+917718880355

news

Turkey coming out as top importer of US cotton

YarnsandFibers News Bureau 2014-01-07 00:00:00 – UK

Turkey coming out as top importer of US cotton, as Turkey’s interest in exported cotton has increased due to a revival of its textile industry, which is increasing due to sales to Europe, as well as the fact the country is expected to grow fewer bales this year due to lower plantings. Also as Chinese buyers have lowered their import of raw cotton for lower-taxed yarn.

Turkey emerges as the number one customer for raw cotton exported from the United States, overtaking China.

Since August, the start of the 2013/4 crop marketing season, Turkey has bought 83,400 bales of cotton from the US, which is double the amount of China. Overall in 2013, Turkey bought 1.72 million 480-lb bales of cotton, a 40 percent increase from the same period last year.

While China only bought 1.42 million bales in 2013, down more than 60 percent from what they bought in 2012.

Other buyers of US cotton in 2013 include Mexico, Vietnam and Thailand.

Turkey is fast becoming recognized as a fashion center and top clothing supplier. The country has over 35,000 textile and clothing companies and is the fourth largest supplier of clothing in the world and ranks among the top ten exporter in the textile industry.

0 0 vote
Article Rating
0 Comments
Inline Feedbacks
View all comments

Market Intelligence

Ask for free sample Report


why us?
21 yrs

experience

Fortune 500

Customer Base

100%

dedicated team

55+

Countries Served Worldwide


newsletter

Register below to receive our newsletters with latest industry trends and news!

WeCreativez WhatsApp Support
Our support team is here to answer your questions via WhatsApp. Ask us anything!
? Hello