Spinning Sector Overview
SPINNING | WORLD COTTON DYNAMICS
IMPORTS & EXPORTS
•
•
Total world cotton trade remained relatively stable over the last few years and stood
at USD 11.5bln in FY20. In volume terms, ~8.6mln MT cotton was traded in FY20.
China, Vietnam and Bangladesh remained top 3 cotton importers in the world.
Pakistan was the fifth largest importer of cotton in FY20. India has drastically reduced
its cotton imports during last 5 years.
China
Vietnam
Bangladesh
PACRA
World Cotton Imports (USD mln)
Country
FY16
FY17
FY18
FY19
FY20
1,315
1,803
2,820
3,302
2,720
1,384
1,924
2,429
2,063
1,699
869
1,474
1,732
1,690
1,392
Turkey
Pakistan
1,043
1,383
1,243
1,456
1,199
750
805
1,078
767
880
Indonesia
916
1,093
1,285
1,035
852
•
United States is the largest exporter of cotton and represents ~50% of total cotton
exports. US has almost doubled its share in world exports since 2016.
Rest of
World
2,846
3,242
3,479
3,641
2,752
Total
9,122
11,723 14,065
13,955
11,494
World Cotton Exports (USD mln)
•
•
Other than US, Brazil, Australia and India account for ~25% of world cotton exports.
Pakistan's cotton imports grew by ~6.5% p.a. in quantity terms since 2016. The
country's imports increased due to declining local production. Pakistan imported
536,000MT of raw cotton in FY20.
During 2MFY20, Pakistan imported ~75,000MT (2MFY19: ~20,000MT) of cotton
amounting to USD ~120mln (2MFY19: USD ~34mln), a ~317% rise. The extraordinary
increase came on the back of cotton shortage in local market due to heavy rains.
United
States
Country
FY16
FY17
FY18
FY19
FY20
3,113
5,760
6,587
5,891
5,601
Brazil
1,429
956
1,505
2,093
2,032
Australia
922
1,320
1,612
1,823
660
India
1,874
1,657
1,958
1,554
544
Greece
306
380
399
522
490
Benin
232
266
406
487
111
Rest of
1,246
1,384
1,598
1,585
2,056
World
Total
9,122
11,723
14,065
13,955
11,494
11
Source: Trade Map, USDA, PBSView entire presentation