Vietnam: Cotton and Products Annual
Link to report:
Post estimates Vietnam’s cotton imports for marketing year (MY) 2019/2020 down to 1.28 million metric tons (MMT), or 5.90 million bales, due to the ongoing COVID-19 pandemic, which has affected many of Vietnam’s key business partners, including China, Korea, Japan, the United States, and the EU. The pandemic has dragged down demand for apparel and has significantly affected cotton imports to Vietnam. U.S. cotton exports to Vietnam in MY19/20 are estimated at 707,000MT, or 3.24 million bales, down 15 percent from the previous year. Despite this decline, Post estimates that the United States will still maintain its market share of 55 percent. For MY20/21, Post forecasts that Vietnam’s cotton imports will recover with 10 percent growth, importing about 1.42 MMT or 6.5 million bales. U.S. cotton should gain a 60 percent market share. This forecast is subject to ongoing COVID-19 developments; please see the Cotton and Products Semiannual in November 2020 for updates
