Textile and cotton manufacturing industries are core industries in both developed and developing countries. The current world textile market situation is that textile industry manufacturers are migrating from Europe to Asian countries. Hence the high-priced labour force in Europe, which materially affects the cost of finished goods, and also the efforts towards bringing the manufacturers closer to new sales markets. Lower cotton prices as opposed to other fibres accelerated economic growth, popularity and increased supply of cotton goods as opposed to other fibres; and have definitelty caused the growth of consumption. In addition, the prices of cotton goods have decreased due to the concentration of textile manufacturing in low- cost labour countries. Textile industry is one of the main budget-setting industries in many countries throughout the world. Though it covers only 10% of domestic market needs in Kazakhstan, the volume of domestic production must satisfy 30% of domestic demand at least for the purpose of economic security and stability of the given country.
Lower cotton prices as opposed to other fibres accelerated economic growth, popularity and increased supply of cotton goods as opposed to other fibres; and have definitelty caused the growth of consumption. In addition, the prices of cotton goods have decreased due to the concentration of textile manufacturing in low- cost labour countries.
Textile industry is one of the main budget-setting industries in many countries throughout the world. Though it covers only 10% of domestic market needs in Kazakhstan, the volume of domestic production must satisfy 30% of domestic demand at least for the purpose of economic security and stability of the given country.