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World Textile Industry - Trends, Technology, and Forecast

The global textile industry is worth an estimated $1.3 trillion USD and employs over 60 million people around the world. The industry is forecast to grow at a rate of 3-4% per year over the next few years.

Cotton Prices to Pick Up 5% in 2022 on Rising Demand and Limited Crops in India and U.S.

In 2022, cotton prices are expected to gain 5% y/y, as last year's ending stocks are rapidly reduced amid strong global demand outpacing available supply. Last year, the average cotton price soared by 41% y/y to $2.23 per kg.

Cotton Prices Jump After U.S. Cut Exports Twofold

Cotton prices jumped by +13% to $2.59 per kg in October 2021, according to World Bank's data. Global supply shows a sign of reduction, as American cotton exports dropped twofold from September to October. Droughts have wiped out a significant part of cotton crops across the U.S., especially in Texas. The U.S. remains the world's leading supplier, accounting for 41% of global cotton lint exports. China, Vietnam, and Pakistan represent key importers of cotton lint from America.

Cotton Prices to Rise Due to the Textile Industry’s Demand Booming Over the Supply

After stagnating during the pandemic, the textile industry has begun to strongly recover and the demand for cotton has risen. It is expected that cotton consumption in 2021 will grow faster than the supply. This will lead to a reduction in global cotton stocks and higher prices. The issues of sustainability and ethical background become increasingly important in the transformation of cotton supply chains.

Environmental Issues Affect The Rapidly Developing Pesticide Market

The global pesticide market is expanding steadily, but the use of modern pesticides that are safe for vertebrates, are now harming pollinating insects. As areas under cultivation continue to increase worldwide, thereby enhancing the potential further use of pesticides, the market may yet encounter environmental constraints in the future.

Global Cotton Yarn Market Slipped Back Slightly to $77B

After two years of growth, the global cotton yarn market decreased by -2.8% to $77.2B in 2019. China ($38.9B) led the market, alone. The second position in the ranking was occupied by India ($12.8B). It was followed by Pakistan.

EU Cotton Bed Linen Market - Italy, Portugal, and Germany Account for 70% of Total Production

The countries with the highest volumes of bed linen of cotton production in 2018 were Italy (27K tonnes), Portugal (25K tonnes) and Germany (13K tonnes).

Global Cotton-Seed Oil Market - Production Rose 2.7% to Reach 5.7M tonnes in 2018

The total output volume increased at an average annual rate of +1.0% over the period from 2007 to 2018.

Wood Kitchenware and Tableware Market in the EU - A Ban on Single-Use Plastics Drives Demand for Wooden Products

The European Parliament has voted to ban single-use plastics, giving way to increasing demand for wooden cutlery.

Asia's Cotton Fabric Market - China Still Dominates Exports, Despite a Raging Trade War

In 2018, China (1.2B square meters) was the major exporter of woven fabrics of cotton, making up 56% of total exports.

Webinar: Global Cotton Yarn Market - Statistics, Trends, and Outlook

Thursday, April 8th, 2021 @ 04:00 pm ET

Join our live webinar to get insights into the global cotton yarn market.

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