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China dominates world cotton fabric market with production and exports
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China dominates world cotton fabric market with production and exports

Views:0     Author:Site Editor     Publish Time: 2019-09-24      Origin:Site

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.

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).

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