Despite Reductions from China, World Cotton Imports Rising

KANSAS CITY, MO – World cotton imports will reach 44.4 million bales, nearly 4.5 percent above last season, according to recent estimates from USDA. If realized, this will represent the highest import level since 2013’s record of 47.6 million bales. Global cotton imports are forecast to rise for the fourth consecutive season in 2020, as increases are expected in many non-cotton-producing countries as well as some producing countries. Although China, a major producer, is projected as the leading importer in 2020, imports are expected below a year ago as cotton mill use there is forecast to decline for the second consecutive season. In contrast, all other major importers are expected to increase imports this season. For Bangladesh and Vietnam, higher cotton imports are seen supporting the recent textile and apparel industry expansion. At the same time, according to the Economic Research Service, Pakistan is expected to record record-high imports to help sustain its spinning industry.