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Global cotton consumption falls in 2018-19, trend to continue

Economic slowdown, the trade war and the decrease in general consumption affected the consumption of cotton during the 2018-2019 season, which dropped by one per cent. This trend is expected to continue over the next few seasons due to uncertainty, coupled with the usual risks that agriculture faces. At the end of the season, the global cultivation area decreased by one per cent. Yield also fell, by two per cent. This means that world cotton production will reduce by three per cent.

China is the main consumer and the second largest producer of cotton and the United States is its main exporter. The sector started the year with an increase in prices, but throughout the season the prices of raw materials suffered ups and downs. Sustainability, meanwhile, continued to gain ground in cotton production. Organic cotton will account for a third of world production in 2020.

In addition, sustainable production has also been part of other raw materials, such as mohair wool, which in the last year laid the foundations for the certification of the production of this material in farms with high levels of animal welfare. As a whole, preferred fibers those that encompass more responsible and ecological methods in their production, have also gained ground in the last year, accounting for approximately 6.2 per cent of the total volume of fiber production, including materials such as viscose, acetate, lyocell, modal and cupro.

 
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