Vietnam: Cotton and Products Update
Link to report:
Due to COVID-19, Vietnam’s cotton imports dropped 7 percent in marketing year (MY) 2019/2020, to 6.47 million bales [or 1.41 million metric tons (MMT)]. Vietnam’s success in combating the COVID-19 outbreak has allowed textile and garment companies to maintain operations, despite a few short-term disruptions. Vietnam's imports of cotton were propped up by Chinese demand for cotton yarn which remained strong. U.S. cotton exports to Vietnam in MY19/20 reached 838 thousand metric tons (TMT), up 0.5 percent over MY18/19. The U.S. cotton market share also expanded to 59 percent in MY19/20. For MY20/21, Post estimates that Vietnam’s cotton imports will stand at 6.5 million bales (or 1.42 MMT), given the uncertainty in global demand.
