Brazil provides 20% of the world's cotton supply, and is second global exporter

Published 2023년 1월 6일

Tridge summary

Brazil is the world's second-largest cotton exporter, contributing 20% of the global supply and generating over USD 3.2 billion in revenue in the 2021/2022 market year. The main importers are Asia, led by China, Vietnam, Turkey, and Bangladesh. The quality of Brazilian cotton has been improved through research and technology, thanks to the efforts of industry association Abrapa and export promotion agency ApexBrasil, which runs the Cotton Brazil program. This program has seen exports increase by 15% to US$ 3.4 million by November 2022, with over 70% of this amount coming from companies supported by Cotton Brazil. A new representative office in Singapore is set to further strengthen Brazil's relationship with its priority market.

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Original content

Brazil provides 20% of the world’s cotton supply, making it the second largest cotton exporter in the world. Cotton represents Brazil’s seventh-largest export product in terms of value: in the market year 2021/2022 alone, 1.68 thousand tons were exported, generating more than USD 3.2 billion in cash. The stats were supplied by the industry association Abrapa. Abrapa said the Asian market imports 99% of the output of the world’s second-largest cotton exporter, with China (27%), Vietnam (16%), Turkey (13%), and Bangladesh (12%) being the main costumers, followed by Pakistan, Indonesia, Malaysia, South Korea, India, and Thailand. “Through research, technology, genetics, field management, and precise laboratory verification equipment, we have improved the quality of our products every year. Today we can say that we are on the same level as the best kinds of cotton in the world, with large-scale production”, explains the Director of International Relations at ABRAPA, Marcelo Duarte. ...

Source: MercoPress