Global Markets: Cotton – U.S. Exports Fall in Major Markets Outside Vietnam

Cotton harvest. ©Debra L Ferguson Stock Photography

Lower U.S. production and trade barriers weighed 2018/19 exports down from the previous year. Shipments to eight of the top ten markets fell with China witnessing the largest decline. Despite higher global imports by China, retaliatory tariffs on U.S. cotton allowed other major exporters to supplant U.S. market share.

Despite lower exports to most major markets, the United State’s top market, Vietnam, continued another positive year of growth. Recent FDI (Foreign Direct Investment) in Vietnam by several East Asian countries has boosted imports and consumption to record levels in 2018/19, with further import growth expected in 2019/20.

India also witnessed significant growth with U.S. exports surpassing the previous year by over two-thirds. South Asia was the only region which expanded imports, with India and Bangladesh driving the bulk of demand.

Nonetheless, exports fell in all other regions with East Asia (China) accounting for the most significant downturn. Despite Vietnam’s uptick, Indonesia and Thailand helped drag exports to Southeast Asia lower on declining use in both countries. Lower Indonesia yarn exports to China has helped contribute to declining consumption.

U.S. exports are forecast to expand in 2019/20 with a rebounding crop that’s estimated to grow by more than a quarter. With larger exports projected, the United States is expected to help meet greater global demand in 2019/20 with Vietnam imports (the top U.S. market) expected to break the previous year’s record.

Full report.


The Latest


Send press releases to Ernst@Agfax.com.

View All Events


Send press releases to Ernst@Agfax.com.

View All Events