Economic Research Service Situation and Outlook CWS-15f Release Date June 12, 2015 Cotton and Wool Outlook Leslie Meyer lmeyer@ers.usda.gov Stephen MacDonald stephenm@ers.usda.gov Global Cotton Ending Stocks Lower in 2015/16 Cotton and Wool Chart Gallery will be updated on June 16, 2015 -------------- The next release is July 14, 2015 -------------- Approved by the World Agricultural Outlook Board The latest U.S. Department of Agriculture (USDA) projections for 2015/16 indicate that global cotton stocks are expected to decrease for the first time since 2009/10 as mill use exceeds production. World ending stocks are projected at 106.1 million bales for 2015/16, 3.5 percent (3.9 million bales) below 2014/15. Global cotton stocks have risen dramatically over the last several seasons, largely the result of growth in China s stocks (fig. 1). Government policies in China supported national reserve purchases of domestic cotton and, at the same time, significant raw cotton imports; these policies strengthened global cotton prices by keeping China s supplies out of the marketplace and encouraged production in other foreign countries. Stocks in China at the end of 2014/15 are estimated at a record 65.6 million bales, or 60 percent of global stocks. For 2015/16, policy adjustments in China are expected to reduce stocks but only slightly to 62.6 million bales, with its share of world stocks remaining mostly unchanged. Figure 1 U.S. and world cotton ending stocks Million bales 120 China India U.S. Rest of world 100 80 60 40 20 0 2010 2011 2012 2013 2014 2015 Proj. Marketing year Source: USDA, World Agricultural Supply and Demand Estimates reports.
Domestic U.S. 2015 Cotton Production Projection Unchanged in June USDA s 2015 U.S. cotton crop projection remains at 14.5 million bales this month and is 11 percent below the final 2014 crop. While the Southwest precipitation that occurred in May was generally beneficial, uncertainty remains as to its effect on area and yield as planting was delayed and is still in progress. The planting estimate of 9.55 million acres will be updated in USDA s Acreage report, which will be released June 30th. This report will include actual plantings as of early June, as well as estimates for any remaining cotton to be planted. As of June 7th, 81 percent of the expected cotton area had been planted, below last season s 87 percent and the 2010-14 average of 89 percent. Crop development has followed similarly, with 7 percent of the cotton area squaring by June 7th, compared with 8 percent last season and a 5-year average of 10 percent. Based on current projections, U.S. cotton harvested area is forecast at 8.6 million acres for 2015, reflecting a below-average abandonment rate of 10 percent. Last season s abandonment rate was 15 percent. The 2015 U.S. cotton yield is forecast at 809 pounds per harvested acre, compared with 838 pounds per harvested acre in 2014. USDA s National Agricultural Statistics Service will begin in field production surveys in August. Demand, Stocks, and Price Range for 2015/16 Unchanged U.S. cotton demand for 2015/16 remains projected at 14.5 million bales, slightly above the previous season s estimate. Exports account for 10.7 million bales while mill use contributes the remaining 3.8 million bales. With expected U.S. supplies and world import demand similar to a year earlier, U.S. cotton exports are also forecast at the same level. As a result, the U.S. share of world trade is projected at about 32 percent for 2015/16, slightly above 2014/15 and the highest in 5 seasons. U.S. cotton mill use is forecast to rise 4 percent in 2015/16, the highest since 2010/11; the U.S. textile industry has realized additional capacity and is expected to remain very competitive in 2015/16, pushing cotton mill use growth above the world average. Based on these supply and demand estimates, U.S. cotton ending stocks for 2015/16 remain projected at 4.4 million bales, unchanged from the beginning level but the highest since 2008/09. The implied stocks-to-use ratio is estimated at 30 percent, marginally below 2014/15. The forecast for the 2015/16 U.S. average farm price is projected to range between 50 and 70 cents per pound, with the midpoint of this range slightly below 2014/15 s revised estimate of 60.5 cents per pound. 2
International Outlook World Cotton Production to Decrease for Fourth Consecutive Season Global 2015/16 cotton production is projected to decline 6 percent from the previous season to 111.3 million bales. Lower crops are forecast for most major cotton-producing countries in 2015/16, with India and Uzbekistan production level with 2014/15. India expected to be the leading producer in 2015/16 is forecast to produce 29.5 million bales, or 26.5 percent of global cotton production. Lower area and higher yields, compared with 2014/15, are expected to keep production in India unchanged. China s production is projected to decrease 10 percent in 2015/16 to 27 million bales as area continues to trend lower; China s area is expected to be only 3.7 million hectares in 2015/16, 16 percent below 2014/15. The national yield, however, is projected to rise to a record as area continues to shift to the higher yielding Xinjiang region. Production for Pakistan in 2015/16 is forecast at 10 million bales, about 6 percent below the previous year with a return to normal yields. Brazil s crop is expected to approach 6.8 million bales, nearly 4 percent lower as both area and yield are projected below 2014/15. World area harvested in 2015/16 is forecast at 31.8 million hectares, 2 million hectares (6 percent) below the previous season. The global cotton yield is forecast at 763 kg/hectare in 2015/16, slightly below 2014/15. Global Cotton Mill Use to Increase in 2015/16; Trade Reduced World cotton mill use is forecast at 115.3 million bales, 3 percent higher than the 111.5 million bales expected to be consumed in 2014/15, as lower cotton prices and economic growth stimulate demand. If realized, mill use would be the highest since 2010/11 s 115.6 million bales. China and India remain the largest consuming countries, with a combined cotton mill use of about 62 million bales, or more than 53 percent of the global total. China s cotton consumption is projected at 36 million bales in 2015/16, up from 35 million bales but equal to 2012/13. China s mill use is expected to benefit from domestic prices that are more in line with world prices; however, mill use growth of about 3 percent may be constrained by cotton yarn imports as in previous years. In 2014/15, China is likely to import more than 9.5 million bale-equivalents of cotton yarn. Pakistan, India, and Vietnam are the leading suppliers of cotton yarn to China and will account for over 80 percent of the total in 2014/15 (fig. 2). Mill use in India is projected at nearly 25.8 million bales, 5 percent above 2014/15 and a record; India s growth is being supported in part by expanding textile product exports. Pakistan s cotton mill use is also expected to expand to near the global average in 2015/16, reaching 11.1 million bales. In addition to gains in the United States, cotton mill consumption is also expected to increase in Turkey, Bangladesh, and Vietnam. Global cotton trade, in contrast, is forecast to reach only 33.8 million bales in 2015/16, 400,000 bales below a year earlier and the lowest since 2008/09, when only 30 million bales were traded. The recent downward trend is the result of 3
China s raw cotton import demand, which is projected to decline for the fourth consecutive season in 2015/16. China is expected to import only 6 million bales in 2015/16, compared with an estimated 8 million bales in 2014/15, due to an expected decline in import quotas. Offsetting a portion of China s decline are increases for a number of countries, including Vietnam, Turkey, and Indonesia. Meanwhile, exports in 2014/15 are expected to decrease mainly from the Southern Hemisphere, most notably Brazil and Australia, where exports are currently forecast at 3.6 million bales and 2 million bales, respectively, in 2015/16. Global ending stocks are forecast at 106.1 million bales by the end of 2015/16, nearly 4 million bales below 2014/15. While stocks are expected to decline for the first time in 6 years from last season s record, they remain more than double the level in 2010/11. Despite a rise in cotton consumption, the world stocks-to-use ratio is estimated to decrease only slightly to 92 percent. As a result, the 2015/16 world cotton price is projected to remain near the current season s average; in 2014/15, the world price is expected to average near 71 cents per pound, the lowest in 6 years. Figure 2 China's cotton yarn imports Million bale-equivalents 10 8 Total (less re-imports) Pakistan, India, and Vietnam's share 6 4 2 0 2009 2010 2011 2012 2013 2014 Proj. Marketing year Source: USDA, ERS calculations based on World Trade Atlas data for HTS 5205. 4
Contacts and Links Contact Information Leslie Meyer (U.S. cotton & textiles) (202) 694-5307 lmeyer@ers.usda.gov Stephen MacDonald (foreign cotton) (202) 694-5305 stephenm@ers.usda.gov Carolyn Liggon (web publishing) (202) 694-5056 cvliggon@ers.usda.gov Subscription Information Subscribe to ERS e-mail notification service at http://www.ers.usda.gov/subscribe-to-ers -e-newsletters.aspx to receive timely notification of newsletter availability. Printed copies can be purchased from the USDA Order Desk by calling 1-800-363-2068 (specify the issue number). To order printed copies of the five field crop newsletters cotton and wool, feed, rice, oil crops, and wheat as a series, specify series SUB-COR-4043. Data Cotton and Wool Monthly Tables (http://ers.usda.gov/publications/cws-cotton-andwool-outlook) Cotton and Wool Chart Gallery (http://www.ers.usda.gov/data-products/cotton-andwool-chart-gallery.aspx#.ugutc6z8j8e) Related Websites WASDE http://usda.mannlib.cornell.edu/mannusda/viewdocumentinfo.do?documentid=1194 Cotton Topics http://www.ers.usda.gov/topics/crops/cotton-wool.aspx E-mail Notification Readers of ERS outlook reports have two ways they can receive an e-mail notice about release of reports and associated data. Receive timely notification (soon after the report is posted on the web) via USDA s Economics, Statistics, and Market Information System (which is housed at Cornell University s Mann Library). Go to http://usda.mannlib.cornell.edu/mann Usda/aboutEmailService.do and follow the instructions to receive e-mail notices about ERS, Agricultural Marketing Service, National Agricultural Statistics Service, and World Agricultural Outlook Board products. Receive weekly notification (on Friday afternoon) via the ERS website. Go to http://www.ers.usda.gov/subscribeto-ers-e-newsletters.aspx and follow the instructions to receive notices about ERS outlook reports, Amber Waves magazine, and other reports and data products on specific topics. ERS also offers RSS (really simple syndication) feeds for all ERS products. Go to http://www.ers.usda.gov/rss/ to get started. Cotton and Wool Outlook http://usda.mannlib.cornell.edu/mannusda/viewdocumentinfo.do?documentid=1281 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, age, disability, and where applicable, sex, marital status, familial status, parental status, religion, sexual orientation, genetic information, political beliefs, reprisal, or because all or a part of an individual's income is derived from any public assistance program. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA's TARGET Center at (202) 720-2600 (voice and TDD). To file a complaint of discrimination, write to USDA, Director, Office of Civil Rights, 1400 Independence Avenue, SW, Washington, DC 20250-9410 or call (800) 795-3272 (voice) or (202) 720-6382 (TDD). USDA is an equal opportunity provider and employer. 5
Table 1--U.S. cotton supply and use estimates 2015/16 Item 2013/14 2014/15 May June Million acres Upland: Planted 10.206 10.845 9.399 9.399 Harvested 7.345 9.157 8.451 8.451 Yield/harvested acre 802 826 797 797 Beginning stocks 3.613 2.325 4.129 4.129 Production 12.275 15.753 14.030 14.030 Total supply 1/ 15.894 18.083 18.164 18.164 Mill use 3.527 3.625 3.775 3.775 Exports 9.850 10.300 10.150 10.150 Total use 13.377 13.925 13.925 13.925 Ending stocks 2/ 2.325 4.129 4.229 4.229 Stocks-to-use ratio 17.4 29.7 30.4 30.4 Extra-long staple: Planted 201.0 192.4 150.0 150.0 Harvested 199.4 189.8 149.0 149.0 Yield/harvested acre 1,527 1,432 1,514 1,514 Beginning stocks 187 125 271 271 Production 634 566 470 470 Total supply 1/ 828 696 746 746 Mill use 23 25 25 25 Exports 680 400 550 550 Total use 703 425 575 575 Ending stocks 2/ 125 271 171 171 Stocks-to-use ratio 17.8 63.8 29.7 29.7 1/ Includes imports. 2/ Includes unaccounted. Source: USDA, World Agricultural Outlook Board. Pounds Million 480-lb. bales Percent 1,000 acres Pounds 1,000 480-lb. bales Percent 6
Table 2--World cotton supply and use estimates 2015/16 Item 2013/14 2014/15 May June Million 480-lb. bales Supply: Beginning stocks-- World 90.54 102.53 110.25 110.01 Foreign 86.74 100.08 105.85 105.61 Production-- World 120.43 118.86 111.25 111.32 Foreign 107.52 102.54 96.75 96.82 Imports-- World 40.08 34.19 33.65 33.77 Foreign 40.07 34.18 33.64 33.76 Use: Mill use-- World 108.96 111.47 115.29 115.31 Foreign 105.41 107.82 111.49 111.51 Exports-- World 40.80 34.17 33.66 33.80 Foreign 29.55 23.47 22.96 23.10 Ending stocks-- World 102.53 110.01 106.29 106.08 Foreign 100.08 105.61 101.89 101.68 Percent Stocks-to-use ratio: World 94.1 98.7 92.2 92.0 Foreign 94.9 3.0 98.0 91.4 91.2 Source: USDA, World Agricultural Outlook Board. 7
Table 3--U.S. fiber supply Feb. Mar. Apr. Apr. Item 2015 2015 2015 2014 1,000 480-lb. bales Cotton: Stocks, beginning 12,945 11,812 9,960 7,096 Ginnings 332 0 0 0 Imports since August 1 4.8 6.4 8.0 9.2 Million pounds Manmade: Production 508.3 524.9 501.8 565.7 Noncellulosic 508.3 524.9 501.8 565.7 Cellulosic NA NA NA NA Total since January 1 1,031.6 1,556.5 2,058.3 2,101.3 Jan. Feb. Mar. Mar. 2015 2015 2015 2014 Million pounds Raw fiber imports: 184.8 154.4 NA 178.4 Noncellulosic 170.5 143.0 NA 163.3 Cellulosic 14.3 11.4 NA 15.1 Total since January 1 184.8 339.2 NA 478.2 1,000 pounds Wool and mohair: Raw wool imports, clean 504.8 800.1 420.0 348.3 48s-and-finer 301.4 542.2 228.6 257.4 Not-finer-than-46s 203.4 257.9 191.4 90.9 Total since January 1 504.8 1,304.8 1,724.9 1,325.1 Wool top imports 303.9 294.0 291.0 229.0 Total since January 1 303.9 597.9 888.9 698.3 Mohair imports, clean 0.0 0.0 0.0 0.0 Total since January 1 0.0 0.0 0.0 0.0 NA = Not available. Sources: USDA, National Agricultural Statistics Service; U.S. Dept. of Commerce, U.S. Census Bureau; and Fiber Organon. 8
Table 4--U.S. fiber demand Feb. Mar. Apr. Apr. Item 2015 2015 2015 2014 1,000 480-lb. bales Cotton: All consumed by mills 1/ 267 311 300 294 Total since August 1 2,009 2,320 2,620 2,632 Daily rate 13.3 14.1 13.6 13.4 Upland consumed by mills 1/ 266 310 299 293 Total since August 1 1,999 2,309 2,608 2,620 Daily rate 13.3 14.1 13.6 13.3 Upland exports 1,171 1,484 1,388 1,057 Total since August 1 4,817 6,302 7,689 7,835 Sales for next season 158 156 186 391 Total since August 1 788 944 1,130 1,716 Extra-long staple exports 29.5 59.3 40.8 67.9 Total since August 1 137.3 196.7 237.4 574.6 Sales for next season 0.0 0.0 0.3 7.1 Total since August 1 0.0 0.0 0.3 15.1 Jan. Feb. Mar. Mar. 2015 2015 2015 2014 Million pounds Manmade: Raw fiber exports 48.4 48.4 NA 61.0 Noncellulosic 48.0 47.9 NA 60.4 Cellulosic 0.4 0.5 NA 0.6 Total since January 1 48.4 96.9 NA 154.2 1,000 pounds Wool and mohair: Raw wool exports, clean 119.3 530.3 477.6 723.3 Total since January 1 119.3 649.6 1,127.2 2,014.0 Wool top exports 2.0 4.2 14.7 104.9 Total since January 1 2.0 6.2 20.9 358.7 Mohair exports, clean 366.4 38.4 197.0 64.5 Total since January 1 366.4 404.8 601.8 186.5 NA = Not available. 1/ Estimated by USDA. Sources: USDA, Farm Service Agency; USDA, Foreign Agricultural Service, U.S. Export Sales; U.S. Dept. of Commerce, U.S. Census Bureau; and Fiber Organon. 9
Table 5--U.S. and world fiber prices Mar. Apr. May May Item 2015 2015 2015 2014 Cents per pound Domestic cotton prices: Adjusted world price 47.76 49.99 51.61 70.72 Upland spot 41-34 60.65 63.08 63.06 83.20 Pima spot 02-46 159.73 152.24 149.00 183.50 Average price received by upland producers 59.90 62.40 NA 81.70 Far Eastern cotton quotes: A Index 69.13 71.62 72.46 92.71 Memphis/Eastern 72.88 74.85 74.81 98.00 Memphis/Orleans/Texas 72.13 74.20 74.50 97.50 California/Arizona 75.81 77.80 77.38 98.25 Dollars per pound Wool prices (clean): U.S. 58s 2.90 2.97 3.13 3.13 Australian 58s 1/ 3.65 3.67 4.15 3.83 U.S. 60s NQ 2.90 3.36 3.58 Australian 60s 1/ 3.92 3.97 4.28 NQ U.S. 64s NQ 3.38 3.86 4.35 Australian 64s 1/ 4.21 4.34 86 4.90 5.04 NA = Not available. NQ = No quote. 1/ In bond, Charleston, SC. Sources: USDA, Cotton Price Statistics ; Cotlook Ltd., Cotton Outlook; and trade reports. 10
Table 6--U.S. textile imports, by fiber Feb. Mar. Apr. Apr. Item 2015 2015 2015 2014 1,000 pounds 1/ Yarn, thread, and fabric: 238,202 307,109 288,437 263,144 Cotton 45,731 65,041 59,575 56,140 Linen 19,842 23,874 27,259 19,833 Wool 3,701 4,439 4,198 4,102 Silk 476 500 569 549 Manmade 168,453 213,255 196,836 182,522 Apparel: 852,275 947,692 813,060 807,879 Cotton 460,310 513,418 440,347 446,996 Linen 9,002 10,822 9,206 10,106 Wool 19,221 19,771 18,331 17,714 Silk 9,761 11,429 9,754 10,008 Manmade 353,981 392,252 335,423 323,054 Home furnishings: 201,404 257,834 231,563 213,789 Cotton 115,197 149,227 141,091 128,739 Linen 1,013 1,138 779 1,259 Wool 306 336 336 286 Silk 124 141 98 181 Manmade 84,764 106,992 89,259 83,325 Floor coverings: 61,620 81,154 83,626 72,604 Cotton 7,887 10,592 11,027 8,661 Linen 15,538 22,391 22,185 18,069 Wool 8,381 10,778 11,333 10,879 Silk 1,739 2,905 3,007 2,064 Manmade 28,076 34,488 36,074 32,931 Total imports: 2/ 1,353,786 1,594,252 1,417,050 1,357,799 Cotton 629,315 738,577 652,301 640,771 Linen 45,395 58,226 59,429 49,268 Wool 31,613 35,332 34,210 32,992 Silk 12,100 14,975 13,428 12,802 Manmade 635,363 747,141 657,681 621,967 1/ Raw-fiber equivalent. 2/ Includes headgear. Sources: USDA, Economic Research Service; and U.S. Dept. of Commerce, U.S. Census Bureau. 11
Table 7--U.S. textile exports, by fiber Feb. Mar. Apr. Apr. Item 2015 2015 2015 2014 1,000 pounds 1/ Yarn, thread, and fabric: 241,404 265,654 262,624 241,628 Cotton 131,710 142,451 138,316 120,242 Linen 6,377 6,578 7,021 7,911 Wool 2,480 3,459 3,164 3,079 Silk 933 1,136 1,230 1,358 Manmade 99,903 112,031 112,893 109,039 Apparel: 23,837 28,461 27,319 24,897 Cotton 10,878 13,072 12,024 10,771 Linen 505 810 475 450 Wool 1,198 1,538 1,311 1,402 Silk 857 952 834 992 Manmade 10,399 12,089 12,675 11,282 Home furnishings: 4,434 4,833 4,959 5,732 Cotton 2,132 2,506 2,401 2,456 Linen 325 259 378 238 Wool 99 88 77 98 Silk 134 77 196 101 Manmade 1,744 1,904 1,907 2,839 Floor coverings: 26,493 30,982 28,066 30,593 Cotton 1,972 2,402 2,262 2,069 Linen 966 1,366 1,331 950 Wool 1,495 1,978 1,831 1,947 Silk 26 58 56 21 Manmade 22,035 25,177 22,586 25,606 Total exports: 2/ 296,232 330,004 323,029 302,903 Cotton 146,735 160,478 155,040 135,563 Linen 8,173 9,012 9,206 9,548 Wool 5,272 7,064 6,384 6,530 Silk 1,951 2,224 2,316 2,473 Manmade 134,101 151,226 150,083 148,789 1/ Raw-fiber equivalent. 2/ Includes headgear. Sources: USDA, Economic Research Service; and U.S. Dept. of Commerce, U.S. Census Bureau. 12
Table 8--U.S. cotton textile imports, by origin Feb. Mar. Apr. Apr. Region/country 2015 2015 2015 2014 1,000 pounds 1/ North America 137,760 153,178 134,319 133,962 Canada 3,100 3,234 3,215 2,916 Costa Rica 16 12 10 399 Dominican Republic 8,252 9,336 8,028 7,035 El Salvador 18,627 20,393 16,556 19,415 Guatemala 8,273 7,670 7,763 6,744 Haiti 13,931 14,680 12,983 12,471 Honduras 29,080 33,479 25,065 25,391 Mexico 38,342 44,262 42,198 41,816 Nicaragua 18,135 20,105 18,487 17,769 South America 3,274 4,044 3,798 4,743 Colombia 1,039 1,572 1,724 1,746 Peru 2,079 2,267 1,744 2,701 Europe 10,290 13,505 11,942 12,116 Germany 942 1,255 1,230 1,448 Italy 1,457 1,934 1,772 1,724 Portugal 1,190 1,439 1,060 954 Turkey 4,636 6,160 5,468 5,276 Turkmenistan 217 486 304 390 As ia 465,827 554,041 488,381 474,024 Bahrain 1,695 1,892 2,251 2,201 Bangladesh 50,309 53,646 49,282 45,716 Cambodia 14,569 18,012 16,967 16,947 China 183,541 208,807 158,209 170,412 Hong Kong 878 751 754 857 India 64,412 82,891 81,710 66,984 Indonesia 21,941 26,755 25,512 25,366 Israel 563 598 588 961 Japan 828 1,561 1,781 1,312 Jordan 4,033 5,462 3,708 5,535 Malaysia 2,581 3,568 2,673 2,671 Pakistan 53,861 61,477 64,391 63,407 Philippines 3,063 4,552 5,333 4,296 South Korea 3,433 6,840 6,305 5,681 Sri Lanka 7,466 9,666 7,964 8,158 Taiwan 1,709 2,913 2,120 2,453 Thailand 4,162 6,074 5,922 5,535 United Arab Emirates 756 612 760 562 Vietnam 45,664 57,384 51,714 44,518 Oceania 25 69 36 66 Africa 12,140 13,740 13,826 15,859 Egypt 7,318 7,483 7,503 8,630 Kenya 1,986 2,503 2,447 2,327 Lesotho 1,074 1,572 1,917 2,464 Mauritius 778 1,153 882 1,043 World 2/ 629,315 738,577 652,301 640,771 1/ Raw-fiber equivalent. 2/ Totals may not add due to rounding. Sources: USDA, Economic Research Service; and U.S. Dept. of Commerce, U.S. Census Bureau. 13
Table 9--U.S. cotton textile exports, by destination Feb. Mar. Apr. Apr. Region/country 2015 2015 2015 2014 1,000 pounds 1/ North America 126,983 138,474 130,999 118,879 Bahamas 255 215 184 199 Canada 9,427 10,590 10,167 9,482 Costa Rica 345 346 319 338 Dominican Republic 17,873 20,823 20,183 18,914 El Salvador 7,862 8,314 8,758 10,162 Guatemala 2,538 3,162 2,704 1,993 Haiti 570 761 956 685 Honduras 59,277 63,380 56,288 46,317 Jamaica 59 116 75 88 Mexico 25,633 27,766 28,302 28,609 Nicaragua 2,656 2,297 2,330 1,539 Panama 220 380 316 214 South America 5,734 5,163 5,775 4,400 Brazil 410 274 310 493 Chile 196 362 135 152 Colombia 2,495 2,402 2,450 2,630 Ecuador 102 119 129 70 Peru 1,946 1,517 2,246 711 Venezuela 281 76 131 182 Europe 2,942 3,653 3,030 3,080 Belgium 226 373 385 299 France 174 153 192 106 Germany 358 572 494 642 Italy 210 289 236 143 Netherlands 231 250 260 276 United Kingdom 1,034 1,171 862 852 Asia 10,284 11,872 13,842 8,363 China 6,089 7,164 9,324 4,650 Hong Kong 417 471 743 527 India 207 169 139 242 Israel 129 83 104 192 Japan 1,157 1,175 948 824 Lebanon 25 71 27 95 Saudi Arabia 119 134 149 94 Singapore 237 315 172 177 South Korea 579 736 564 536 Taiwan 115 88 181 124 Thailand 36 86 123 52 United Arab Emirates 354 483 250 310 Vietnam 77 379 54 118 Oceania 460 654 501 562 Australia 320 495 388 409 New Zealand 130 130 98 118 Africa 333 663 893 279 South Africa 21 160 22 44 World 2/ 146,735 160,478 155,040 135,563 1/ Raw-fiber equivalent. 2/ Totals may not add due to rounding. Sources: USDA, Economic Research Service; and U.S. Dept. of Commerce, U.S. Census Bureau. 14
Table 10--Final 2014 U.S. cotton acreage, yield, and production State/Region Planted Harvested Yield Production Pounds/ 1,000 1,000 acres harvested acre bales Upland: Alabama 350 348 901 653 Florida 107 105 878 192 Georgia 1,380 1,370 900 2,570 N. Carolina 465 460 1,038 995 S. Carolina 280 278 912 528 Virginia 87 86 1,239 222 Southeast 2,669 2,647 936 5,160 Arkansas 335 330 1,145 787 Louisiana 170 168 1,154 404 Mississippi 425 420 1,232 1,078 Missouri 250 245 1,117 570 Tennessee 275 270 878 494 Delta 1,455 1,433 1,116 3,333 Kansas 31 29 794 48 Oklahoma 240 210 615 269 Texas 6,200 4,600 644 6,175 Southwest 6,471 4,839 644 6,492 Arizona 150 149 1,579 490 California 57 56 1,834 214 New Mexico 43 33 931 64 West 250 238 1,549 768 Total Upland 10,845 9,157 826 15,753 Pima: Arizona 15 15 993 30 California 155 154 1,558 500 New Mexico 5 5 761 8 Texas 17 16 840 28 Total Pima 192 190 1,432 566 Total All 11,037 9,347 838 16,319 Source: USDA, National Agricultural Statistics Service, May 2015 Crop Production. 15