Cotton: World Markets and Trade (April 2003)

A Record Year for U.S. Exports

The September forecast for U.S. exports in MY2003/04 was revised from 11.8 to 12.0 million bales, exceeding the 2002/03 record of 11.9 million bales. The revision was due to increased import demand resulting from a drop in foreign production mostly in China. The chart above shows the distribution of last years record exports by region. The Table above shows the current import forecast for 2003/04 by major importing countries, along with the U.S. share in 2002/03.

During MY2002/03 Mexico, China, Turkey, and Indonesia ranked 1st though 4th, respectively, among top U.S. cotton export destinations. In MY2002/03, almost 60 percent of China's cotton imports came from the U.S. Recent heavy rainfall in eastern China is expected decrease production to 25.5 million bales in 2003/04, which in turn is likely to increase demand for imports to 3.8 million bales (up 800,000 bales from the August forecast). Thus, U.S. exports to China are likely to rise.

TABLE OF CONTENTS

Most statistical tables contained in this circular may be viewed in Adobe Acrobat format ® (.pdf).

Tables

Table 1: World Cotton Supply, Use and Trade, 1998/99-2003/2004 (1,000 metric tons) {.pdf}

Table 2: World Cotton Supply, Use and Trade, 1998/99-2003/2004 (1,000 480-lb. bales) {.pdf}

Table 3: FY 2002 GSM-102 and Supplier Credit Programs {.pdf}

Table 4: Area, Yield, and Production by Country 2002/2003-2003/2004 {.pdf}

Table 5: Cotton Supply & Distribution by Country 2003/2004 (1,000 480-lb. bales) {.pdf}

Table 5-A: Cotton Supply & Distribution by Country 2003/2004 (1,000 metric tons) {.pdf}

Table 6: Cotton Supply & Distribution by Country 2003/2004 (1,000 480-lb. bales) {.pdf}

Table 6-A: Cotton Supply & Distribution by Country, 2003/2004 (1,000 metric tons) {.pdf}

Table 7: Export Sales Summary {.pdf}

Table 8: Northern European Cotton and Adjusted World Price {.pdf}

Table 9: World Cotton Production, Yield, Supply, and Utilization {.pdf}

Table 10: United States Cotton Production, Yield, Supply, and Utilization {.pdf}

Table 11: Foreign Cotton Production, Yield, Supply, and Utilization {.pdf}

Table 13:Summary of Changes 2001/02-2002/2003 (1,000 480-lb. bales) {.pdf}

Most statistical tables are available in Adobe Acrobat and Lotus version 3 format. You may need to GET the Acrobat reader.

Last modified: Tuesday, August 30, 2005