Revenue from the Cotton Growing industry in China is estimated to total $13.53 billion as of the end of 2011
Los Angeles, CA (PRWEB) January 05, 2012
China is the largest producer of cotton in the world, with an estimated plant area of 59.2 million hectares in 2011. China is also the largest consumer market of cotton in the world, as cotton is one of the main raw materials for many Chinese industries. Development of the Cotton Growing industry in China is also closely related to the lives and incomes of 119.2 million farmers, plus millions of downstream workers across dozens of related industries. Therefore, this industry is well supported by the government.
Revenue from the Cotton Growing industry in China is estimated to total $13.53 billion as of the end of 2011, down 1.4% from 2010, with an average annualized decline of 2.1% from 2006. These industry declines have largely been the result of lower cotton demand and pricing levels.
When prices of cotton lint and seed cotton increase greatly in the domestic market, the government sells strategic cotton reserves and increases cotton import quotas to prevent dramatic changes in cotton lint and seed cotton prices. This contributes to the relative stability of the industry.
Over the five years through 2016, industry revenue is expected to grow at an average annual rate of 1.7% to reach $14.74 billion.
For more information, including profit levels, market shares, product segmentation and more, purchase IBISWorld’s full report on the Cotton Growing industry in China for $825 at ibisworld.com.cn.
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Cotton Growing in China – Key Report Topics
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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