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- W2556597583 abstract "Cotton is one of the most important textile fibers in the world, produced in about 80 countries around the world. But, the attractiveness of cotton in global textile markets is being challenged by a number of factors. The US cotton sector specifically is faced with unique competitive forces which are threatening its place in the global textile markets. In this context, this paper analyzes the threat posed by the synthetic fibers industry to global cotton markets. Our study analyzes the global supply and demand of synthetic textile fibers in comparison with that of cotton textile fibers. This paper also analyzes the global macroeconomic factors that impact the production and consumption of cotton and synthetic fibers. The study also includes a review of the economics of synthetic fibers in comparison with that of cotton fiber. The analysis is done by reviewing the literature about the cotton and synthetic fiber sectors in various countries as well as the authors’ own observations and discussions with people in those sectors in some countries. The results show that synthetic fibers have surpassed cotton in terms of production and consumption in all the global markets and they continue to grow at healthy rates. The decreasing raw material price for synthetic fibers is also helping them to become more competitive relative to cotton in many product markets. In this background, we conclude that the cotton sector worldwide must innovate, create new products with better characteristics and focus marketing efforts to meet the needs of consumers in developing countries." @default.
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- W2556597583 date "2016-01-01" @default.
- W2556597583 modified "2023-09-24" @default.
- W2556597583 title "COMPETITIVE INTENSITY AND ATTRACTIVENESS OF THE US COTTON SECTOR II" @default.
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