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.