Home / Knowledge / News / Textiles / Global cotton consumption to reach record in 2018-19: USDA
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


Must ReadView All

Courtesy: Pxhere

Textiles | On 24th Jan 2019

Cabinet okays National Bench of GST Appellate Tribunal

The Union Cabinet, chaired by Prime Minister Narendra Modi, has...

Piyush Goyal likely to present Interim Budget 2019-20

Textiles | On 24th Jan 2019

Piyush Goyal likely to present Interim Budget 2019-20

Minister of railways Piyush Goyal is likely to present Interim Budget ...

Bangladesh aims to be developed by 2041: Minister

Textiles | On 24th Jan 2019

Bangladesh aims to be developed by 2041: Minister

Aiming to become a developed country by 2041, Bangladesh is working...

Interviews View All

Anavila Misra, Anavila Collection

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Headhonchos, Textiles & allied industry

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Vasanth Kumar, Max Fashion India

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Siddhachakra Weaving (Badiya Fashion),

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Oliver Schmitz,

Oliver Schmitz

Germany-based Gmöhling is a leading manufacturer of aluminium containers...

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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


February 2019

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

news category


Related Categories:

Advanced Search