USDA – Cotton: World Markets and Trade, Sep 2025

The main topic of the report concerns world markets and trade in cotton, with a focus on the situation in China.

Key findings include: Cotton consumption in China is forecast at 39.0 million bales in the 2024/25 marketing year, matching the previous year and exceeding USDA's previous forecasts. Despite higher U.S. tariffs, Chinese product exports have reached a 7-year high. Domestic apparel sales in China have hit record levels due to government incentives. Production and consumption of Xinjiang cotton fiber have also reached record levels, while imports have fallen to their lowest level in nearly a decade. The main export market for Chinese cotton products remains the United States, despite tariff concerns.