Changes in Average Garment Weight andEnd-Use Demand

摘要

The global cotton market has experienced a series of demand shocks over the past couple of decades. Well-documented examples include the financial crisis in 2008/09 and the price spike in 2010/11. Both have had lingering consequences. Slower global economic growth since the world recession has impeded growth in consumer demand for apparel and textiles. The decrease in cotton's share that followed the spike has not been recovered.In combination, these two factors were contributors to what has been a lost decade for global cotton demand. Only in the coming crop year (2019/20) is world mill-use expected to surpass the peak set in 2006/07 (Chart 1].