Market Analysis: Trends Of Major Cotton Consumers Abroad

U.S. apparel retail sales were lower than expected. Holiday shopping in the US has fallen far short of market expectations due to inflation and epidemic concerns. In December 2021, retail sales in the United States fell by 1.9% month on month, a new low since February last year. Sales of clothing and clothing stores fell 3.06% month on month.

Consumer confidence in the EU has declined significantly. "Omicron" has a significant negative effect on consumer confidence in Europe. In December 2021, the consumer confidence index of 19 euro zone countries and 27 EU countries was - 8.3% and - 9.6%, respectively, the lowest since April 2021.

Textile orders in Southeast Asia continued to recover. The process of returning to work and production in Southeast Asia accelerated, and the export of textile and clothing rebounded significantly. In November 2021, Pakistan's textile and clothing exports increased by 35.01% year-on-year, 8.45% month on month, and Vietnam's textile exports increased by 40.0% year-on-year; In December, India's clothing exports increased by 22% year-on-year and 36.5% month on month.