China'S Cotton Imports Continue To Shrink, And The Global Cotton Trade Market Is Still Competitive.

Pakistan has recently reported that according to the latest report of the International Cotton Advisory Committee (ICAC), in the 2015-2016 fiscal year, the world

Output is expected to be 23 million 900 thousand tons, down 9% compared with the same period last year, but China's cotton

The cotton exporters are also struggling to compete for emerging markets, and the global cotton trade market is still facing fierce competition.

China is currently the world's largest importer of cotton. In 2016, China's cotton import quota was 894 thousand tons, unchanged from 2015.

The total import volume of cotton is estimated to be 1 million 400 thousand tons, down 24%, and the share of global cotton imports has dropped to 55% from three 55% years ago.

China's domestic cotton production is expected to be 5 million 400 thousand tons. In addition, the Chinese government has 11 million tons of cotton reserves and adequate supply of cotton.

In addition to other Asian countries, cotton imports account for 31% of the world's total cotton imports, among which Bangladesh, Vietnam and Indonesia are the top three importers.

Cotton imports in Bangladesh will exceed 1 million tons, an increase of 4%.

Imports are expected to grow at 990 thousand tons, an increase of 5%; Indonesia's imports will reach 780 thousand tons, an increase of 6%.

The total consumption of cotton in Asian countries (except China) is 12 million tons, accounting for 48% of the world's total consumption, of which India consums 5 million 600 thousand tons and Pakistan consums 2 million 600 thousand tons.

From the perspective of cotton exports, the United States is the world's largest cotton exporter, with an estimated export volume of 2 million 200 thousand tons, down 9% from the same period last year. India is the second largest exporter, with an expected export volume of 1 million 100 thousand tons, an increase of 15% over the same period last year.