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Global cotton usage expands for the 4th consecutive season

As per latest US Department of Agriculture (USDA) projections, global cotton mill usage is expected to expand for the fourth consecutive season. World 2015-16 cotton consumption is forecast at 114.4 million bales, 3 per cent (3.6 million bales) is above a year ago. China remains the leading user of raw cotton, accounting for 30 per cent of the total.

However, China’s share of the global market has declined for several years, as its cotton spinning costs have increased relative to costs in other countries. As a result, cotton mill use growth has recently shifted among countries. Using 2012-13 as the base year, global cotton mill use is projected 6 per cent higher in 2015-16, a two per cent annual growth that is near the long-term average. Although growth has not occurred in China, mill use has expanded in countries such as India, Bangladesh, and Vietnam.

In 2015-16, mill use in India and Bangladesh is expected to be about 20 per cent above 2012-13. The most impressive growth among all these neighbouring countries is being seen in Vietnam. In 2015-16, mill use in Vietnam is expected to more than double the 2012-13 level.

 

www.usda.gov

 
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