TextTable

December 2004 Edition:

Pakistan Production and Mill Use Hit Records

According to newly available USDA data, Pakistan’s cotton production and consumption are expected to hit historic highs in MY 2004/05. Production is forecast at 10 million bales, up 29 percent from the previous year. Consumption is forecast at 10.1 million bales, up 5 percent from the previous year.

Pakistan is the fourth largest cotton producer in the world with an average crop of 8 million bales a year. This year’s record crop is mostly due to favorable weather conditions and below average pest infestation. The average yield has reached 1.3 bales per acre which is the highest in recent years.

Pakistan imports about one million bales of cotton per year for its textile and apparel industries. Most imported cotton comes from the United States. The record forecast mill use continues the recent growth trend, which is up 5 percent from last season and 25 percent from 2000/01. Pakistan has aggressively prepared to compete in the world textile and apparel markets. Its apparel and textile exports increased by 116 percent between MY 2001/02 to MY 2003/04. During the same period, Pakistani exports of cotton fabric also grew 26 percent. Many experts believe Pakistan’s low cost of production will allow it to come out a “winner” when quotas governed by the Multi-Fiber Arrangement expire December 31.

Pakistan’s expansion in mill use is likely to continue at least into the near future. Cotton production, however, is more likely to fluctuate, since the current record production is a product of uncontrollable elements such as weather. Pakistan is likely to continue to need imported cotton, especially from the United States.

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	94,779	114,020	20.3%	17,209	18,255	22,815	25.0%
Imports	30,243	33,975	32,260	-5.0%	67	45	40	-11.1%
Use	98,620	98,436	103,286	4.9%	7,273	6,489	6,200	-4.5%
Exports	30,369	33,008	31,978	-3.1%	11,900	13,759	12,500	-9.2%
Ending Stocks	38,177	35,526	46,533	31.0%	5,385	3,506	7,700	119.6%

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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}

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

Last modified: Tuesday, August 30, 2005

World and U.S. Cotton Situation and Outlook

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