Home / Knowledge / News / Textiles / Bangladesh remains top cotton importer in 2015-16
Bangladesh remains top cotton importer in 2015-16
14
Oct '16
Courtesy: FAS/USDA
Courtesy: FAS/USDA
Reinforcing its position as the world's largest importer, Bangladesh imported 6.2 million cotton bales in 2015-16. The US department of agriculture (USDA) has forecast Bangladesh's imports to increase to 6.3 million bales in 2016-17. This raises Bangladesh's share of global imports to over 18 per cent, which is more than double its share seen 5 years before.

This large change in Bangladesh's imports in turn impacts various cotton exporters, especially West African origins such as Benin and Burkina Faso, and Central Asian countries such as Uzbekistan. Indeed, demand in Bangladesh for cotton of Uzbek origin has proven to be substantially stronger than was previously believed, resulting in a substantial upward revision to the 2015-16 Uzbek export estimate, the USDA said in its October 2016 report 'Cotton: World Markets and Trade'.

Meanwhile, consumption is raised a more moderate 300,000 bales, to 6.1 million, as market reports attest to growth of spinning. For 2016-17, consumption is expected to be 6.4 million.

For 2016-17, the USDA has raised India's cotton imports by 500,000 bales to 1.5 million bales on very strong early-season imports. For Indonesia too, estimated imports is now up by 100,000 bales to 2.9 million bales on higher domestic use.

Among exporters, the US is expected to export 12 million bales in 2016-17. This figure is an increase of 500,000 bales over earlier estimate. This is due to stronger global import demand. Smaller crop will result in reduction of 500,000 bales to 2.9 million bales for Brazil. Significantly larger crop is likely to raise Australian exports by 800,000 bales to 4.2 million bales. Exports from Benin and Mali are pegged at 700,000 bales and 1.2 million bales, respectively. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X