U.S. Department of Agriculture: Annual increase in global cotton trade will reach 2.2%

According to the forecast released by the U.S. Department of Agriculture, the world cotton trade is expected to grow at an annual rate of 2.2% to 2019. In the next decade, Asia will contribute almost the same amount of growth in cotton imports. Among them, China's cotton import growth is expected to account for half of the world's increase; Pakistan will become the world's second largest cotton importer; Turkey's cotton imports will continue to decline; the EU, Japan and South Korea and other countries due to textile trade reform and The increase in domestic wages will steadily reduce its cotton imports. At the same time, this will also drive domestic textile production to lower production costs; the United States is expected to continue to be the world’s major cotton exporter in the next decade to 2019. In the United States, cotton exports are expected to increase by 24% to 16 million bales, which is more than 35% of the world's cotton trade. Exports of cotton by sub-Saharan African countries are expected to increase by more than one-third in the next decade.

Global cotton planting is expected to continue to shift to countries or regions where cotton production is superior in natural conditions and has a better technical basis. Those traditional cotton-producing countries with a vast area of ​​cotton growing conditions, including the United States, sub-Saharan African countries, India, and Brazil, will still benefit from the trade situation in the post-quota era.

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