February 2004 Edition:

Pakistan Cotton Imports Forecast a Record High in 2003/04

This month, USDA increased Pakistan’s cotton import forecast for MY 2003/04 by 350,000 bales to 1.9 million bales, making Pakistan the third largest cotton importer in the world. The 1.9 million bales would be an all time record for Pakistan cotton imports, and nearly double last year’s total. 

The United States is a major cotton exporter to Pakistan. From January to November 2003, U.S. exported more than 500,000 bales of cotton to this country, making it the seventh largest market for U.S. cotton. 

In recent years, Pakistan mill use has shown strong growth mainly due to export-oriented textile industries. Pakistan's textile and apparel industries have shown a strong performance in the world market, and its cotton yarn exports reached a record in December. According to Pakistan's Federal Bureau of Statistics cotton fabric exports in 2003 exceeded 2 billion square meters (2.24 billion square yards), showing a 0.2 percent growth over a year ago. Both knitwear and bed wear exports, with growth rates of 32.3 percent and 23.9 percent, respectively, reached new records in 2003. 

Pakistan’s production has not kept paste with consumption, fueling the need for more cotton imports. Spinners are mostly interested in high-grade longer staple cottons. Reports indicate that high-grade lots are traded as high as 71.11 cents per pound for F.O.B. gin yard.

Download the entire circular.

TABLE OF CONTENTS

U.S. Cotton Outlook
World Cotton Outlook
Cotton Prices
U.S. Cotton Highlights

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}

Last modified: Tuesday, August 30, 2005