than 2009/10's 7 million 600 thousand tons, because cotton prices fluctuate, cotton to grain price ratio is unfavorable, farmers are encouraged to grow cotton, and natural disasters are also occurring.
If the yield of cotton is not as good as that of other crops, farmers will not expand cotton production in the next two years, and the output of cotton will only be maintained at around 8 million tons, even if the price is higher.
China's cotton consumption exceeds 10 million tons and will mainly depend on imports.
China's annual cotton imports will remain at about 3 million tons.
Imported cotton yarn may reach about 1 million 500 thousand tons.
China's spinning industry is developing towards clustering.
These groups are concentrated in Shandong, Jiangsu, Zhejiang and Guangdong. These clusters have their own advantages and show great competitive advantages in the future.
Backward capacity will be eliminated, which will create strategic opportunities for large enterprises to expand market space and strengthen their own construction.
Differentiation and special products will be the focus of future investment in the textile industry.
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