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March 2003 Edition:
EU Consumption Continues Slow Decline
The EU is expected to consume 4.37 million bales of cotton in marketing year (MY) 2002/03, down slightly from 4.44 million last MY, but down 21 percent from MY 1992/93. Some of the smaller EU textile countries, such as Finland, Denmark, and Ireland, are believed to have dropped below three thousand bales of annual cotton consumption. The largest three cotton consuming EU countries, Italy, Greece, and Portugal, have held onto, and even increase their share of total EU consumption over the past ten years. The share of EU cotton consumption imported from non-EU countries (primarily Central Asia) has risen slightly. At the same time, cotton exports to non-EU countries (primarily Turkey) have risen faster than EU cotton production.
Compared to other mature markets over the past ten years, EU cotton consumption has fared relatively well. U.S. cotton consumption is down by 26 percent from 1992/93 levels and down 33 percent from the high in 1997/98. Japanese cotton consumption has fallen steadily since 1992/93 and is down 57 percent from ten years ago.
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
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