China is now the second largest jeans market in the world, valued at $12 billion in 2015, while consumers’ affinity for denim jumped from 39 per cent to 63 per cent from 2003 to 2016, according to the Cotton Council International (CCI) and Cotton Incorporated’s 2016 Global Lifestyle Monitor Survey.
Browsing: China
Despite rising labour costs, RMB appreciation and lower demand from export markets, China’s textile and apparel industry are still growing at a healthy pace and looks to dominate the global apparel sector, both as a producer and a consumer for years to come.
Chinese investor Jiangsu Dongqun Investment Holding Group has expressed its intent to invest $100 million in the development of textile industry and textile products (TPT) in Indonesia.
India’s wool exports to the US and Europe on the decline, with the result the wool industry is shifting focus to markets such as Kazakhstan, Germany, China and Australia.
EFI is relocating its Asia-Pacific HQ to a New Shanghai High-Tech Customer Experience Center.
Cotton production in two major countries?China and the US
Cotton production in two major countries?China and the US