1、United States Department of Agriculture Foreign Agricultural Service Cotton:World Markets and Trade Approved by the World Agricultural Outlook Board/USDA The Production,Supply and Distribution database can be found here For email subscription,click here to register November 2024 Cottons Share of Glo

2、bal Consumption Falls Further to Man-made Fibers Total Consumption(Million Tons)Source:International Cotton Advisory Committees World Textile Demand for cellulosic and synthetic fibers;USDA PSD for cotton.Note:For cotton,calendar years equate to the first year of the marketing year split,for example

3、,2023 reflects 2023/24 global consumption.Cellulosic fibers are also referred to as artificial fibers in global trade statistics and the Harmonized System(HS).Cottons share of global fiber consumption continues to decline,owing to substantial growth in the production and consumption of synthetic and

4、 cellulosic fibers(both also referred to as man-made fibers(MMFs).1 2024/25 global cotton consumption is forecast at 115.2 million bales,near the 10-year average and more than 9.0 million bales below the record level witnessed 4 years ago.This is despite record global fiber consumption in calendar y

5、ear 2023 as synthetic fibers are meeting the worlds growing demand.China has been the main supplier due to unprecedented capacity and competitive prices.Lastly,stagnant growth in cotton production has also pressured cotton consumption.According to a report published by Textile Exchange last month,po

6、lyester has been the primary driver behind the growth in global synthetic fiber production.Production rose 8.0 million tons year-over-year(equivalent to nearly 37.0 million bales)to 71.0 million tons in 2023;annual production growth was roughly one-third of the worlds annual cotton consumption.Total