Cotton: World Markets and Trade (March 2003)

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.

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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

Table 1: World Cotton Supply, Use and Trade, 1997/98-2002/2003 (1,000 metric tons) {.pdf}
Table 2: World Cotton Supply, Use and Trade, 1997/98-2002/2003 (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 2001/2002-2002/2003 {.pdf}
Table 5: Cotton Supply & Distribution by Country 2002/2003 (1,000 480-lb. bales) {.pdf}
Table 5-A: Cotton Supply & Distribution by Country 2002/2003 (1,000 metric tons) {.pdf}
Table 6: Cotton Supply & Distribution by Country 2002/2003 (1,000 480-lb. bales) {.pdf}
Table 6-A: Cotton Supply & Distribution by Country, 2002/2003 (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}
Table 12: New Independent States Cotton Supply and Demand, MY 1991/92-2002/2003 {.pdf}
Table 13:Summary of Changes 2000/02-2002/2003 (1,000 480-lb. bales) {.pdf}

	Most statistical tables are available in Adobe Acrobat and Lotus version 3 format. You may need to GET the Acrobat reader.
Download the trade tables in Lotus 123 version 3 format. Please note that some versions of Netscape Navigator will change the filename extension; if this happens, you MUST rename the file to .wk3 to access it.

Last modified: Tuesday, August 30, 2005