World 2024/25 Cotton Mill Use Projected To Rise Modestly.

 


Global cotton mill use in 2024/25 is projected at 116.2 million bales, nearly 3.5 percent above 2023/24’s revised estimate of 112.4 million bales and its highest in 4 years. Stable global economic growth expectations and lower cotton fiber prices compared with a year ago are projected to support increased world cotton mill use in 2024/25. Cotton mill use in China—the leading cotton spinner—is projected at 38.0 million bales in 2024/25, 500,000 bales (1 percent) above the previous year. China is forecast to account for 33 percent of global cotton mill use in 2024/25. Mill use in India is projected to increase 2 percent (500,000 bales) to 25.5 million bales as rising product exports support the mill use gain.

 India is expected to account for 22 percent of the world mill use total in 2024/25. Pakistan’s 2024/25 cotton mill use is forecast at 9.6 million bales, 2 percent above the year before as larger supplies are available to local textile mills. Higher cotton mill use in 2024/25 is also projected for Bangladesh (7.8 million bales), Turkey (7.6 million bales), and Vietnam (7.1 million bales), with growth rates above the world average for Turkey and Vietnam

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