In the context of the current complex and changing global economic situation, the challenges facing the global textile market, especially the supply of cotton and price fluctuations, have a profound impact on the market. According to the latest forecast of the International Cotton Advisory Committee (ICAC), global cotton production for the period 2023 to 2024 has been reduced, while the reduction in consumption has been relatively small, leading to a decrease in end-term inventory and a slight decrease in cotton inventory consumption.

In particular, in the United States, as one of the worlds largest consumer markets, wholesale retail sales of garment clothing declined comparatively, stock consumption is much higher than the average of the previous year, showing the weakness of the consumer market. This weakness trend is not only limited to the US market, but is reflected globally. Further analysis shows that although cotton and cotton imports have increased significantly, domestic cotton sales are still slow, reflecting the unanticipated order status of the global textile market.

As the worlds largest cotton consumer and textile exporter, Chinas changes in the cotton market have a significant impact on the global textile market. Chinas cotton production has increased slightly between 2023 and 2024, consumption has increased dramatically, and imports have increased significantly, reflecting the demand for cotton in Chinas market is still strong.

After the Spring Festival, the textile market for the traditional gold three silver four expectations have not been realized, the cotton textile factories feedback cotton veils, clothes, fabrics, clothing and other new orders are obviously insufficient. This phenomenon is not only reflected in the Chinese market, but in the global scope, the textile industry is facing the difficulty of reducing orders and increasing inventory.

The forecast for future markets shows that the uncertainty in the global textile markets remains high. The future trend of U.S. federal fund interest rates, fluctuations in international cotton prices, and changes in the global economic situation will have a significant impact on the textile markets. The escalation of the Red Sea crisis and European inflation issues may further curb consumption, but may also lead to the transfer of orders and goods from Southeast Asia to China, thereby stimulating domestic cotton consumption growth to a certain extent.

To summarize, the global textile market is currently facing multiple challenges, including changes in cotton supply and demand, weak consumption markets, and uncertainty in the global economic situation. facing these challenges, the textile industry needs to strengthen market analysis, flexibly adjust production operating strategies, while closely monitoring changes in international trade situation and macroeconomic policies to address future market uncertainties and risks.