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Thursday, 08 April 2021 14:07

Robust growth expected in China’s cotton imports from Jan-Aug 2021

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Increasing orders from domestic clothing manufacturers is likely to boost China’s cotton imports to monthly average of $601.05 million during January-August 2021. As per reports, China imported $3,567.23 million worth cotton in 2019. Despite the pandemic, its cotton imports maintained their level at $3,562.38 million. Despite fluctuating in range of $150 million to $250 million between April-August 2020, they recovered in the following months

China’s cotton imports in December 2020 grew by 89.33 per cent month-on-month. The US recently banned all products containing cotton produced in Xinjiang over human rights issues. Hence, manufacturers started replacing Xinjiang cotton with imported cotton fiber. If Chinese manufacturers use local cotton to fulfill orders from western countries, they are likely to face quality issues and order cancellations.