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'Global exports of denim fabrics triples' Textile Intelligence

A recent report ‘Global Apparel Markets’ from business information company Textiles Intelligence, reveals world exports of denim fabric with a cotton content of less than 85 per cent tripled over five years to 2014. Consequently, it reached a record high of $1.7 billion. Meanwhile, exports of denim fabric with a cotton content of 85 per cent or more, dipped during the same period, to $2.9 billion. This shift in production of denims with cotton content of less than 85 per cent was due to a surge in prices of raw cotton in 2010 and early 2011. Thus, the share of world denim fabric exports that consisted of fabric with a cotton content of 85 per cent or more, dipped from 83.9 per cent to 62.7 per cent between 2009 and 2014. However, the share of denim fabric exports that consisted of fabric with a cotton content of less than 85 per cent rose from 16.1 per cent to 37.3 per cent.

 

The largest exporter of denim fabric, China, shifted to fabric with a cotton content of less than 85 per cent. This was much greater than the shift towards such fabric globally. Fabric with cotton content of 85 per cent or more consisted of only 35.2 per cent of Chinese denim fabric exports last year. Comparatively, cotton content of less than 85 per cent rose to 64.8 percent.

 

A change in Chinese government policy reduced the domestic price of cotton in China in the second half of 2014. Moreover, the government is set to start selling off a large portion of its stockpile, which would reduce domestic cotton prices further.

Thus, Chinese exports of denim fabric with a cotton content of 85 per cent or more, and even world exports of such fabric may rebound a bit in the coming years provided the price of raw cotton remains low.

 

 

 

 

 

 

 
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