Despite China being the world’s top cotton producer, Brazilian cotton has significantly increased its market share there. According to trade data, Brazil’s cotton exports have increased significantly between 2017 and 2020, both in terms of volume and value. The rise is unrelated to the US embargo on cotton from Xinjiang.
In 2017, Brazil exported cotton worth $132.393 million in an amount of 82.953 million kg. According to TexPro, a market research tool from a source, the value and volume of exports more than quadrupled to 302.981 million kg ($523.495 million) in 2018 and then increased to 501.725 million kg ($820.445 million) in 2019.
Brazil exported 658.752 million kg of cotton to China in 2020, valued at $1,016.738, despite COVID-related setbacks. million. However, according to TexPro, the volume and value of exports decreased somewhat to 582.985 million kg ($983.141 million) in 2021 and further to 521.499 million kg ($1,082.756 million) in 2022. Notwithstanding the drop in shipments over the past two years, the volume and value of exports still climbed by more than three times. The findings indicate that the rise in Brazilian exports to China was not entirely brought on by Chinese buyers looking for alternative cotton suppliers following the US ban on cotton from China’s Xinjiang region. In June 2022, the US forbade cotton from entering the area.
