US Net Imports Of Textiles And Clothing Increased In 2010

In the 2010 calendar year, net imports of textiles and clothing fibers in the United States increased.

Meanwhile, exports of fiber products increased to 3 billion 600 million pounds, up from the 15 year low in 2009.

As a result, net imports of fiber products reached 14 billion 900 million pounds in 2010, an increase of 13% over 2009 and the second largest import in history.

Cotton products still occupy the largest proportion of the net trade of textiles, though the gap between cotton and man-made fibers has narrowed slightly.

In 2010, cotton products accounted for 54% of all products, while 56% in 2009.

US cotton supply and demand remain unchanged

In 2010/11, cotton production in the United States is still estimated at 18 million 300 thousand bales (17 million 800 thousand bags of upland cotton and 498000 bags of extra long staple cotton), compared with 12 million 200 thousand packages last year.

The US Department of agriculture will release the final estimate of us output in 2010 in May 11th.

According to the current output forecast and inventory at the beginning of the 3 million pack, the total cotton supply reached 21 million 300 thousand packs this year, up 15% from last year, the lowest level since 1990.

The March report shows that the US cotton demand forecast has not been adjusted, and the total US cotton demand is expected to be close to 19 million 400 thousand packages, the highest demand in five years.

The amount of cotton mill in the United States is expected to be 3 million 600 thousand packs in 2010/11, larger than last year's 3 million 500 thousand packs, while exports are expected to be close to 15 million 800 thousand packs, an increase of 31% over 2009/10.

In the first half of this sales year, the American textile mill consumes about 1 million 900 thousand bags.

In the first 7 months of this year, the United States

Stock is still tight; annual average price range narrowed.

Since demand for cotton in the US will exceed production in 2010/11, inventories are expected to decline for third consecutive years.

The US final inventory is currently forecast to be 1 million 900 thousand packs, 1 million less than last year, much lower than the 10 million 100 thousand package level in 2007/08.

In addition, inventory is expected to be the lowest level since 1924, and the inventory to consumption ratio is 10%, a record low.

Therefore, the price of upland cotton farms has been greatly improved this year due to the price of futures.

At the beginning of the year, the farm price was 77 cents / pound, but by mid February, the price climbed to 88 cents, and the average cotton contract in February was 1.85 dollars per pound.

In 2010/11, farm prices are currently forecast for an average of 80-83 cents per pound, compared with an average of 62.9 cents in 2009/10.

US retail cotton consumption expanded {page_break} in 2010

In 2010, cotton consumption in the United States (textile production and net imports of Textiles) increased for the first time in 4 years, reaching 9 billion 800 million pounds (equivalent to raw materials).

This level represents an increase of 10% over 2009 and a 12 year low in 2009.

The main reason for the increase in 2010 was the rebound in imports of cotton products, the increase in both textile mill usage and product exports, almost offset each other.

In 2010, the import of US cotton products reached 9 billion 900 million pounds, the largest import volume in 3 years. At the same time, the export of cotton products increased to 1 billion 800 million pounds, equivalent to that of 2008.

As a result, per capita retail consumption has increased from a 17 year low of 29 pounds in 2009 to nearly 32 pounds per person in 2010.