TextTable

November 2005 Edition:

Greece's Cotton Exports Rise, More Competition for U.S.

Greece is the largest EU cotton producer and the world’s sixth largest cotton exporter. For 2005/06, production is forecast at 1.9 million bales and exportable supplies are forecast to grow to over 2 million bales, the largest since 2000/01. As Greek cotton production continues to increase and domestic consumption shrinks, Greek exports are forecast to reach 1.45 million bales in 2005/06.

Most Greek cotton exports are destined for Turkey, which in 2003/04 absorbed 33 percent of the total quantity exported. In 2004/05, Greek exports to Turkey grew by 20 percent and account for 50 percent of Greek cotton trade. Although the United States is the largest exporter to the Turkish market, Greece has proven to be a competitive force in the region with its expanding exports and close proximity to Turkey.

Greek exports to traditional markets within the European Union have decreased in recent years while Pakistan and China have emerged as Greek customers. After Turkey, Italy is the second largest market for Greek cotton, importing 139,000 bales in 2004/05, down from 348,000 bales in 2000/01. In 2004/05, Pakistan imported 37,000 bales and China imported 34,000 bales. Because of limited production capacity and proximity to the Turkish market, Greek expansion into these markets will likely be limited.

World and U.S. Cotton Situation and Outlook
Marketing Years 2003/04, 2004/2005, and 2005/06
1,000 480-Lb. Bales
	World				U.S.
	2003/04	2004/2005	2005/2006	% Change 04/05 - 05/06	2003/04	2004/2005	2005/2006	% Change 04/05 - 05/06
Production	95,062	120,407	111,713	-7.2	18,255	23,251	23,161	-0.4
Imports	33,908	32,882	41,416	26.0	45	30	40	33.3
Use	98,090	108,662	114,399	5.3	6,221	6,523	6,000	-8.0
Exports	33,161	34,959	40,815	16.8	13,758	14,409	16,200	12.4
Ending Stocks	40,596	50,825	50,183	1.3	3,506	5,538	6,500	17.4

Download Cotton Supply and Demand Database {.csv}

Download Cotton Circular {.pdf}

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}

Statistical tables are available in Adobe Acrobat. You may need to GET the Acrobat reader.

Last modified: Tuesday, August 30, 2005