1st Cotton Brazil Outlook promotes exchanges with Vietnamese spinners and anticipates increase in market share in the Asian country
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Second virtual meeting of the series seeks to strengthen relations between the Brazilian cotton industry and Vietnamese companies. Today our lint accounts for 21% of the market in Vietnam.
The 1st Cotton Brazil Outlook Vietnã took place on Monday, January 25. The event was promoted by Cotton Brazil, an initiative organized by Abrapa (Brazilian Cotton Growers Association) in partnership with Anea (Brazilian Cotton Shippers Association) and Apex- Brazil (Brazilian Trade and Investment Promotion Agency).
This was the second virtual event in the series, the first of which took place on the 21st, with India. The meetings will also include other countries such as South Korea, Turkey, Bangladesh, Pakistan, Indonesia, Thailand, and China, and will connect authorities and specialists from Brazil with local textile leaders. On the occasion, participants will receive valuable information about Brazilian cotton, including its intrinsic characteristics and data on the latest crop.
Market share is expected to increase
Following the opening remarks by Marcelo Duarte, international relations manager at Abrapa and also manager of Cotton Brazil, the president of Abrapa, Júlio Cézar Busato, welcomed those present. Afterwards, Brazil’s ambassador to Vietnam, Fernando Apparício da Silva, gave his testimony about the promising relationship between the two countries through cotton.
“Over the past ten years Vietnam has become an important consumer of Brazilian cotton. But we believe that the numbers could go further, since the Vietnamese textile industry and the Brazilian cotton production potential will experience rapid and sustainable growth in the coming years”, said the ambassador.
According to data from Abrapa, the Brazilian cotton market share saw a significant increase in Vietnam between the last two seasons, jumping from 12% in 2018/2019 to 21% in 2019/2020.
Vietnam is the 3rd largest global importer of cotton and the 2nd largest importer of Brazilian cotton. The Southeast Asian country is an industrial power, with an emphasis on the textile sector. In the last five years, this sector has grown at a rate above 15% per year, placing the country as the 3rd largest exporter of clothing and apparel in the world, after China and India.
The webinar continued with presentations by Júlio Cézar Busato, President of Abrapa; Edson Mizoguchi, Abrapa’s Quality Manager; Carlos Moresco, Brazilian cotton grower; Henrique Snitcovski, President of Anea; and Marcelo Duarte, Director of International Relations at Abrapa.
Nguyen An Toan, President of the Vietnam Cotton and Spinning Association – VCOSA – stressed the importance of the initiative for the strengthening of a collaborative relationship between the two countries. “I believe that they can bring the necessary insights to improve the quality of your cotton or standardize the purchase of cotton. I also believe that in the near future the commercial relations between Vietnamese spinners and Brazilian cotton growers will be strengthened”.
The Cotton Brazil Outlook – Vietnam was held by Abrapa in partnership with Anea and Apex-Brasil, with support from VCOSA – Vietnam Cotton and Spinning Association – and the Brazilian Embassy in Hanoi.
About Cotton Brazil
The Cotton Brazil initiative was launched at the end of 2020 to promote Brazilian cotton in the global market, and is the result of 20 years of constant innovation, research, and investments in industry improvements.
Led by Abrapa (Brazilian Cotton Growers Association) in partnership with Anea (Brazilian Cotton Shippers Association) and Apex-Brasil (Brazilian Trade and Investment Promotion Agency), Cotton Brazil encompasses actions including a physical presence in Asia with the opening of an office in Singapore; a larger digital presence through a website in nine languages and social media efforts; relationship marketing programs; events; market intelligence; buyers and sellers missions; strategic research and partnerships.
To learn more, visit: www.cottonbrazil.com