Us Cotton Research Institute: Global Cotton Consumption Will Increase By 22% In 10 Years.
Texas Tech University, USA Cotton economy The Institute's analysis reports that global economy In 2009-2010 years of gradual recovery, global Cotton consumption The volume will increase from 2010/11 and increase by 22% in 10 years.
According to the report, by the year 2018/19, the volume of cotton production in the world will reach 30 million 330 thousand tons, much higher than that of 24 million 750 thousand tons this year. At the same time, from 2010, GDP in developed countries will grow by an average of 2.3%, and developing countries will grow by an average of 5.1%.
Global Recession The demand for textiles and clothing decreased significantly, and ICE cotton futures fell to its lowest level in 6 years last November. Darren Hudson, the director of the Institute and chief contributor of the report, said in an interview if global economy Starting from 2010, cotton demand will increase in China's factories and lead to an increase in cotton consumption worldwide.
Hudson believes that although demand for food is increasing immediately after the economic recovery, cotton consumption tends to rise several decades later than grain demand. In the long run, with the increase of cotton planting area and yield per unit area, the world's cotton output will increase from the current 23 million tons to more than 30 million tons in the next 10 years.
By 2018/19, the global average yield will reach 60 kg / mu, which is 16% higher than the current level. Meanwhile, the volume of cotton trade will increase by 55% over 10 years, reaching over 10 million tons.
Editor in chief: Xu Qiyun
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