Strong resilience of China's cotton industry boosts high-quality development of the industry


Release time:

2024-05-17

According to Gao Fang, President of China Cotton Association, in recent years, in the face of difficulties and challenges, China's cotton industry and textile industry have shown strong resilience and rapid response ability of supply chain, and production, consumption and textile export have remained stable. "In 2022, facing unfavorable factors such as rising raw material and energy prices, commodity price shocks, and US dollar interest rate hikes, we seized the opportunity to achieve textile and apparel exports of US $323.35 billion billion for the whole year, a year-on-year increase of 2.5 percent. 」 Gao Fang said.

Strong resilience of China's cotton industry boosts high-quality development of the industry

Xinhua News Agency, Nanning, June 15 (Reporters Yu Qiongyuan and Hou Xuejing) Hou Shunli, deputy director of the Council of the All-China Federation of Supply and Marketing Cooperatives, said on the 15th that with the gradual recovery of market demand, the cotton textile industry has achieved a good start, driving cotton and cotton yarn prices The gradual rebound has laid a good material foundation for promoting the high-quality development of the cotton industry.

Hou Shunli made the above statement at the 2023 China International Cotton Conference co-sponsored by the China Cotton Association and the National Cotton Trading Market and co-organized by the Guangxi Zhuang Autonomous Region Supply and Marketing Cooperative Association.

Cotton is an important agricultural product and textile industrial raw material, which has the characteristics of long industrial chain and wide range. China is a major exporter of cotton production, consumption, trade and textiles and clothing. The cotton industry is directly related to the interests of cotton farmers and the development of the textile industry, and also affects foreign trade and stable employment.

According to Gao Fang, President of China Cotton Association, in recent years, in the face of difficulties and challenges, China's cotton industry and textile industry have shown strong resilience and rapid response ability of supply chain, and production, consumption and textile export have remained stable. "In 2022, facing unfavorable factors such as rising raw material and energy prices, commodity price shocks, and US dollar interest rate hikes, we seized the opportunity to achieve textile and apparel exports of US $323.35 billion billion for the whole year, a year-on-year increase of 2.5 percent. 」 Gao Fang said.

China's cotton crop year is from September 1 of the current year to August 31 of the following year. The China Cotton Association predicts that the national cotton consumption from 2022 to 2023 will be 7.6 million tons, an increase of 4% over the previous year.

The China International Cotton Conference has been held every two years since 1999, and this year is the 13th, which has played a positive role in promoting exchanges and cooperation and industrial development in the global cotton industry. The 2023 China International Cotton Conference was held in Guilin, Guangxi Zhuang Autonomous Region from June 15th to 16th. This conference released the first batch of terminal products listed on the China Cotton Sustainable Development Project (CCSD), from relevant government departments at home and abroad, Nearly 800 representatives of industry organizations, cotton merchants, textile companies and domestic brand merchants attended the meeting.