TextTable

January 2006 Edition:

U.S. Share of Turkey's Imports May Rise

Turkey’s cotton imports and mill use are forecast at a record 7.1 and 3.5 million 480-lb bales, respectively, in 2005/06 MY, marginally above 2004/05 MY. Turkey is the world’s second largest cotton importer and second largest market for U.S. exports. The United States is Turkey’s primary cotton supplier with an import market share of about 61 percent for 2004/05. Export activity to date suggests that the U.S. will maintain or improve market share in 2005/06.

So far in 2005/06 (through December 29th), more than 577,000 bales of U.S. cotton were exported to Turkey, up 41 percent from the same period in 2004/05. Most of Turkey’s increase in imports, as suggested by (August – November 2005) data, was U.S. cotton, driving up the U.S. market share from 55 percent to 65 percent. Although the market share for Greece, the second largest cotton supplier to Turkey, has faded from 30 percent to 17 percent over the same period, near record exportable cotton supplies will likely help push Greek exports to Turkey higher in the second half of 2005/06.

The growth seen in Turkey’s cotton imports is mostly due to government action to stop the in-flow of low-priced yarn and fabric from the FSU and Asian countries. Additionally, a strong lira and new protocol expanding a preferential customs union to the ten newest members of the EU will continue to support local mill use and the country’s dependence on cotton imports.

World and U.S. Cotton Situation and Outlook
Marketing Years 2003/04, 2004/2005, and 2005/06
1,000 480-Lb. Bales
	World				U.S.
	2003/04	2004/2005	2005/2006	% Change 04/05 - 05/06	2003/04	2004/2005	2005/2006	% Change 04/05 - 05/06
Production	95,262	120,377	112,356	-6.7	18,255	23,251	23,719	2.0
Imports	33,900	33,133	41,996	26.7	45	29	40	37.9
Use	98,080	108,647	115,244	6.1	6,221	6,693	6,000	-10.4
Exports	33,245	34,695	41,435	19.4	13,758	14,409	16,400	13.8
Ending Stocks	40,717	51,616	50,774	-1.6	3,506	5,538	6,900	24.6

Download Cotton Supply and Demand Database {.csv}

Download Cotton Circular {.pdf}

TABLE OF CONTENTS

Statistical tables contained in this circular may be viewed in Adobe Acrobat format ® {.pdf}.

Tables

Summary of Changes (1,000 480-lb. bales) {.pdf}

Table 1: World Cotton Supply, Use and Trade, 2000/2001-2005/2006 (1,000 metric tons) {.pdf}

Table 2: World Cotton Supply, Use and Trade, 2000/2001-2005/2006 (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 2004/2005-2005/2006 {.pdf}

Table 5: Cotton Supply & Distribution by Country 2005/2006 (1,000 480-lb. bales) {.pdf}

Table 5-A: Cotton Supply & Distribution by Country 2005/2006 (1,000 metric tons) {.pdf}

Table 6: Cotton Supply & Distribution by Country 2004/2005 (1,000 480-lb. bales) {.pdf}

Table 6-A: Cotton Supply & Distribution by Country, 2004/2005 (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}

Statistical tables are available in Adobe Acrobat. You may need to GET the Acrobat reader.

Last modified: Sunday, March 17, 2013