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San Francisco, CA (PRWEB) November 14, 2012
Over the five years through 2012, the Cotton Fabric and Yarn Manufacturing industry in China has been growing at an annualized rate of 15.1% to an estimated $270.5 billion. The global recession that began in mid-2008 had a major influence on the textile industries in China. Slower growth in foreign demand for apparel and fabrics resulted in lower demand for yarn and cloth in late 2008 and all of 2009. In the years that followed, the economy rebounded and the stimulus package launched by the government led to substantial growth in demand for cotton fabric and yarn products.
There are about 11,855 enterprises operating in this industry in 2012, most of which are small to medium in scale. The top four players, Weiqiao Textile, the Huafang Group, the Demian Group, and Changshan Textille, account for less than 5% combined market share. No single manufacturer dominates the industry although, geographically, the industry is predominantly located in East and South China.
Competition from other developing countries with lower labor costs will be a significant challenge to the Cotton Fabric and Yarn Manufacturing industry in China in the long term. In addition, rising raw material and energy expenses will raise operational costs while increasing competition from cotton and chemical fiber dyers, and ramie, linen and hemp processors will pushes industry product prices down. IBISWorld anticipates that there will be a restructuring of the industry to increase research investments and develop more value-added products.
For more information, visit IBISWorlds Cotton Fabric and Yarn Manufacturing in China industry report page.
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IBISWorld Industry Report Key Topics
The Cotton Fabric and Yarn Manufacturing industry of China is engaged in spinning yarn and weaving cloth using cottons and synthetic fibers. The main products of this industry are cotton yarn, blended yarn, synthetic fiber yarn, cotton cloth, blended interwoven cloth, chemical fiber cloth, yarn-dyed greige cloth, cotton sewing thread and synthetic sewing thread.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nations most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
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