Related Keywords: cotton consumption declining, cotton production, cotton textile export, International cotton advisory committee, Pakistan fourth largest producer of cotton, Pakistan textile sector, performing poorly in cotton trade
Pakistan despite being the fourth largest producer of cotton has been performing poorly in cotton trade. The cotton consumption is likely to decline by 12 percent this year. By consuming 2.2 million tons of cotton, Pakistan would be exporting around $13 billion of cotton products whereas with the same quantity of combined cotton production Bangladesh and Vietnam would generate exports of $54 billion, according to a recent cotton update by the International Cotton Advisory Committee.
