Corona hit China cotton export, figure halved in last two years
China, known as the cotton textile king, is constantly lagging behind in terms of cotton exports. According to the USDA report, China's cotton exports have decreased continuously in the last three years. If we look at the figures, in 2019-20, where 0.16 million cotton bales were exported by China, in 2020-21 it came down to only 0.01 million. However, this figure has slightly improved in the current year 2021-22 and now it has reached 0.08 million bales. But, still cotton exports have come down to half as compared to 2019. One of the many reasons for the decrease in exports is also believed that after the Corona period, many countries had stopped doing business from China, especially imports, so there has been a decrease in China export figures.
Increase in domestic use is also a reason
One of the reasons for the decline in cotton exports in China is that the domestic consumption of cotton has increased here. The domestic use of cotton in China was 33 million bales in 2019-20, it increased to 40 million bales in 2020-21 and 39 million bales in 2021-22. On the other hand, if we talk about cotton production, the cotton production in China was 27.25 million bales in the year 2019-20, which increased to 29.5 million in 20-21 and again to 27 million in 2021-22.
