摘要
According to the analyst,from 2022 to 2026,the growth rate of China’s cotton spinning industry will continue to slow down.However,the domestic demand for cotton textiles will keep rising,and a large number of cotton textiles will be exported as usual because of the price advantage.Therefore,the overall demand for cotton in China is expected to increase gradually from 2022 to 2026.In recent years,the growth rate of China’s cotton spinning industry is slowing down and labor costs,land rent and the prices of other production factors are rising in China,which increases the costs of cotton planting and decreases the profits and area of cotton planting.Meanwhile,cotton production capacity is being transferred to Xinjiang with lower cost from other parts of China.In 2020,the cotton planting area in China was about 3.168 million hectares,down 5.10 percent YOY.