Emerging countries' textile industry rises Australian cotton export direction changes
In February 2018, the export volume of Australian cotton was 5,757 tons, a year-on-year decrease of 21.96%. It was mainly exported to Japan, India, Bangladesh and Vietnam. Among them, exports to Japan, India and Vietnam increased significantly, being 11.71% and 67.69% respectively. 286.79%.
In 2017/18, Australian cotton exports totaled 422,000 tons, a year-on-year increase of 13.73%, and were mainly exported to Vietnam, Bangladesh, Thailand, India and Japan with export volumes of 95,000 tons, 82,700 tons, 21,600 tons and 15,400,000 respectively. Tons, 8562 tons. Among them, exports to Bangladesh and Vietnam soared by 843 percent and 289 percent respectively year-on-year, while exports to India, Thailand, and Japan all decreased significantly.
From 2012 to 2017, Australia’s cotton export volume remained stable at 1.2 million tons or less, of which a significant reduction in cotton production in 2015 caused the export volume to drop to a new low of 446,000 tons in recent years and to 873,000 tons in 2017. As can be seen from the chart below, Australia’s cotton exports to China showed a straight downward trend from 2012 to 2017. According to statistics, Australia's cotton exports to China in 2012 were 821,800 tons, which fell to 135,500 tons in 2017, a cumulative decrease of 83.5%. Australian Cotton’s share of China’s cotton exports was surpassed by Vietnam and Bangladesh.
With the rise of the textile industry in Vietnam and Bangladesh, the import demand for Australian cotton by Bangladesh and Vietnam has continued to increase since 2015. From 2015 to 2017, Australia’s cotton exports to Bangladesh and Vietnam increased by 1360.88% and 218.39%.