American cotton exports dropped twofold from September 2021 to October 2021, reveals IndexBox data. Droughts have wiped out a significant part of cotton crops across the US, especially in Texas. Reducing yields in the US due to unfavorable weather forced American suppliers to slump exports, decreasing global market supply.

The US however, is the leading supplier, accounting for 41 per cent of global cotton lint exports. China, Vietnam and Pakistan are key importers of cotton lint from America. They have a combined 65 per cent share of total US exports. In 2020, US supplies to China grew threefold, while shipments for the other leaders experienced mixed trend patterns. In 2020, the amount of cotton lint exported from the US rose by 7.3 per cent compared with 2019. The average export price for cotton lint from the US shrank by 9.5 per cent in 2020 against the previous year. Average prices varied somewhat for the major overseas markets. In 2020, the highest prices were recorded for prices to India and Indonesia while the average prices for exports to Vietnam and China were among the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to India, while the prices for the other significant destinations experienced a decline.