US Department Of Agriculture: Global Cotton Trade Will Increase By 2.2% Annually In The Next Ten Years.
According to the projections issued by the US Department of agriculture, the world cotton trade is expected to grow by 2.2% per year to 2019. In the next ten years, Asia will account for almost all of the world's cotton.
Imported
Growth.
Among them, China's cotton imports are expected to take up.
world
Pakistan will become the world's second largest cotton importer; Turkey's cotton imports will continue to decline; EU, Japan and South Korea will all steadily reduce their cotton imports due to textile trade reforms or higher wage demands in China, which will also drive domestic textile production to pay or other lower cost areas; the US is expected to continue to be the world's leading cotton producer in the next ten years.
Exit
In the United States, the volume of cotton exports in the United States is expected to grow by 24% to 16 million packets by 2019, more than 35% of the world's cotton trade, and the cotton export in sub Saharan Africa is expected to increase by 1/3 in the next ten years.
Globalization is expected to continue to promote the pfer of raw cotton to countries or regions with superior natural conditions and better technological foundations.
Those with
cotton
A wide range of traditional cotton producing countries, including the United States, sub Saharan Africa, India and Brazil, will continue to benefit from the trade situation in the post quota era.
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