Chinese Cotton Imports Slow But Global Demand Grows

KANSAS CITY, MO – For 2019, increased imports are expected in many non-cotton-producing countries, as well as some producing ones. Although China—a major producer—is projected as the leading importer in 2019, its upcoming imports are expected to be below those from a year ago, as cotton mill use in China is forecast to decline for the second consecutive year. In contrast, all other major importers are anticipated to secure additional imports this year. For Bangladesh and Vietnam, higher cotton imports are seen as supporting the recent textile and apparel industry expansion. At the same time, Pakistan’s production is expected to drop to a three-decade-low resulting in record-high cotton imports. Meanwhile, higher imports are also forecast for Turkey and others in 2019. In fact, global cotton imports are forecast by the USDA to rise for the fourth consecutive year to 43.8 million bales, nearly 4 percent (1.6 million bales) above last year’s volume. The growing trend is significant for the United States, as more than 80 percent of U.S. cotton production is exported, with a worldwide share at 38 percent. If realized, 2019’s forecast would be at its highest level since 2012’s record of 47.6 million bales.