||50% of global cotton exports made by three nations: Report
The share of the US, Australia and Brazil in global cotton exports has improved over the years and these countries together now account for more than 50 percent of world cotton exports.
The US continues to be the leading exporter of cotton and its share in global cotton exports has increased from 26.36 percent in 1990 to 31.27 percent in 2012, according to a report titled “Global Cotton Supply & End Use Demand: Trends & Forecasts 2013” prepared by the Market Watch division of Fibre2fashion.com.
As per the report, the share of Australia in world cotton exports has risen from 4.64 percent in 1990 to 11.13 percent in 2012, while that of Brazil has increased from 2.42 percent in 1990 to 11.13 percent in 2012.
Thus, these three countries—the US, Australia and Brazil—together accounted for 53.53 percent of global cotton exports made in 2012, which is a steep rise from around 33 percent share these countries had in 1990.
Another country that has seen a significant growth in its cotton exports is India, whose share in world’s cotton exports has grown from 2.4 percent in 1990 to 10.6 percent in 2012.
Greece, Burkina Faso, Malaysia, Benin, Cote d’Ivoire and Zimbabwe are the countries that have seen fast growth in cotton exports and were among the world’s top 15 cotton exporting countries in 2012.
On the other hand, the share of countries like China, Paraguay, Turkey, Argentina, Azerbaijan and Syria, which were among the top 15 global cotton exporters in 1990, has declined, as per the report.
Source : fibre2fashion.com