United States Department of Agriculture Cotton: Foreign Agricultural Service World Markets and Trade Circular Series FC-5-06 May 2006 USDA Initial 2006/07 Forecast: Consumption Growth Outpaces Production and Stocks Decline 0 s US ( / ) US ( / ) ( /06) ( /07) ( ( 10,000 20,000 30,000 40,000 50,000 60,000 70,000 Production Ending Stocks Consumption 1,000 480 lbs bale 05 06 06 07 China 05 China 06 ROW 05/06) ROW 06/07) The initial USDA cotton forecast for the 2006/07 marketing year shows world consumption growth out pacing production gains, resulting in a 5.0 million bale (9.5 percent) decline in world stocks. World production is forecast to increase marginally to 115 million bales. The U.S. crop is forecast to decline by 3.2 million bales (13.4 percent) as both harvested area and yield fall from levels seen with the record 2005/06 crop. The U.S. decline is offset by larger crops in China and the rest of the world. The crop in China is forecast to increase by 1.8 million bales (6.9 percent) primarily due to increased area. World trade is expected to remain stable as a larger crop and a slower consumption growth rate stabilizes China’s import demand. China’s imports for 2006/07 are forecast at 20.0 million bales, up only 5 percent. China’s near tripling of imports in 2005/06 drove a 32-percent increase in world trade. For 2006/07 tighter stocks in the U.S. and increased competition from countries such as India result in U.S. exports forecast to decline 2.9 percent from the record 17.0 million bales in 2005/06 to 16.5 million. The forecast increase in China’s imports of 1.0 million bales offsets declining import demand in the rest of the world. World consumption in 2006/07 is expected to increase by just over 4 percent to 122 million bales. China’s consumption is forecast to increase by 9.7 percent to 51.0 million bales. Once again China will account for over 90 percent of the world growth in consumption. Since 1997/98 China has accounted for 92 percent of world consumption growth. Overall China will account for 46 percent of world imports, 42 percent of world consumption and 24 percent of world production. Recent changes in Chinese data on yarn production statistics have complicated estimating Chinese mill use of cotton. (Continued next page.) Approved by the World Agricultural Outlook Board
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United States Department of Agriculture Cotton: Foreign ......May 01, 2006 · 05 06 06 07 China 05 China 06 ROW 05/06) ROW 06/07) The initial USDA cotton forecast for the 2006/07
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United States Department of Agriculture Cotton: Foreign Agricultural Service World Markets and Trade Circular Series FC-5-06 May 2006
USDA Initial 2006/07 Forecast: Consumption Growth Outpaces Production and Stocks Decline
0
s
US ( / ) US ( / )
( /06) ( /07)
( (
10,000
20,000
30,000
40,000
50,000
60,000
70,000
Production Ending Stocks Consumption
1,00
0 48
0 lb
s ba
le
05 0606 07
China 05China 06
ROW 05/06) ROW 06/07)
The initial USDA cotton forecast for the 2006/07 marketing year shows world consumption growth out pacing production gains, resulting in a 5.0 million bale (9.5 percent) decline in world stocks.
World production is forecast to increase marginally to 115 million bales. The U.S. crop is forecast to decline by 3.2 million bales (13.4 percent) as both harvested area and yield fall from levels seen with the record 2005/06 crop. The U.S. decline is offset by larger crops in China and the rest of the world. The crop in China is forecast to increase by 1.8 million bales (6.9 percent) primarily due to increased area.
World trade is expected to remain stable as a larger crop and a slower consumption growth rate stabilizes China’s import demand. China’s imports for 2006/07 are forecast at 20.0 million bales, up only 5 percent. China’s near tripling of imports in 2005/06 drove a 32-percent increase in world trade. For 2006/07 tighter stocks in the U.S. and increased competition from countries such as India result in U.S. exports forecast to decline 2.9 percent from the record 17.0 million bales in 2005/06 to 16.5 million. The forecast increase in China’s imports of 1.0 million bales offsets declining import demand in the rest of the world.
World consumption in 2006/07 is expected to increase by just over 4 percent to 122 million bales. China’s consumption is forecast to increase by 9.7 percent to 51.0 million bales. Once again China will account for over 90 percent of the world growth in consumption. Since 1997/98 China has accounted for 92 percent of world consumption growth. Overall China will account for 46 percent of world imports, 42 percent of world consumption and 24 percent of world production. Recent changes in Chinese data on yarn production statistics have complicated estimating Chinese mill use of cotton. (Continued next page.)
Approved by the World Agricultural Outlook Board
Continued.
However, both recent yarn data and other textile data indicate that the rate of growth in 2006/07 will continue strong, but be lower than in the previous year.
Stocks in China are forecast to tighten even further and ending stocks are expected to be only 11.5 million bales, down 11.7 percent. Estimating stock levels in China remains difficult given the lack of clear historical data and the continued existence of state reserves. However, China’s stocks relative to use continue to fall due in part to improvements in supply chain efficiency and increased reliance on consignment purchases of imported cotton.
Ending stocks in the U.S. are forecast at 4.9 million bales down 24.6 percent from 2005/06. The decline in stocks in the United States, either in percentage decline or stocks-to-use ratio, is significantly larger than for either China or the rest of the world. This is due to the relatively high stock-to-use ratio seen in the U.S. in 2005/06.
World and U.S. Cotton Situation and Outlook Marketing Years 2004/05, 2005/06, and2006/07
J. Lawrence Blum, Director Patrick Packnett, Deputy Director for Analysis
Peter W. Burr, Group Leader, Cotton and Tobacco
Principle Contributors
Pete Burr ............................................................................................................ Group Leader [email protected]
James Johnson.......................................................................................Senior Cotton Analyst [email protected]
Hooshang Fazel..............................Analyst, Middle East, Sub-continent, and Southeast Asia [email protected]
Keith Scearce ........................................................ Analyst, Europe and Western [email protected]
This circular, and other information, can be found at the FAS/COTS Division Internet site: http://www.fas.usda.gov/cots/cotton.html
Page 3, May 2006
List of Tables
Summary of Changes (1,000 480-lb. bales)................................................................................ 4
Table 1. World Cotton Supply, Use and Trade 2000/01-2005/06 (1,000 metric tons) ...... 6 Table 2. World Cotton Supply, Use and Trade 2000/01-2005/06 (1,000 480-lb. bales) ... 7 Table 3. FY 2005 GSM-102 and Supplier Credit Programs .............................................. 8 Table 4. Area, Yield, and Production 2004/05-2005/06 .................................................... 9 Table 5. Cotton Supply & Distribution by Country 2005/06 (1,000 480-lb. bales)......... 10 Table 5-A. Cotton Supply & Distribution by Country 2005/06 (1,000 metric tons)............ 12 Table 6. Cotton Supply & Distribution by Country 2004/05 (1,000 480-lb. bales)......... 14 Table 6-A. Cotton Supply & Distribution by Country 2004/05 (1,000 metric tons)............ 16 Table 7. U.S. Export Sales Summary ............................................................................... 18 Table 8. Northern European Cotton and Adjusted World Price....................................... 19 Table 9. World Cotton Production, Yield, Supply, and Utilization ................................. 20 Table 10. United States Cotton Production, Yield, Supply, and Utilization ...................... 21 Table 11. Foreign Cotton Production, Yield, Supply, and Utilization ............................... 22
Page 4, May 2006
Summary of Changes in Estimates and Forecasts from Last Month (1,000 480 lb Bales and 1,000 Ha)
Marketing Year Area
Harvested Yield Kg/Ha
Beginning Stocks Production Imports Use Loss Exports
Ending Stocks
Australia
2005/2006 0 70 0 100 0 0 0 250 -150
Benin
2005/2006 -85 26 0 -125 0 0 0 -125 0
Brazil
2005/2006 0 0 0 0 -50 0 0 0 -50
Canada
2004/2005 0 0 0 0 0 -10 0 0 10
2005/2006 0 0 10 0 -125 -110 0 0 -5
China; Peoples Republic of
2005/2006 0 0 0 0 750 1,000 0 0 -250
Colombia
2005/2006 -20 174 0 -20 20 0 0 0 0
Egypt
2005/2006 0 -20 0 -25 0 0 0 -25 0
France
2005/2006 0 0 0 0 -20 -15 0 0 -5
Germany
2005/2006 0 0 0 0 -25 -10 0 0 -15
India
2005/2006 0 0 0 0 -100 -500 0 400 0
Italy
2005/2006 0 0 0 0 -25 -25 0 0 0
Japan
2005/2006 0 0 0 0 -20 -15 0 0 -5
Korea; Republic of
2004/2005 0 0 0 0 0 25 0 0 -25
2005/2006 0 0 -25 0 0 0 0 0 -25
Mali
2005/2006 -20 -4 0 -50 0 0 0 -25 -25
Mexico
2005/2006 0 0 0 0 200 0 0 50 150
Mozambique
2005/2006 41 29 0 55 0 0 0 40 15
Paraguay
2005/2006 -25 -58 0 -100 0 0 0 -100 0
Philippines
2005/2006 0 0 0 0 -10 -10 0 0 0
Page 5, May 2006
2004/20052005/2006
Summary of Changes in Estimates and Forecasts from Last Month (1,000 480 lb Bales and 1,000 Ha)
Marketing Year Area
Harvested Yield Kg/Ha
Beginning Stocks Production Imports Use Loss Exports
Total for all Commodities Cotton Reg 1/, 2/ Cotton Reg 1/, 3/
Announced Allocation
Application received Balance YTD YTD Total
Central America 4/ 300.00 117.30 182.70 3.90 7.00 12.10 India (36) 25.00 - 25.00 - 0.00 0.00 Indonesia - - - - 0.00 -South Korea (36) 400.00 112.00 288.00 25.50 38.00 58.90 Mexico (36) 200.00 2.90 197.10 - 39.40 41.40 South America Region 6/ 700.00 17.50 682.50 6.00 17.60 20.80 Turkey 500.00 123.60 376.40 59.30 124.30 200.40 Other 1,675.00 510.80 1,164.20 - 0.00 22.20 TOTAL 3,800.00 884.10 2,915.90 94.70 226.30 355.80
FY 2006 Supplier Credit Guarantee Program (S CGP) Activity S ummary (Million $ U.S.)
FY 2006 YTD FY 2006 FY 2005
Country (days)
Total for all Commodities Cotton Reg 1/, 2/ Cotton Reg 1/, 3/
Announced Allocation
Application received Balance YTD YTD Total
Central America 4/ - - - - 0.00 -India - - - 0.00 -Mexico - - - 1.76 18.90 Middle East Region 5/ - - - - 0.55 0.61 South America Region 6/ - - - - 1.97 7.43 Turkey - - - 0.00 -Caribbean Region 7/ - - - - 0.00 -Other - - - - 0.00 -TOTAL - - - - 4.28 26.94
1/ Includes Cotton, Cotton Linters, Cotton Yarn, and Cotton Fabric.2/ Total Cotton Registrations includes registrations and/or cancellations from Oct 1, 2005.3/ Total Cotton Registrations includes registrations and/or cancellations from Oct 1, 2004.4/ Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama
5/ Bahrain, Egypt, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, United Arab Emirates6/ Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Peru, and Venezuela
7/ Barbados, British Virgin Islands, Cayman Islands, Dominican Republic, Grenada, Haiti, Jamaica,Netherlands Antilles, St. Lucia, St. Vincent and the Grenadines, and Trinidad and Tobago
NOTES :
As of May 12, 2006 no allocations have been announced for the S upplier Credit Guarantee Program for FY 2006. Registrations current as of April 21, 2006 May-06
Page 9, May 2006
Table 4 Cotton Area, Yield, and Production
World and Selected Countries and Regions Area (1,000 Ha) Yield (KG/Ha) Production (1,000 Bales)
World Total 54,287 113,407 44,086 211,780 117,204 -1,334 43,495 52,415
* Loss for countries outside the United States reflects cotton lost or destroyed while in the marketing channel. For the United States, loss reflects the difference between stocks as reported by the Bureau of the Census and implict stocks based on supply plus total use. A negative "loss" is a positive number.
Page 12, May 2006
0
1 97
36
8 2 7 1
164
247 1
499
145 337
132
529 90
1
9
206
Table 5A
2005/2006Cotton Production, Supply and Distribution by Country
1,000 Metric Tons MY
Afghanistan Beg. Stocks UseTotal Supply Imports Production
World Total 11,820 24,692 9,599 46,110 25,518 -290 9,470 11,412
* Loss for countries outside the United States reflects cotton lost or destroyed while in the marketing channel. For the United States, loss reflects the difference between stocks as reported by the Bureau of the Census and implict stocks based on supply plus total use. A negative "loss" is a positive number.
Page 14, May 2006
0
0 21
8 4
8
2 0 2 0
36
54 0
109
32 73
29
115 20
3
0 283
7
2 65 45
110
Table 6
2004/2005Cotton Production, Supply and Distribution by Country
(1,000 480 lb Bales) MY
Afghanistan Beg. Stocks UseTotal Supply Imports Production
World Total 43,097 120,497 33,294 196,888 108,912 -1,081 34,770 54,287
* Loss for countries outside the United States reflects cotton lost or destroyed while in the marketing channel. For the United States, loss reflects the difference between stocks as reported by the Bureau of the Census and implict stocks based on supply plus total use. A negative "loss" is a positive number.
Page 16, May 2006
0
1 102
36
8 2
1
174
310 1
499
195 232
147
529 135
1
9
161
Table 6A
2004/2005Cotton Production, Supply and Distribution by Country
1,000 Metric Tons MY
Afghanistan Beg. Stocks UseTotal Supply Imports Production
World Total 9,383 26,235 7,249 42,868 23,713 -235 7,570 11,820
* Loss for countries outside the United States reflects cotton lost or destroyed while in the marketing channel. For the United States, loss reflects the difference between stocks as reported by the Bureau of the Census and implict stocks based on supply plus total use. A negative "loss" is a positive number.
Page 18, May 2006
0
0 22
4
8
2 0 3 0
38
67 0
109
42 51
32
29
3
0 283
7
2 69 35
Table 7
U.S. Export Sales Summary MY 2005/06
(1,000 Running Bales)
Monthly Net Sales
Current Marketing Year 06-Apr-06 through 27-Apr-06
---------Upland---------Pima All Upland >1-1/16" 1" to 1-1/16" < 1"
European Union - 25 0.0 0.2 -0.4 0.7 0.0 Other Europe 0.0 74.0 29.9 39.4 4.7 Eastern Europe 0.0 0.0 0.0 0.0 0.0 Former Soviet Union - 12 0.0 0.0 0.0 0.0 0.0 Japan 3.3 7.7 7.7 0.0 0.0 Taiwan -0.7 15.0 12.5 2.1 0.4 China 3.2 416.9 366.7 50.2 0.0 Korea, Republic of 0.2 -6.4 -6.1 -0.3 0.0 India 2.1 4.5 4.5 0.0 0.0 Other Asian and Oceania 5.5 74.6 73.8 0.8 0.0 Africa 0.0 0.0 0.0 0.0 0.0 Western Hemisphere 0.7 58.7 51.7 6.9 0.0 Unknown 0.0 2.6 2.6 0.0 0.0
3-week TOTAL 14.3 647.9 542.9 99.8 5.1 Weekly Net Sales Average 4.8 216.0 181.0 33.3 1.7
Previous Marketing Year07-Apr-05 through 28-Apr-05
---------Upland---------
Pima All Upland >1-1/16" 1" to 1-1/16" < 1"
3-week TOTAL 5.4 731.1 606.1 120.1 4.8 Weekly Net Sales Average 1.8 243.7 202.0 40.0 1.6
Note: T otals may not add due to rounding. Source: USDA/FAS May-06
All Cotton Totals, Marketing Year-YTD
Current MY as of Previous MY as of 27-Apr-06 28-Apr-05
Monthly Average August 2004 53.56 September 2004 56.57 October 2004 52.68 November 2004 49.21 December 2004 48.60 January 2005 51.28 February 2005 52.17 March 2005 56.40 April 2005 56.95 May 2005 55.84 June 2005 53.99 July 2005 55.06 August 2005 54.07 September 2005 54.86 October 2005 58.37 November 2005 56.83 December 2005 56.53 January 2006 59.10 February 2006 60.75 March 2006 59.22
1. The Cotlook Northern Europe quote is the average of the five lowest quotes of the following descriptions (all 1-3/32"): Memphis Terr.; Calif. Ariz; Mexico; Central America; Paraguayan; Turkish; Uzbeki; Pakistani 1503; Indian H-4; Chinese Type 329; West African; Tanzanian; Greek; Syrian; and Australian. Prior to 1 August 2004, was refered to as the "A-Index"
2. Reflects incorporation of forward shipment quotations but does not include the Secretary's discretionary adjustments Averages for August 1998 and forward reflect 1998/99 quotations; others are 1997/98 quotations SOURCE: Cotlook, Ltd. United Kingdom
Page 20, May 2006
Table 9 World Cotton Production, Yield, Supply and Utilization
(1,000 480-Lb. Bales, 1961/1962-2005/2006) Marketing 1,000 Yield Begining Production Imports Total Consu Loss Exports Ending
Year Hectares Kg/Ha Stocks Supply mption Stocks
44,566 19,181-19315,986 44,804299/1962 32,420
46,989 23,033-30916,472 43,990322/1963 31,761
50,815 26,048-18417,790 47,786337/1964 32,852
53,746 29,001017,370 51,225349/1965 33,526
56,949 32,550-26017,133 53,827372/1966 33,288
52,260 28,4541518,009 56,043365/1967 31,168
51,560 23,581-917,368 56,192363/1968 30,923
56,893 23,9763516,935 56,368388/1969 31,913
54,326 22,390-9517,698 55,970364/1970 32,461
55,572 21,8451424,612 57,133380/1971 31,803
59,152 22,449124,669 58,381390/1972 33,023
61,867 24,487-10927,377 59,499402/1973 33,541
62,478 27,1586326,744 60,268414/1974 32,846
63,817 33,35211123,824 57,041415/1975 33,509
53,975 25,90114526,286 61,600393/1976 29,874
56,527 22,38013824,931 60,238403/1977 30,535
63,908 25,63730827,120 61,022414/1978 33,576
59,496 21,856-7627,129 63,229394/1979 32,904
65,446 21,2321030,506 65,904442/1980 32,219
63,381 20,613-3327,253 65,021426/1981 32,368
68,839 25,83823925,698 63,309455/1982 32,933
66,332 25,45430226,071 66,970460/1983 31,394
66,277 24,28149627,059 68,680467/1984 30,920
88,706 42,12647427,629 70,816573/1985 33,734
80,153 47,60025228,981 75,330553/1986 31,584
70,359 35,42817933,093 82,095522/1987 29,353
81,446 32,62053430,529 84,146574/1988 30,871
84,220 31,06164233,582 85,238543/1989 33,767
79,716 24,98423432,703 86,905550/1990 31,559
87,141 27,44917030,578 85,524572/1991 33,160
95,295 36,95836829,022 86,192596/1992 34,786
82,307 34,4476327,053 86,332549/1993 32,642
77,646 27,69114327,951 85,550550/1994 30,710
86,254 31,892-33030,287 84,513583/1995 32,199
93,723 40,005-54426,997 85,790567/1996 35,977
90,028 44,597-58528,602 87,760581/1997 33,744
92,234 49,351-58125,928 87,267595/1998 33,774
85,501 52,16224,480 84,760566/1999 32,894
87,719 50,206-60227,976 91,058592/2000 32,274
88,850 48,07326,207 92,159604/2001 32,026
98,751 53,735-78129,439 94,298637/2002 33,730
88,251 44,225-75430,090 98,280631/2003 30,449
95,262 43,097-79534,060 97,995643/2004 32,266
54,28733,294732/2005 35,840
52,41544,086713/2006 34,655
18,875 15,635 79,427 1961
19,181 15,928 82,642 1962
23,033 17,988 91,638 1963
26,048 16,938 97,164 1964
29,001 16,966 103,083 1965
32,550 18,307 102,819 1966
28,456 17,620 97,384 1967
23,581 17,030 97,409 1968
23,976 17,735 96,000 1969
22,390 23,582 102,574 1970
21,845 24,835 105,666 1971
22,449 27,816 111,693 1972
24,487 26,220 113,709 1973
27,158 24,295 114,799 1974
33,352 25,967 113,613 1975
25,901 24,603 107,359 1976
22,380 26,441 113,408 1977
25,637 27,253 112,262 1978
21,856 30,662 117,808 1979
21,232 26,265 111,866 1980
20,613 25,764 115,150 1981
25,838 25,515 118,241 1982
25,454 25,333 118,790 1983
24,281 27,200 140,616 1984
42,126 28,078 151,260 1985
47,600 33,350 151,052 1986
35,428 30,103 147,403 1987
32,620 33,481 150,422 1988
31,061 31,357 143,480 1989
24,984 29,560 142,703 1990
27,449 28,248 151,766 1991
36,957 25,475 146,317 1992
34,447 26,660 140,044 1993
27,691 28,157 144,232 1994
31,892 27,361 152,612 1995
40,005 26,863 158,635 1996
44,597 26,722 162,759 1997
49,351 -1,114 23,524 159,332 1998
52,162 27,195 167,857 1999
50,206 -1,364 26,395 165,263 2000
48,073 29,011 176,263 2001
53,735 30,325 172,076 2002
44,225 33,250 173,547 2003
43,097 120,497 -1,081 108,912 34,770 196,888 2004
54,287 113,407 -1,334 117,204 43,495 211,780 2005
Note: Beginning with 1970/71, world and foreign import and export totals were expanded to include trade among the 12 countries of the former Soviet Union and the 3 Baltic states.
Page 21, May 2006
Table 10 United States Cotton Production, Yield, Supply and Utilization
(1,000 480-Lb. Bales, 1961/1962-2005/2006) Marketing 1,000 Yield Begining Production Imports Total Consu Loss Exports Ending
Year Hectares Kg/Ha Stocks Supply mption Stocks
14,283 7,699-280153 9,017492/1962 6,327
14,827 11,136-386137 8,484512/1963 6,301
15,294 12,351-257135 8,696579/1964 5,752
15,144 14,249-92118 9,261580/1965 5,689
14,951 17,028-341118 9,596591/1966 5,510
9,555 12,344-62105 9,574538/1967 3,866
7,443 6,584-86149 9,077501/1968 3,236
10,925 6,544-12468 8,332579/1969 4,112
9,990 5,843-24952 8,114486/1970 4,474
10,192 4,203-23237 8,204492/1971 4,514
10,477 3,258-15072 8,259491/1972 4,643
13,704 4,221-30534 7,769568/1973 5,255
12,974 3,808-16048 7,472583/1974 4,844
11,540 5,708-11234 5,860494/1975 5,086
8,302 3,681-14092 7,250508/1976 3,560
10,581 2,928-8638 6,674522/1977 4,417
14,389 5,34785 6,483583/1978 5,372
10,856 3,958-2834 6,352471/1979 5,018
14,629 3,000-1435 6,506613/1980 5,193
11,122 2,668-33528 5,891453/1981 5,348
15,646 6,632-12326 5,264608/1982 5,601
11,963 7,937-4220 5,513661/1983 3,939
7,771 2,77523812 5,921569/1984 2,973
12,982 4,102-7424 5,538673/1985 4,200
13,432 9,348-15433 6,413706/1986 4,140
9,731 5,026-803 7,452618/1987 3,427
14,760 5,771-1822 7,617792/1988 4,059
15,411 7,0921655 7,782694/1989 4,835
12,196 3,000-1632 8,759688/1990 3,860
15,505 2,344-2854 8,657711/1991 4,748
17,614 3,704813 9,613731/1992 5,245
16,218 4,662-1901 10,250785/1993 4,501
16,134 3,530-86 10,418679/1994 5,173
19,662 2,650-3820 11,198794/1995 5,391
17,900 2,60927408 10,647602/1996 6,478
18,942 3,971-8403 11,126791/1997 5,216
18,793 3,8874113 11,349754/1998 5,425
13,918 3,939-394439 10,401701/1999 4,324
16,968 3,91514597 10,194680/2000 5,433
17,188 6,000-48316 8,862708/2001 5,282
20,303 7,44818021 7,696790/2002 5,596
17,209 5,38516667 7,273746/2003 5,025
18,255 3,50620045 6,221818/2004 4,858
23,251 5,53814629 6,693958/2005 5,284
23,890 6,500-4230 6,000931/2006 5,586
7,056 5,056 21,492 1961
7,699 3,429 22,663 1962
11,136 5,775 26,565 1963
12,351 4,195 27,613 1964
14,249 3,035 29,318 1965
17,028 4,832 26,688 1966
12,344 4,361 19,936 1967
6,584 2,825 17,577 1968
6,544 2,878 16,586 1969
5,843 3,897 16,072 1970
4,203 3,385 14,752 1971
3,258 5,311 16,996 1972
4,221 6,123 17,243 1973
3,808 3,926 15,382 1974
5,708 3,311 14,102 1975
3,681 4,784 14,300 1976
2,928 5,484 17,322 1977
5,347 6,180 16,207 1978
3,958 9,229 18,592 1979
3,000 5,926 14,150 1980
2,668 6,567 18,340 1981
6,632 5,207 18,615 1982
7,937 6,786 15,720 1983
2,775 6,215 15,781 1984
4,102 1,960 17,567 1985
9,348 6,684 19,082 1986
5,026 6,582 19,788 1987
5,771 6,148 21,187 1988
7,092 7,694 19,290 1989
3,000 7,793 18,509 1990
2,344 6,646 19,971 1991
3,704 5,201 19,923 1992
4,662 6,862 20,802 1993
3,530 9,402 23,212 1994
2,650 7,675 20,958 1995
2,609 6,865 21,954 1996
3,971 7,500 22,777 1997
3,887 4,298 18,244 1998
3,939 6,750 21,004 1999
3,915 6,740 21,119 2000
6,000 11,000 26,324 2001
7,448 11,900 24,724 2002
5,385 13,758 23,685 2003
3,506 14,409 26,786 2004
5,538 17,000 29,458 2005
Note: Beginning with 1970/71, world and foreign import and export totals were expanded to include trade among the 12 countries of the former Soviet Union and the 3 Baltic states.
Page 22, May 2006
Table 11 Foreign Cotton Production, Yield, Supply and Utilization
(1,000 480-Lb. Bales, 1961/1962-2005/2006) Marketing 1,000 Yield Begining Production Imports Total Consu Loss Exports Ending
Year Hectares Kg/Ha Stocks Supply mption Stocks
30,283 11,4828715,833 35,787253/1962 26,093
32,162 11,8977716,335 35,506275/1963 25,461
35,521 13,6977317,655 39,090285/1964 27,101
38,602 14,7529217,252 41,964302/1965 27,837
41,998 15,5228117,015 44,231329/1966 27,778
42,705 16,1107717,904 46,469341/1967 27,302
44,117 16,9977717,219 47,115347/1968 27,687
45,968 17,43215916,867 48,036360/1969 27,801
44,336 16,54715417,646 47,856345/1970 27,988
45,380 17,64224624,575 48,929362/1971 27,289
48,675 19,19115124,597 50,122373/1972 28,380
48,163 20,26619627,343 51,730371/1973 28,286
49,504 23,35022326,696 52,796385/1974 28,002
52,277 27,64422323,790 51,181400/1975 28,423
45,673 22,22028526,194 54,350378/1976 26,314
45,946 19,45222424,893 53,564383/1977 26,118
49,519 20,29030027,115 54,539382/1978 28,204
48,640 17,89820727,125 56,877380/1979 27,886
50,817 18,23215330,501 59,398409/1980 27,026
52,259 17,94530227,225 59,130421/1981 27,020
53,193 19,20636225,672 58,045424/1982 27,332
54,369 17,51734426,051 61,457431/1983 27,455
58,506 21,50625827,047 62,759456/1984 27,947
75,724 38,02454827,605 65,278558/1985 29,534
66,721 38,25240628,948 68,917529/1986 27,444
60,628 30,40225933,090 74,643509/1987 25,926
66,686 26,84971630,527 76,529542/1988 26,812
68,809 23,96947733,577 77,456518/1989 28,932
67,520 21,98439732,701 78,146531/1990 27,699
71,636 25,10545530,574 76,867549/1991 28,412
77,681 33,25436029,009 76,579573/1992 29,541
66,089 29,78525327,052 76,082511/1993 28,141
61,512 24,16115127,945 75,132524/1994 25,537
66,592 29,242-29230,267 73,315541/1995 26,808
75,823 37,396-57126,589 75,143560/1996 29,499
71,086 40,626-57728,199 76,634543/1997 28,528
73,441 45,464-62225,915 75,918564/1998 28,349
71,583 48,223-72024,041 74,359546/1999 28,570
70,751 46,291-74727,879 80,864574/2000 26,841
71,662 42,073-88126,191 83,297583/2001 26,744
78,448 46,287-96129,418 86,602607/2002 28,134
71,042 38,840-92030,023 91,007608/2003 25,424
77,007 39,591-99534,015 91,774612/2004 27,408
97,246 48,74933,265693/2005 30,556
89,517 45,91544,056670/2006 29,069
11,819 10,579 57,935 1961
11,482 12,499 59,979 1962
11,897 12,213 65,073 1963
13,697 12,743 69,551 1964
14,752 13,931 73,765 1965
15,522 13,475 76,131 1966
16,112 13,259 77,448 1967
16,997 14,205 79,832 1968
17,432 14,857 79,414 1969
16,547 19,685 86,502 1970
17,642 21,450 90,914 1971
19,191 22,505 94,697 1972
20,266 20,097 96,466 1973
23,350 20,369 99,417 1974
27,644 22,656 99,511 1975
22,220 19,819 93,059 1976
19,452 20,957 96,086 1977
20,290 21,073 96,055 1978
17,898 21,433 99,216 1979
18,232 20,339 97,716 1980
17,945 19,197 96,810 1981
19,206 20,308 99,626 1982
17,517 18,547 103,070 1983
21,506 20,985 124,835 1984
38,024 26,118 133,693 1985
38,252 26,666 131,970 1986
30,402 23,521 127,615 1987
26,849 27,333 129,235 1988
23,969 23,663 124,190 1989
21,984 21,767 124,194 1990
25,105 21,602 131,795 1991
33,253 20,274 126,394 1992
29,785 19,798 119,242 1993
24,161 18,755 121,020 1994
29,242 19,686 131,654 1995
37,396 19,998 136,681 1996
40,626 19,222 139,982 1997
45,464 19,226 141,088 1998
48,223 20,445 146,853 1999
46,291 19,655 144,144 2000
42,073 18,011 149,939 2001
46,287 18,425 147,352 2002
38,840 19,492 149,862 2003
39,591 -1,227 102,219 20,361 170,102 2004
48,749 -1,292 111,204 26,495 182,322 2005
Note: Beginning with 1970/71, world and foreign import and export totals were expanded to include trade among the 12 countries of the former Soviet Union and the 3 Baltic states.