[Vietnam cotton yarn production was three times the growth in four years]
Release date:[2016/2/23]
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Since the increase in exports of cotton yarn in mainland China, Vietnam, cotton spinning three times over the past four years to grow, forecast 2015/2016 the country's total textile mill with a capacity of 5.1 million packages.
According to the US Department of Agriculture USDA today (2016) Report of cotton in January, 2015/2016, the total global demand for cotton growing, Vietnam namely half. Net exports of yarn 2011 / 2012-2015 / 2016 to more than 40% annual rate growth.
Mainland China is still Vietnam's largest export market, yarn, over the past few years, its market share continues to amplify the current 80% of total exports to 90%. The report notes that this growth with mainland Chinese investment in Vietnam sharply spinning and wholesalers about the migration of the site. The main driving force of this trend is mainland China's domestic cotton policy, the domestic cotton price increase for many spinning mills to earn profit.
The report shows that the use of cotton yarn consumption in Vietnam has tremendous growth since 2011/2012, growing more than doubled. Therefore, more and more yarn exports to China, Vietnam role in the textile value chain more improved.
As for the 2015/2016, the USDA lowered its estimate of global production, most of the plateau due to the changes in Pakistan, India and mainland China; there was only slightly lower consumption forecast. Raised about 70 million bales on trade, production and use of the United States are slightly lower, but ending stocks are raised.
About major exporter, is expected to import requirements from Pakistan will be higher, so India's trade has raised 500,000 bales to 5.8 million; and Australia is the end of the quarter due to higher volume and by 15 million bales to 3.75 million . Due to strong demand for cotton in West Africa, the West African country Mali was also up 10 million bales to 1.2 million, due to Brazil have more recently been sold by 10 million bales to 4.3 million.
At the same time, due to less crop, Turkmenistan trade volume reduced by 10 million bales to 1 million; imports of Pakistan because the crop needs less and later the strong demand, and increased by 70 million bales to 2.7 million.
According to the US Department of Agriculture USDA today (2016) Report of cotton in January, 2015/2016, the total global demand for cotton growing, Vietnam namely half. Net exports of yarn 2011 / 2012-2015 / 2016 to more than 40% annual rate growth.
Mainland China is still Vietnam's largest export market, yarn, over the past few years, its market share continues to amplify the current 80% of total exports to 90%. The report notes that this growth with mainland Chinese investment in Vietnam sharply spinning and wholesalers about the migration of the site. The main driving force of this trend is mainland China's domestic cotton policy, the domestic cotton price increase for many spinning mills to earn profit.
The report shows that the use of cotton yarn consumption in Vietnam has tremendous growth since 2011/2012, growing more than doubled. Therefore, more and more yarn exports to China, Vietnam role in the textile value chain more improved.
As for the 2015/2016, the USDA lowered its estimate of global production, most of the plateau due to the changes in Pakistan, India and mainland China; there was only slightly lower consumption forecast. Raised about 70 million bales on trade, production and use of the United States are slightly lower, but ending stocks are raised.
About major exporter, is expected to import requirements from Pakistan will be higher, so India's trade has raised 500,000 bales to 5.8 million; and Australia is the end of the quarter due to higher volume and by 15 million bales to 3.75 million . Due to strong demand for cotton in West Africa, the West African country Mali was also up 10 million bales to 1.2 million, due to Brazil have more recently been sold by 10 million bales to 4.3 million.
At the same time, due to less crop, Turkmenistan trade volume reduced by 10 million bales to 1 million; imports of Pakistan because the crop needs less and later the strong demand, and increased by 70 million bales to 2.7 million.