Related Keywords: apparel products, cotton consumption, cotton from Chinese reserves, cotton imports, next season, reduced demand for yarn, slow down, strong trade with China, US Department of Agriculture, Vietnam textile and clothing, yarn shipment
Vietnam is ranked amongst the world’s top 5 nations in textile and clothing exports. The exports of textile and apparel products continued to grow in 2014 despite the difficulties in global economy.
But its strong growth of cotton imports is likely to slow next season. The deceleration forecast for next season reflects ideas of reduced demand for yarn by China, where authorities are attempting to boost use of domestic supplies, and erode the huge inventories that the country ran up through a generous guaranteed pricing regime, that was withdrawn last year.
