26/02/2024 – Bremen Cotton Exchange — auf Deutsch lesen

Italy´s fashion industry is growing and investing

The 07/08 issue of the Bremen Cotton Report has been published. Here is a brief overview of the current state of cotton quality, Italy´s fashion industry is growing and investing and two country reports of Australia and African Franc Zone.

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Bremen Cotton Report. © Irina Sokolovskaya/stock.adobe.com

 

Focus on cotton quality

The 37th International Cotton Conference Bremen, with a focus on “Focus on Cotton Quality – our DNA”, emphasizes the role of yarn and raw material quality in textile production. Discussed are testing methods, influences of ginning, and spinning innovations. Experts from around the world present research findings, including Mahmud Hossain´s method for reducing friction during yarn twisting. The use of hemp in combination with cotton is gaining importance, as explained by Ralf Müller. Jaswinder Bedi is working on vertically integrated strategies for cotton production in Africa. The importance of precise cotton quality testing is highlighted by Jean-Paul Gourlot and Mourad Krifa. Technical innovations such as the SBRHVI program and moisture management are discussed to improve productivity and quality.

Italy´s fashion industry is growing and investing

Italy´s fashion industry continues to experience strong growth and high investment. Known for its globally esteemed fashion design, the industry's revenue is expected to increase by 1.4 to 2.3% in 2024. In 2022, the industry already saw a net revenue increase of 18.8% to 96.4 billion euros. Despite a slight decline in the third quarter of 2023, growth persists. The apparel industry represents a significant sector, employing approximately 454,000 workers, accounting for 11.7% of all manufacturing jobs. An important trend is the introduction of Industry 4.0 and sustainability, with digital connectivity and investments in Prato being a focal point. German machine manufacturers are poised to benefit from the strong supply position, with Germany having the highest share of supplies. The export surpluses of the Italian fashion industry are considerable, with the USA, France, Germany, and the UK being the main recipients. (Source: Germany Trade and Invest (GTAI))

Country Reports: Australia and African Franc Zone

Cotton production in Australia for the 2023/24 season is expected to be 1.05m t, a decrease of 65,000 t or 6% compared to the previous forecast and a decrease of 17% compared to the previous year. The planting area is estimated at 515,000 ha, with an increase of 50,000 ha compared to the previous month and a decrease of 21% compared to the previous year. Rainfall predictions, particularly due to El Niño, are affecting production. Yields are expected to be lower due to a higher proportion of non-irrigated cotton. New South Wales and Queensland are the leading cotton producers. In the African Franc Zone, cotton production for the 2023/24 season is expected to be 1.07m t, a 23% increase over the previous year. The planting area is estimated at 2.7m ha. Yield per hectare is expected to increase by 24%. Successful measures for insect control have contributed to yield recovery. Overall, an increase in cotton production is expected, with exceptions in Burkina Faso and Benin.

(Sources: USDA/FAS, World Agricultural Production, February 2024; Source: USDA/FAS, World Agricultural Production, February 2024)

For more detailed information please see Bremen Cotton Exchange – Report No. 07/08 – 22nd February 2024