India poised to benefit from China’s undersupply of yarn
24/04/2013
Ravindranathan Narayanaswamy, joint director of the Cotton Textiles Export Promotion Council of India, said: “The production of yarn in China is undersupplied compared to demand, and therefore it is a great opportunity for us to enter the Chinese market.”
More than 6,460 buyers from 52 countries attended the event in Shanghai – a 43.5% rise on the year before and evidence of the health of the country’s economy, according to organisers.
Chinese made up the majority of visitors, with Anhui, Beijing, Fujian, Gansu and Guangdong the most heavily represented regions. In terms of overseas visitors, the top five countries were India, Korea, Pakistan, Hong Kong and Russia.
China’s growing economy creates huge demand for textiles at competitive prices and with value-added features. “We see the demand for yarn and fibre tied closely to the health of the domestic economy, so the outlook for this sector remains bright,” commented Wendy Wen, senior general manager of Messe Frankfurt, the organiser of the show.
“The industry is undergoing such robust development that China has become one of the global giants in terms of yarn imports, reflected by the highest number of exhibitors we have ever had hoping to tap into the Chinese market.”
Swiss textiles supplier Inter focuses on a large variety of textile raw materials, including fibre, yarn, and fabrics, and has had commercial relationships in China for the last 15 years. “We are expanding in China. Though the price has fluctuated and there has been a 15% rise in material costs, we are still very optimistic about the opportunities in the Chinese market,” said company spokesman Mr Moris.
Another popular area on the show floor was the Pakistan Zone. Muhammad Abid Mehmood, marketing manager of Hussain Mills, said: “We are showcasing Siro yarn and BCI-standard organic cotton. These products have been popular for the last two to three years, so now we wish to develop something for the Chinese market.”
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