Cotton Fiber Products Will Be The Main Direction Of Future Development

Correlation prediction analysis shows that by the year 2025, global fiber production and demand will continue to increase. As the world population continues to increase, global fiber consumption will increase by 20 million tons per year by 2025. In China and India, per capita fiber demand will increase faster than those of developed economies such as the European Union, Japan and the United States.

Compared with other agricultural and non-agricultural crops, cotton has been growing for several years. Price Relatively speaking, it is relatively low. In the first 10 years of this century, cotton prices were relatively stable, and a bit too stable, because this smooth did not reflect the rise in international commodity prices. When other commodity prices rose, cotton prices did not rise. The price of cotton has stagnated so that many cotton farmers are turning to other crops. With the rising demand for cotton and insufficient production of cotton, cotton prices have risen sharply.

In the next 25~50 years, the prospects for cotton development are still good because consumers are more inclined to use cotton. Overall, cotton prices will be higher in the next 5 years. From a geographical point of view, the processing and consumption of cotton has changed greatly. Now it is mainly in three countries, China, India and Pakistan. What kind of development and distribution will the cotton industry and downstream industries have in the future?

The American International Cotton Association has done a lot of consumers. investigation 。 In China and India, we have conducted consumer surveys, retail verification and forecast of terminal consumption patterns. Surveys conducted in cities in China and India can help us understand exactly what the market demand is, which will have a great impact on cotton supply and price in the future.

The results show that Chinese consumers are very fond of cotton and cotton products, far more than chemical fiber or other alternative fibers and fabrics. For example, in China, the retail verification results show that 82% of the clothing Cotton, 93%, is mainly cotton. The results of model prediction show that the proportion of cotton in China's clothing reaches 60%, and domestic cotton consumption may exceed that of the United States. The macro prediction model shows that China's fiber consumption growth rate is very strong, and its growth rate will even exceed the growth rate of GDP, which means that China's annual fiber consumption demand will increase by more than 10%, which will greatly promote cotton consumption. China's future demand will be more influenced by consumer choice, and Chinese consumers will tend to cotton more and more.

The global cotton industry is facing fierce competition, and this competition will only grow stronger in the future. The American Cotton Association has launched a strategic thinking campaign called "cotton innovation". It mainly involves supply chain leaders to analyze the factors that will affect the cotton industry in the coming decades. The main purpose of this strategic thinking action is to demonstrate the leadership of the global industry and strengthen the integration of the supply chain. Second, in order to gather information, help the industry to predict the future, and third, the global cotton industry will take more decision-making tools and better competition. We aim to provide more information, more long-term thinking and thinking, and better communication between supply chains. The future of cotton is still optimistic. Despite certain volatility, consumers are willing to pay higher prices for cotton fibers, which means cotton is still competitive in the foreseeable future. We need full value chain participation, we need. keep Strengthen cooperation with China Cotton Textile Industry Association, China Cotton Association and China's cotton enterprises to promote the development of this industry. We will continue to do a lot of promotional activities.

The international cotton association of the United States, through R & D and organised promotion, ensures that the supply chain of cotton is competitive and sustainable, and ensures consumers' preference for cotton through consumer demand enhancement projects to make them more willing. Choice Cotton is working with global partners to promote the future development of cotton.