US COTTON MARKET

KEY FINDINGS

1. The USDA forecasts that US cotton production will average 15.8 million bales in 2023/24, up slightly from the previous year's production of 15.5 million bales. Exports are also projected to increase in 2023/24, averaging 13.8 million bales, consistent with an average US share of global trade.
2.  Domestic mill use is expected to average 13.8 million bales in 2023/24, up from 13.5 million bales in the previous year, but will remain below the pre-pandemic five-year average of 14.2 million bales.
3. Global cotton production is expected to average 115.0 million bales in 2023/24, up slightly from the previous year's production of 114.5 million bales. Consumption is expected to increase to 115.8 million bales in 2023/24, up from 115.0 million bales in the previous year.
4. The US-China trade war and other trade disputes have had a negative impact on the global cotton market in recent years. However, if these disputes can be resolved, it could lead to increased trade and higher demand for cotton.
5. The US has experienced favorable weather conditions for cotton production in recent years. This has helped to boost production and keep prices relatively low.
6. The US government provides support to the cotton industry through a variety of programs, such as the Farm Bill and the Cotton Trust Fund. This support helps to stabilize the market and protect producers from price fluctuations.
7. US cotton farmers are facing rising input costs, such as the cost of seed, fertilizer, and fuel. This is making it more difficult for cotton farmers to make a profit.
8. The shift towards e-commerce is driving demand for cotton packaging and apparel, as online retailers increasingly use cotton-based packaging materials and apparel brands increasingly use cotton in their products.
9. The growing demand for organic cotton is being driven by consumer concerns about the use of pesticides and herbicides in conventional cotton production.
10. The development of new cotton products, such as cotton-based composites and nanocellulose, is expanding the market for US cotton, as these products can be used in a wide range of applications, such as automotive parts, building materials, and medical devices.

INTRODUCTION TOUS COTTON MARKET

 The most typical fibre utilised in the creation of textiles is cotton. Around the cotton plant's seeds, the commodity cotton grows like a ball.The most popular natural fibre in the world is cotton, which is produced.

Cotton output, consumption, and prices are frequently addressed in terms of crop years, just like other agricultural commodities.

US COTTON MARKETSIZE AND FORECAST

The US cotton market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

US COTTONMARKET  DYNAMICS

U.S. cotton exports are at their lowest level in recent years. U.S. cotton shipments are lower than the marketing year and down 100,000 bales from the projection from the previous month.

Lower exports are a result of the United States' production expected to drop from the prior year, the lowest level in seven years. In Texas, where 40% of American cotton is produced, high temperatures and a drought have reduced output and exportable supply.

The world's trade is less than expected. Nevertheless, the United States continues to be the world's top cotton exporter. Given that the United States already exports more than three-quarters of its crop, ending stocks would be at their lowest level if achieved.

According to U.S. export sales data, unfulfilled orders and shipments represent more than half of the planned output. China is anticipated to be the leading consumer for the third straight year, down from almost one-third the previous marketing year.

The predicted U.S. crop has been supported by a strong projected farm price since the ratio of shipping and sales to that crop is at its greatest level in a number of years.

Despite a predicted decline of 6 cents this month to 90 cents a pound for the projected U.S. season-average farm price, if achieved, this would rank as the second-highest level ever.

TRENDS IN US COTTONMARKET 

Cotton prices have fallen in recent weeks as investors become concerned about Chinese demand. China is the world's largest consumer of cotton, and its demand for cotton has been declining in recent years. This decline in demand is due to a number of factors, including the slowing Chinese economy and the increasing use of synthetic fibers in China's textile industry.

The US cotton industry has applauded the USDA for promoting sustainable farming practices. The USDA has recently announced a number of programs that are designed to help farmers adopt sustainable farming practices. These programs include the Conservation Stewardship Program and the Environmental Quality Incentives Program.

The Farm Bill is a comprehensive agricultural legislation that provides support to farmers, including cotton farmers. The Farm Bill includes a variety of programs, such as crop insurance, price supports, and conservation payments.

The Cotton Trust Fund is a government-funded program that promotes the development and use of US cotton. The Cotton Trust Fund is funded by a fee on cotton imports.

US COTTONMARKET SEGMENTATION
US Cotton Market By Cotton Type

• Upland Cotton

• Pima Cotton (Supima)

US Cotton Market By Application

• Textiles and Apparel

• Industrial

US Cotton Market By End-Use Industry

• Fashion and Apparel Industry

• Home Textiles

• Automotive

• Medical and Healthcare

• Others

US Cotton Market By Geographic Region

• Southern States

• Western States

• Others

US COTTONMARKET COMPANY PROFILES

• Plains Cotton Growers Cooperative

• Calcot Cotton Cooperative

• Staplcotton Cooperative

• Allenberg Cotton Company

• Dunavant Enterprises

• Cargill

• Olam International

• Noble Group

• Plexus Cotton Ltd.

• Sumitomo Corporation

THISUS COTTONMARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. Market share of US cotton market manufacturers and their upcoming products
2. Details on network of major US cotton market and pricing plans
3. What is the current state of the U.S. cotton market, and what are the recent trends in cotton production and consumption?
4. How have market dynamics, such as supply and demand, changed in the U.S. cotton market in recent years?
5. What are the major cotton-producing states in the U.S., and how does each region contribute to overall production?
6. How has technology and innovation impacted cotton farming practices in the U.S.?
7. What are the key challenges faced by U.S. cotton growers, and how are they addressing these challenges?
8. What are the quality standards and grading systems for different cotton varieties in the U.S.?
9. What are the U.S.'s major export markets for cotton, and how do global trade dynamics influence U.S. cotton exports?
10. How have trade policies and agreements impacted the U.S. cotton industry, including subsidies and tariffs?
11. Which industries are the largest consumers of U.S. cotton, and how is cotton used in various sectorsWhat are the price trends in the U.S. cotton market, and what factors influence price fluctuations, including currency exchange rates?
12. How do cotton prices impact the financial well-being of cotton growers and the textile industry?, including textiles, apparel, and industrial applications?
13. What are the key government policies and regulations that affect the U.S. cotton market, including subsidies and environmental regulations?
14. How do changes in government policies impact cotton growers, manufacturers, and exporters?
15. How do weather events, climate change, and environmental conditions affect cotton farming and yield in different regions of the U.S.?