Cotton use share in India decreased

05-Dec-2024 10:13 AM

Cotton use share in India decreased
The cotton industry in India is witnessing a decline in its share of consumption due to several factors. Here are the key points:

Shift to Synthetic and Cellulosic Fibers:
Increasing production and consumption of synthetic and cellulosic fibers have significantly impacted cotton usage.
Despite the Quality Control Order (QCO) restricting imports of synthetic fibers, their domestic use continues to rise.

Rise of Recycled Yarn:
The growing adoption of recycled yarn is reducing the demand for traditional cotton fibers.

Global Trends in Cotton Consumption:
According to the USDA, global cotton consumption for 2024-25 is projected at 115.2 million bales, which is 9 million bales lower than the record levels of the past four years.
Worldwide production of synthetic fibers is steadily increasing, influencing the global cotton market.

Indian Cotton Market:
Cotton prices in India remain stable, ranging from Rs. 53,000 to Rs. 54,500 per candy (356 kg), supported by purchases from the Cotton Corporation of India (CCI).
This trend highlights a shift towards alternative fibers, influenced by changes in production technologies, global consumption patterns, and the increasing focus on sustainability through recycled materials.