Home / Knowledge / News / Textiles / World cotton trade to decline 12% in 2013/14 - USDA
World cotton trade to decline 12% in 2013/14 - USDA
29
May '13
World 2013/14 cotton trade is forecast to decline 12 percent from a year ago, to 39.5 million bales, due to a combination of lower exportable supplies and China’s policy-driven lower demand for foreign cotton.

The 2013/14 forecast will represent the third-consecutive-annual decline in global trade as major exporters such as Australia, Brazil, India, and the United States anticipate sharply lower exports.

Australia is forecast to export 4.7 million bales in 2013/14, down 10 percent from the preceding year, leaving its share of world exports unchanged from the previous year’s 12 percent.

Brazil’s 2013/14 exports are forecast at 2.8 million bales, down 37 percent (1.7 million bales) from the previous year, due to lower supplies available from the 2012/13 crop. India is forecast to export 5.5 million bales in 2013/14, a reduction of 1.7 million bales (24 percent) from a year earlier, partly driven by competition from its growing domestic textile industry.

The United States—the world’s leading cotton exporter—is forecast to export 11.5 million bales in 2013/14, a 13-percent decline from a year earlier, due to the sharply lower expected 2013/14 crop. The African Franc Zone and Central Asia are forecast to export nearly 4.3 million bales and 5.3 million bales, respectively, in 2013/14—up 13 percent from a year ago in the AFZ, but unchanged in Central Asia.

Imports are forecast to increase in Bangladesh, Pakistan, Mexico, and Turkey, but not by enough to offset sharp 2013/14 decreases in China and India.

China’s 2013/14 imports are forecast at 12.0 million bales, down 34 percent from the previous year, as growing official reserve stocks—in defense of cotton producer minimum support price—create less need for foreign cotton.

In forecasting China’s 2013/14 imports, the USDA took into consideration current reserve release prices and import quota policies. The 2013/14 projection puts China’s share of global imports at 40 percent, down 14 percentage points from the previous year. India is forecast to import 1.0 million bales in 2013/14, down 700,000 bales (41 percent) from the preceding year.

Bangladesh and Indonesia are forecast to import 3.8 million bales and 2.5 million bales, respectively, in 2013/14, up 4 percent and 2 percent from the previous year.

Pakistan and Turkey are forecast to import 3.1 million bales and 4.0 million bales in 2013/14, an increase of 13 percent and 8 percent, respectively, from a year earlier. Imports by Mexico and Thailand are forecast at 1.2 million bales and 1.6 million bales, respectively, up 20 percent and 5 percent from the previous year.

United States Department of Agriculture


Must ReadView All

US & EU retailers release industry approach to GDPR

Apparel/Garments | On 24th May 2018

US & EU retailers release industry approach to GDPR

The Washington, D.C.-based National Retail Federation and...

Global cotton consumption to reach record in 2018-19: USDA

Textiles | On 24th May 2018

Global cotton consumption to reach record in 2018-19: USDA

Reflecting continued growth in the global economy, world cotton mill...

Courtesy: Nanollose

Textiles | On 24th May 2018

Nanollose develops fabric from coconuts

Australian technology company Nanollose has developed a sustainable...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search