Will rising gas prices have an impact on the price of cheap cotton fabric?
In Europe, gas and electricity prices have soared, threatening blackouts across the continent this winter. China is already suffering blackouts as a result of surging energy use and coal shortages. The government has told factories to buy imported LNG at all costs to keep their production lines running. In the US, natural gas prices rose this week to their highest level in 13 years.
In Israel, meanwhile, the energy crisis is a national one: gas supplies far exceed demand, and more gas is due to come on stream next year. Gas and electricity prices are falling. Analysts say there will be no blackouts in the short term and no electricity price increases for the next two years.
Gas prices in Israel have long been higher than in much of the world and are currently $4- $5 per million British thermal units, a fraction of spot prices in Europe.
Two months ago, Israel Electric won a 25% cut from the supplier that owns and operates Israel Tamar gas field. Israeli consumers have yet to feel the direct impact of lower gas prices, but they will from next year, when regulators set new, lower electricity tariffs.
Europe, meanwhile, is suffering from a "perfect storm": a cold winter of 2020-21 led to a decline in gas stocks, while new supplies from Russia and Norway through pipelines were disrupted. Imports of liquefied natural gas would have filled the gap, but energy-hungry Asia is aggressively competing for supplies. The same is true of coal, whose prices have soared around the world because of Chinese demand.
Even the weather didn\'t cooperate. Europe gets about a tenth of its energy from wind, compared with twice that in Germany and the UK, but winds have been unusually quiet in recent months, with wind generating only a tiny fraction of installed capacity on some days. Norway hydropower stations are suffering from the same water shortage as China.
In Europe, where utilities have been allowed to raise prices, higher gas and coal prices have contributed to higher electricity bills. As winter approaches and energy demand for home heating rises, Europe could face blackouts due to fuel shortages.
Israel is also less dependent on solar and wind power than Europe. Last year, only 7 percent of Israel energy production came from alternative sources, mainly solar. Compared with Europe, Israel future targets are modest: the government aims for renewables to account for only 30 percent of all energy by 2020. The European target is 40%.
Yet despite its natural gas riches, Israel is not entirely immune to global developments.
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The market size of the cheap cotton fabric in the global cotton fabrics industry
With the continuous development of the production technology and process of the cheap cotton fabric in the industrial cotton fabrics industry, the application scope of the cheap cotton fabric is becoming more and more extensive and the market potential is huge. Its development level has become one of the important indicators to measure the comprehensive competitiveness of a country cotton fabrics industry.
Industrial cotton fabrics are defined as "products used in many non-cotton fabrics industries" internationally. Compared with the traditional cotton fabrics industry with labor-intensive and low technology content, the cheap cotton fabric industry has the characteristics and advantages of capital intensive, high technology content and huge market demand space.
In terms of the global market, the global industrial cotton fabrics market including cheap cotton fabric will reach usd 258.33 billion in 2020 and is expected to reach USD 321.65 billion in 2028. In the next few years, the global industrial cotton fabrics industry will still maintain a growing trend.
The market price of the cheap cotton fabric in the global cotton fabrics industry
Developed countries and regions such as the United States and the European Union occupy the leading position in cheap cotton fabric global industrial cotton fabrics market while emerging markets such as China and India show a high growth momentum.
Since the 1990s, due to the consideration of labor, raw materials and other cost factors, manufacturers in Europe and the United States and other developed countries have shifted their focus to product research and development, brand building, channel expansion and other aspects in China, so that the production and manufacturing capacity of cheap cotton fabric has gradually shifted to East Asian countries, especially the middle and low-end products.
The global industrial cotton fabrics cheap cotton fabric production bases are mainly concentrated in the United States, Japan, South Korea and Taiwan, and the European industrial cotton fabrics industry is shifting to Asia and the United States. The Asia-Pacific region accounted for the highest proportion of 40%; North America is next at 25 percent, followed by the Middle East & Africa, Europe and South America.
The market trend of the cheap cotton fabric in the global cotton fabrics industry
Data in 2020 show that China cotton fabrics industry accounts for more than 50% of the world total, chemical fiber output accounts for 70% of the world, and trade accounts for one-third of the world. China has the most complete industrial chain, and most of its cheap cotton fabric process manufacturing and equipment level has reached the international advanced level. China is also the world largest cotton fabrics and apparel market. In 2020, the total retail sales of cotton fabrics and apparel in China exceeded 1,236.7 billion yuan.
COVID-19 has had a huge impact on the overall development of trade and the cotton fabrics industry. Enterprises in various segments have realized that they are heavily dependent on Chinese suppliers. When China was unable to supply cheap cotton fabric in the early stage of the epidemic, for example, the automobile and cotton fabrics industries could not produce normally. About 90 percent of materials imported by the EU, US and Japan come from China, underscoring the country importance in many products and raw material supply chains.
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