China: Cotton Fabric Market 2024

Cotton Fabric Market Size in China

The Chinese cotton fabric market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption, however, saw a relatively flat trend pattern. Cotton fabric consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Cotton Fabric Production in China

In value terms, cotton fabric production dropped slightly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Cotton Fabric Exports

Exports from China

In 2022, approx. X square meters of woven fabrics of cotton were exported from China; which is down by X% against the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, cotton fabric exports reduced slightly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Bangladesh (X square meters), Vietnam (X square meters) and Nigeria (X square meters) were the main destinations of cotton fabric exports from China, with a combined X% share of total exports. Mexico, Indonesia, the Philippines, Cambodia, Togo, Benin, Thailand, South Korea, Colombia and Myanmar lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Vietnam ($X) and Cambodia ($X) constituted the largest markets for cotton fabric exported from China worldwide, together accounting for X% of total exports. Nigeria, Indonesia, Mexico, the Philippines, Thailand, Togo, Benin, Myanmar, Colombia and South Korea lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Myanmar, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cotton fabric export price stood at $X per square meter in 2022, with an increase of X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per square meter in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($X per square meter), while the average price for exports to Togo ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Fabric Imports

Imports into China

Cotton fabric imports into China dropped dramatically to X square meters in 2022, waning by X% on the year before. In general, imports recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports reached the peak of X square meters. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cotton fabric imports shrank sharply to $X in 2022. Overall, imports saw a perceptible reduction. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Pakistan (X square meters), Vietnam (X square meters) and Japan (X square meters) were the main suppliers of cotton fabric imports to China, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cotton fabric suppliers to China were Japan ($X), Pakistan ($X) and Vietnam ($X), together accounting for X% of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cotton fabric import price stood at $X per square meter in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for Pakistan ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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