Home / Knowledge / News / Textiles / World cotton trade projected to dip 10% in 2014/15 - USDA
World cotton trade projected to dip 10% in 2014/15 - USDA
27
May '14
World cotton trade in 2014/15 is forecast to reach only 36.3 million bales, 10 percent below the previous season and the lowest since 2010/11. While imports by China have supported cotton trade over the last several seasons, expectations for lower China import demand are reducing trade in 2014/15. 
 
The initial forecast represents the second consecutive decrease in global trade as most major exporters anticipate reduced shipments in 2014/15. Exports by the United States, the world’s leading exporter, are forecast to decline 7 percent to 9.7 million bales, the lowest since 2000/01. Exports from India and Australia are forecast to decline considerably from a year earlier as exportable supplies there appear limited. 
 
India is projected to export 5.7 million bales in 2014/15, down 35 percent from 2013/14.In Australia, exports are projected at 3.2 million bales, down 30 percent from a year earlier and the lowest since 2010/11. Brazil’s exports are forecast to rebound to 3.5 million bales with increased supplies. Uzbekistan’s exports are projected to remain flat in 2014/15 at 2.7 million bales. 
 
Global imports in 2014/15 are driven once again by China, where cotton imports are forecast to fall by one-third to 8.5 million bales, as the Government is likely to restrict imports in favor of consumption of domestic cotton. Imports by China are expected to decline for the third consecutive season after reaching a record 24.5 million bales in 2011/12. Smaller import declines are also expected for Turkey, Vietnam, Malaysia, and others in 2014/15. Offsetting these declines, however, are increases in Pakistan, India, and Bangladesh. 
 
With global cotton production forecast to exceed consumption for the fifth consecutive season in 2014/15, world ending stocks are estimated to rise to a new record, reaching 101.7 million bales by July 31, 2015. China will continue to hold the bulk of these stocks, as ending stocks there are projected to reach 60.5 million bales by the end of 2014/15; however, China’s share of total world stocks is expected to decline slightly. 
 
World stocks outside of China are expected to rise by about 3 million bales. China would hold nearly 60 percent of global cotton stocks, slightly below the estimate for 2013/14. Stocks in India, the next largest stock holder, are also expected to rise to 10.7 million bales, or nearly 11 percent of the global total. The global stocks-to-use ratio is projected at 91 percent, up from 90 percent in 2013/14 and more than double the 2010/11 level.
 

USDA


Must ReadView All

Courtesy: Fashion Revolution/Fashion Transparency Index

Apparel/Garments | On 23rd Apr 2018

Transparency helps in swiftly alerting brands

Disclosing key supplier, supply chain and operational information...

Japan’s clothing imports up 4% in fiscal 2017

Apparel/Garments | On 23rd Apr 2018

Japan’s clothing imports up 4% in fiscal 2017

Japan’s imports of clothing and accessories increased by 4 per cent...

Courtesy: Fashion Revolution/Fashion Transparency Index

Fashion | On 23rd Apr 2018

Top global fashion brands now more transparent

Fashion Revolution’s Fashion Transparency Index 2018 reveals Adidas...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Urs Stalder
Sanitized AG

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth 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

Leave your Comments


April 2018

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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

Yes No

Active Poll

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

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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

Yes No

Active Poll

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

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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

Active Poll

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

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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