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Exhibition Status Update!

With 3 weeks until SHOWTIME, the 20th Anniversary edition welcomes an All-Star cast of new and returning exhibitors, making up the largest DOMOTEX asia/CHINAFLOOR to date. Due to high demand in all product...

Global designers to exhibit at Luxury Br…

Designers from Europe, Middle East and North America will exhibit at the upcoming Luxury Brands Carpet Show. The second edition of the curated Luxury Brands exhibition and designer carpet collection is scheduled to...

H&M to dress Swedish teams for Olymp…

Hennes and Mauritz Group (H&M) will dress the Swedish teams for the Winter Olympics and Paralympics in PyeongChang 2018. The company will create outfits for the opening and closing ceremonies. The collection will...

Saurer to show Allma TechnoCorder TC2 at…

Saurer Technologies GmbH & Co. KG Twisting Solutions, a leading provider of energy efficient solutions for tire cord, carpet, staple, glass filament, and industrial yarns, will present its Allma TechnoCorder TC2 innovative machine...

Cone Denim and Unifi launch S Gene with …

Cone Denim and Unifi have launched the latest in advanced stretch technology - S Gene with Repreve . Combining the advanced stretch technology of S Gene with the superior sustainability and performance of...

Shima Seiki to partake in Premiere Visio…

Leading computerised knitting machine developer, Shima Seiki Mfg., Ltd., is set to participate at the Premiere Vision show, a global event for fashion professionals, to be held in Paris, from February 13 to 15, 2018...

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Even if the winding machine is only responsible for about 10-15% of the energy consumption (compressed air and electrical energy) when considering the classic ring spinning process, these criteria play an important role...

Wool to dominate at Intertextile Shangha…

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World cotton consumption to rise in 2013/14 - USDA

World cotton consumption to rise in 2013/14 - USDA

(Global)

Global 2013/14 cotton mill use is forecast at 110.4 million bales, up 2 percent from 2012/13, reflecting a favorable world economic outlook. The World Economic Outlook of the International Monetary Fund (IMF) forecasts global economic growth at 3.3 percent and 4.0 percent in 2013 and 2014, respectively.

While the IMF forecasts relatively weak economic activity for advanced economies, a more optimistic economic outlook for emerging and developing economies (5.3 percent in 2013, and 5.7 percent in 2014) is expected to augur well for world cotton end-use.

China’s 2013/14 mill use is forecast at 36.0 million bales, unchanged from the previous year, and accounting for one-third of global consumption. China’s continuing policy of cotton purchases for the national reserve has maintained a domestic cotton price above world market levels.

As a result, the profitability of domestic spinning has been severely constrained, forcing mills to rely on yarn imports from countries such as India and Pakistan and to shift fiber blends in favor of lower-priced polyester.

India’s 2013/14 cotton consumption is forecast at a record 23.5 million bales, up 3 percent from a year ago. The 2013/14 India mill use forecast represents 21 percent of world cotton consumption, up 2 percentage points from the preceding year.

Pakistan’s 2013/14 cotton mill use is forecast at 12.0 million bales, up 4 percent from the previous year and the third consecutive year that annual mill use has increased. Growing mill use in India and Pakistan reflects a stable to promising economic outlook, as well as spillover effects from China’s domestic cotton policy, which has given a competitive edge to the South Asian spinners.

Indonesia and Thailand are forecast to consume 2.45 million bales and 1.6 million bales, respectively, in 2013/14, up 4 percent and 7 percent from a year earlier. Vietnam’s 2013/14 mill use is forecast at 2.35 million bales, up 7 percent from the previous year.

Turkey is forecast to consume 6.1 million bales in 2013/14, a 2-percent (100,000 bales) increase from the preceding year, and a 6-percent share of world cotton consumption. Brazil and the United States are forecast to use 4.2 million bales and 3.5 million bales, respectively, up 4 percent and 3 percent from the preceding year.

The IMF’s April 2013 World Economic Outlook report forecasts Brazil’s economic growth at 3 percent and 4 percent in 2013 and 2014, respectively. The report also forecasts U.S. economic growth at 1.9 percent and 3.0 percent during that same period.

Global 2013/14 ending stocks are forecast at a record 92.7 million bales, up 9 percent from the previous year, as production exceeds consumption for the fourth consecutive season. The sharp increase in world stocks is the result of an assumed continuation of China’s domestic cotton price support and reserve policies.

China’s ending stocks, which nearly tripled in 2011/12 and are estimated to rise 55 percent in 2012/13, are projected to increase another 20 percent in 2013/14, as the national reserve increases to about 50 million bales. If these projections are realized, China will account for 63 percent of 2013/14 global ending stocks, up 6 percentage points from the previous year.

With China’s government stockpiling a rising share of world cotton stocks, stocks outside of China are projected to fall by nearly 2 million bales. The reduction of stocks available for consumption and trade is supportive of world prices and is, therefore, a factor boosting world cotton production and constraining consumption.

Brazil’s ending stocks are forecast at 5.7 million bales in 2013/14, up 4 percent from a year earlier. Pakistan’s 2013/14 ending stocks are forecast at 3.2 million bales, up 9 percent from the previous year (maintaining the previous year global ending stocks share of 5.5 percent).

The United States and India are forecast to decrease stocks from a year ago by 25 percent and 6 percent, respectively, to 3.0 million bales and 7.4 million bales in 2013/14.


United States Department of Agriculture

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