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Global cotton consumption to reach record in 2018-19: USDA
24
May '18
Reflecting continued growth in the global economy, world cotton mill use is forecast at 125.4 million bales in 2018-19, the US department of agriculture (USDA) has said. This is 4.7 million bales or 3.9 per cent above the 2017-18 estimate, and the seventh consecutive season of increased consumption, surpassing the record 124.2 million bales set in 2006-07.

“Cotton consumption is led by China, India, and Pakistan, with a combined 2018-19 mill use forecast at 77.2 million bales, or 62 per cent of the global total. Expansion is also expected for the other leading cotton spinners, including Bangladesh, Turkey, and Vietnam,” the Economic Research Service of the USDA said in its latest ‘Cotton and Wool Outlook’ report.

In China, cotton consumption is forecast to expand 4 per cent and reach 41.5 million bales in 2018-19, the largest since 2010-11, as investment in the textile industry continues and mills have access to local supplies from the national reserve. China’s mill use in 2018-19 may be further supported by a slower pace of yarn imports compared with recent years.

Similarly, India’s consumption in 2018-19 is expected to grow nearly 4 per cent to 25.2 million bales, a record if realised; the global demand for cotton textile and apparel products has supported the recent growth seen in India.

In Pakistan, cotton mill use is forecast at 10.5 million bales in 2018-19, slightly above a year earlier and the largest in 4 years, the report said.

Cotton mill use in Bangladesh is forecast to reach 7.8 million bales in 2018-19, up 500,000 bales or 7 per cent over 2017-18 as consumption hits new records annually.

Tremendous growth has also been noted in Vietnam, where 2018-19 mill use is expected to expand 12 per cent to a record 7.4 million bales, up 800,000 bales over the previous season.

Likewise, Turkey’s consumption is projected 200,000 bales or 3 per cent higher in 2018-19 to a record 7.4 million bales, USDA said. (RKS)

Fibre2Fashion News Desk – India


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