Cotton: World Markets and Trade (August 2004)

August 2004 Edition:

China Drives U.S. Cotton Exports in 2003/04

The marketing year 2003/04 final U.S. export sales report shows 13.33 million running bales of cotton exported in 2003/04, up 1.85 million running bales or 17 percent from the 2002/03 total. A dramatic increase in exports to China, up 2.9 million running bales, more than offset declines in other markets. Exports to China accounted for more than one-third of the total reported exports.

Exports to Mexico, traditionally the largest U.S. market declined 17.5 percent, as China supplanted Mexico as the top U.S. market. Exports to Mexico in 2003/04 suffered due to continued decline in Mexican mill use, higher domestic production, and large carry-in stocks. Exports to Turkey, the third largest U.S. market in both 2003/04 and 2002/03 were down slightly; in line with Turkey's decrease in total imports. The U.S. maintained the nearly two-thirds market share in the Turkish market it had in the previous two years.

The U.S. maintained the roughly 30 percent market shares seen in Indonesia and Thailand in 2003/04. U.S. exports to Korea and Pakistan were up by about 10 percent in each market. However, U.S. market share in Pakistan declined as Pakistan’s total imports more than doubled, while U.S. market share increased in Korea as total imports declined 15 percent.

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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, 1999/2000-2004/2005 (1,000 metric tons) {.pdf}

Table 2: World Cotton Supply, Use and Trade, 1999/2000-2004/2005 (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 2003/2004-2004/2005 {.pdf}

Table 5: Cotton Supply & Distribution by Country 2004/2005 (1,000 480-lb. bales) {.pdf}

Table 5-A: Cotton Supply & Distribution by Country 2004/2005 (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 (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: Sunday, March 17, 2013