The cotton consumption expected to increase in India textile industry India is the world's second largest cotton consumer.
2014.10.08 15:24Data shows, in June of the India's textile industry continues to expand, which will be the high record for India 's textile products this year , so as to enhance the demand for cotton from Indian cotton processing factory in year 2014/15 .
India Central Bureau of statistics released data show, the increase the yield of the India's textile products in June is the twenty-ninth consecutive months, increased by 1.1% compared to the same period of last year. Although India textile products year-on-year growth rate is small, but in June, India textile product output has risen to record high over the same period output. This means that this year's India textile products will be a record.
The first half of this year, India textile product output increased by 4.6% year-on-year, according to the projections of the growth rate this year, India textile products output will be increased for the sixth consecutive year. Analysts expect even in the second half of this year, output of textile products in India is reduced by 4.4% compared with the first half of year, annual production will still be higher than last year. Analysts expect the next marketing year, the demand for cotton in India cotton plant material increased to record highs and the growth rate higher than the previously expected.
Although India this year veil exports began to stagnation, but cotton prices fall and comparative advantage to a synthetic fiber increase. India is expected the annual cotton consumption demand accounted for 22% of the global demand in year 2014/15l, whish is a high record, which will promote the emerging markets in the global market of cotton consumption in the proportion increased.