#Raw Materials

2022-12-21

Production to outpace consumption despite extreme weather events and pest infestations

It’s safe to say the 2022/23 season has gotten off to a difficult start for the cotton industry. On the production side, both the USA and Pakistan were devastated by drought and flooding, respectively, while West Africa faced a severe infestation of jassids. All caused severe damage to the crops.

Executive Summary

Highlights from the December 2022 Cotton This Month include:

The 2022/23 global cotton crop has already suffered major losses due to droughts, flooding and pest infestations

Despite those issues, consumption is still expected to be lower than production by more than 1.2 million tonnes, at 23 million and 24.2 million tonnes, respectively

The Secretariat’s current price forecast ranges from 97.9 cents to 151.5 cents, with a midpoint at 115 cents per pound

Production to Outpace Consumption Despite Extreme Weather Events and Pest Infestations

On the consumption side, fears of a recession still have governments scrambling to control inflation, while the decline in employment in the retail, transportation and warehousing sectors are cause for concern, especially as so many other industries are hiring again.

Currently, the ICAC projects global production at 24.27 million tonnes and consumption at 23 million tonnes.

The Secretariat’s current price forecast of the season-average A index for 2022/23 ranges from 97.9 cents to 151.5 cents, with a midpoint at 115 cents per pound.

Cotton This Month is published at the beginning of the month with the Cotton Update published mid-month. The Cotton Update, which is included in the Cotton This Month subscription, is a mid-month report with updated information on supply/demand estimates and prices. The next Cotton This Month will be released on 1 February 2023. The next Cotton Update will be released on 15 January 2023.

Fashion For Good launches “Beyond50 Denim” to address hemp integration barriers in global denim production

Fashion for Good, together with leading global brands BESTSELLER, C&A, PDS Limited, Reformation, and Target, launched Beyond50 Denim: Combining Cottonised Hemp and Green Chemistry, a project accelerating the use of hemp as an alternative to conventional cotton in denim. By combining two pioneering innovations (SEFF’s Nano-Pulse™ cottonised hemp fibres and FIBRE52™’s proprietary chemistry formulations with soft handfeel), the project seeks to demonstrate that hemp-based denim can match or even surpass cotton in both performance and appeal.

Spinnova and Rieter to publish a yarn spinning guideline for industrial partners

Spinnova and Rieter have published a comprehensive yarn spinning guideline for industrial partners, detailing how to produce compact yarn from SPINNOVA® fibre using Rieter’s state-of-the-art machinery. The step-by-step guide outlines key considerations at each stage of the spinning process and is available upon request.

Evonik and AMSilk extend partnership for sustainable biotech silk materials

Evonik and AMSilk, a global leader in advanced biomaterials based on silk proteins, have deepened their collaboration with a long-term agreement to produce sustainable silk proteins at industrial scale. Building on their initial manufacturing agreement from 2023, the companies have commissioned a manufacturing line at Evonik’s Slovakian site for AMSilk’s high-performance silk. This innovative biomaterial is produced with minimal environmental impact and is designed for use in premium fashion and highly demanding automotive interiors.

Kraig Biocraft Laboratories to launch operations at new Southeast Asia production facility this week

Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company” or “Kraig Labs”), a world leader in spider silk technology*, announces that it will begin operations this week at its newest production facility. This milestone marks the launch of the first full production cycle at the site. This production site was secured earlier this summer through an agreement with a government agency in Southeast Asia.

The Address of innovation and investment in textile technologies: ITM 2026

Sales for ITM 2026, one of the world’s most comprehensive and prestigious exhibitions in textile technologies, are continuing at full steam. The record number of exhibitors and visitors achieved at ITM 2024 once again proved the industry’s confidence and the commercial success of the exhibition; meanwhile, the strong interest shown in ITM 2026, to be held on 9-13 June 2026, has far exceeded expectations.

STOLL in focus:

At the beginning of this year, KARL MAYER announced that it would be shifting its focus back to its core areas of warp knitting, warp preparation and technical textiles. As part of this strategic realignment, the flat knitting machine business under the STOLL brand will be discontinued. The Reutlingen plant will close down on 31 October 2025. Production in China will end in December 2025. This was an extremely difficult decision for KARL MAYER.

Heimtextil 2026 strengthens the global home textile industry with trends, designs and AI technologies

With an optimised hall layout, progressive design collaborations, inspiring trends and AI-driven innovations, Heimtextil 2026 reacts to the current market situation – and offers the industry a reliable constant in challenging times. Under the motto ‘Lead the Change’, the leading trade fair for home and contract textiles and textile design shows how challenges can be turned into opportunities. From 13 to 16 January, more than 3,100 exhibitors from 65 countries will provide a comprehensive market overview with new collections and textile solutions. As a knowledge hub, Heimtextil delivers new strategies and concrete solutions for future business success.