Cotton exports up 23% in the 2020/2021 cycle compared to the previous crop.

Brazil exported 2.4 million tons of cotton between August 2020 and July 2021, 23% more than in the previous cycle, breaking the old export record. The fiber’s foreign trade generated revenues of US$ 3.77 billion in the 2020/2021 season. The data were released this Monday, August 9, by ABRAPA (the Brazilian association of cotton producers).

“We have consolidated our position as the world’s second-largest cotton exporter and we reiterate our goal of becoming number one by 2030, or perhaps before that”, evaluates the president at ABRAPA, Júlio Cézar Busato.

China was the main destination for Brazilian cotton, accounting for 30% of the total exported in the 2020-2021 season. With an unprecedented 720,700 thousand tons, the Asian giant surpassed the domestic market as the largest consumer of Brazilian cotton. The list of the ten largest importers of Brazilian cotton also includes Vietnam (17%) and Pakistan (12%), followed by Turkey (12%), Bangladesh (11%), Indonesia (9%), Malaysia (3%), South Korea (3%), Thailand (1%), and India (0.4%).

The DataLiner chart below shows the main buyers of Brazilian cotton:

Main Buyers of Brazilian Cotton Exports (HS 5201) | Jan 2020 to Jun 2021 | WTMT

Graph source: DataLiner (click here to request a demo)

The scenario for the 2021/2022 season is one of heating up in consumption and world trade. After dropping 7% in 2020/2021, a 3% recovery in world cotton production is expected, for a total of 25 million tons. The volume, however, is lower than global consumption, which should reach 25.77 million tons.

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