The latest U.S. Department of Agriculture (USDA) forecast for 2009/10 projects world cotton consumption at 112.8 million bales, a 2-percent increase from 2008/09 but well below the 2004-2007 season average of 117.7 million bales. The modest rebound is forecast as the world economy begins a slow recovery from the most severe global economic conditions in decades.
Meanwhile, cotton consumption among the major spinners has become more concentrated.
The top four cotton-spinning countries are forecast to account for nearly 73 percent of global consumption in 2009/10, up from the 2004-2007 season average of 69 percent. In addition, the top three spinner's shares continue to increase.
China and India have each increased their share of world cotton consumption recently by nearly 2 percentage points above their respective 2004-2007 averages. Pakistan has seen its share rise also, while Turkey's share of global consumption has declined.
U.S. Department of Agriculture (USDA)
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