Cotton Consumption Is Expected To Decline

Cotton consumption by textile mills globally is expected to decline slightly in 2008-2009, according to the Southern India Mills’ Association. Use of cotton by world mills was expected to decline by one per cent in 2008-2009 to 26.2 million tonnes due to slower global economic growth and higher prices of cotton relative to polyester, the association said in a circular to its members on the global cotton scenario for this season. Global mill consumption increased continuously between 1998-1999 and 2006-2007. But, it was stable in 2007-2008 at 26.6 million tonnes and was projected to come down in 2008-2009, especially in Turkey, the U.S., Brazil, European Union, Mexico, Thailand, Russia, Korea and Taiwan.

The consumption in China, Bangladesh, Indonesia and Vietnam would increase, though slowly. Higher prices of cotton relative to polyester were resulting in a contraction in the market share of cotton in the total fibre use, the association pointed out. Slow pace of world economic growth was affecting the end-use demand for textile products. Economic growth was expected to be slower in industrial and developing countries. Since last year, cotton prices had go up faster than polyester prices and the international cotton prices were likely to go up in 2008-2009, the association said.

Related Posts by Categories

Textiles

• IOPS launches services
• SIMA revives textile park project in Andhra Prades
• SISPA seeks ban on cotton exports
• Handloom exhibition to be held in January
• SIMA to draft code of conduct for women..
• Premier mills fory into luxary bed market
• Textiles Committee reconstituted
• SIMA explores options to meet power demand
• Training on Sulzer weaving machine ..
• New equipment to test Fibre and Yarn !
• Textile sector needs to move up value chain
• SIMA focus on Power !!
• Coimbatore textile institute to be upgraded !
• Seminar at KCT on Textiles
• Yarnex 2009 !
• CCI aksed to setup sale depots !
• Open End Spinning Mills On Strike
• Powerloom Owners Withdraw Strike
• Open End Spinning Mills Association Called An Indefinite Strike
• 2 lakh Powerlooms Idle
• Independenseday Busy
• TexFair 2009 Inaugurated ..
• Revival efforts start paying off, NTC Mills on hiring mode ..
• 3 day international conference (ATNT)
• Roadmap to put Textile Industry on 7-8 percent growth:Maran