TextTable

November 2004 Edition:

Strong Growth in Yarn Production Boosts China’s Cotton Consumption

The forecast for cotton consumption in China for 2004/05 was raised to 36.0 million bales, up 1.25 million bales. The increase is based mainly on strong total yarn production growth. For the Aug-Oct 2004 period, total yarn production was reported at 2.87 million mt, up 18.0 percent from the same period last year.

In 2003/04 relatively high cotton prices early in the year made cotton less competitive with man-made fibers and appears to have hurt cotton’s share of total yarn production. The estimate for 2003/04 cotton consumption was revised down slightly to 32.0 million bales as recent evidence suggests that cotton’s share was lower than previously estimated. Cotton’s share of total yarn production has been declining in China, as shown by the stronger growth in total yarn production than cotton consumption over the last decade, but is likely to rebound in calendar 2005 with more abundant Chinese and world supplies. China does not publish official cotton yarn production statistics nor are there official estimates for cotton’s share of total yarn production.

Revisions were also made to historical China stock estimates, for specific data please see information inside this Circular.

World and U.S. Cotton Situation and Outlook
Marketing Years 2002/03, 2003/04 and 2004/2005
1,000 480-Lb. Bales
	World				US
	2002/03	2003/04	2004/2005	% Change 2003/04 -2004/05	2002/03	2003/04	2004/2005	% Change 2003/04 -2004/05
Production	88,309	94,719	111,725	18.0%	17,209	18,255	22,545	23.5%
Imports	30,243	34,080	32,460	-4.8%	67	45	40	-11.1%
Use	98,620	98,506	102,931	4.5%	7,273	6,489	6,100	-6.0%
Exports	30,369	33,023	32,163	-2.6%	11,900	13,759	12,500	-9.2%
Ending Stocks	38,177	35,486	44,553	25.6%	5,385	3,506	7,500	113.9%

Download the entire circular.

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, 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}

Revised Historical Data for China {.pdf}

Most statistical tables are available in Adobe Acrobat and Lotus version 3 format. You may need to GET the Acrobat reader.

Last modified: Tuesday, October 21, 2003

World and U.S. Cotton Situation and Outlook

Marketing Years 2002/03, 2003/04 and 2004/2005