USDA Outlook: Global cotton exports projected to rise 3% year-over-year to 36.6 million bales in 2011/2012 due mainly to output increases in several producing countries
December 14, 2011
The following article is excerpted from the December Cotton and Wool Outlook published by the Economic Research Service of the USDA.
World Cotton Trade To Rise in 2011/12
Global 2011/12 cotton exports are forecast at 36.6 million bales, an increase of 3 percent from the previous year due mainly to rising production in several producing countries. Brazil’s 2011/12 exports are expected to nearly double to 3.8 million bales. For Australia, 2011/12 cotton exports are forecast at 4.0 million bales, up 59 percent from the preceding year. India is expected to export 6.0 million bales in 2011/12, up 18 percent from a year ago. Uzbekistan’s 2011/12 exports are expected to rise 4 percent to 2.75 million bales in 2011/12, up 4 percent from a year ago. The United States, the leading global exporter of the fiber, is expected to export 11.3 million bales in 2011/12, down 21 percent from a year earlier.
China, the world’s top cotton importer, is forecast to import 15.5 million bales in 2011/12, an increase of 29 percent from the previous year, and the second highest on record. China has been importing vigorously to meet its stock accumulation goals. In 2011/12, Bangladesh and Indonesia are forecast to import 3.3 million bales and 2.1 million bales, respectively, down 12 percent and 2 percent from the previous year. Imports in Pakistan and Turkey are also forecast to decline 3 percent and 25 percent, to 1.4 million bales and 2.5 million bales, respectively, from a year earlier. Although import declines are expected in several importing countries, these reductions are more than offset by increased import demand in China.