China: Cotton and Products Annual

  |   CH2021-0039
China’s marketing year (MY) 21/22 cotton imports are projected to increase slightly to 2.4 million metric tons (MMT) on higher consumption to meet textile and apparel demand. U.S. cotton exports to China totaled approximately 884,000 metric tons (MT) during the first seven months of MY20/21(August 2020–February 2021), up from 154,000 MT during the same period in the previous marketing year. Due to recovering domestic and international demand for Chinese textile and apparel products, China’s cotton consumption is forecast at 8.5 MMT in MY21/22 compared to an estimated 8.2 MMT in MY20/21. MY21/2 production is forecast basically flat at 5.9 MMT based on lower yields and forecast acreage unchanged from the previous year.