Vietnam Imports of Cotton by Calendar Year and Vietnam’s Top Cotton Suppliers:
Strong demand for cotton yarns from international markets, especially from China, Turkey and South Korea continues to simultaneously support Vietnam’s strong demand for more cotton to feed its expanding spinning sector. Post forecast Vietnam’s cotton imports in CY2017 will reach another record, somewhere around 1.34 million tons (or roundly 6,150 million bales), up 30% over CY2016.
The U.S. has topped the list of cotton suppliers to Vietnam for nearly a decade. In CY 2017, U.S. cotton exports to Vietnam are expected to climb up to 730,000 tons, up 36% over the year before. U.S. cotton continues to enlarge its market share in Vietnam, from 51.9% in CY2016 to an estimated 54.5% in CY 2017, reflecting its strong commitment in dealing with tougher competition from other major cotton suppliers, such as India, Australia and Brazil. Refer to Table 4 below for further details:
