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