COTTON AND WOOL OUTLOOK March 12, 1996 Approved by the World Agricultural Outlook Board ------------------------------------------------------------------------------- COTTON AND WOOL OUTLOOK is published monthly (except January) by the Economic Research Service, U.S. Department of Agriculture, Washington, DC 20005-4788. CWS-0296. ------------------------------------------------------------------------------- Cotton Stocks To Remain Tight in 1995/96 The 1995/96 U.S. cotton crop remains estimated at 17.97 million bales (upland --17.61 million and ELS--361,000), compared with 1994/95's record 19.66 million. Imports are now estimated at 200,000 bales, which if realized, would be the highest since 1949/50 when over 250,000 bales of cotton were imported. Currently, U.S. cotton supplies are estimated at 20.8 million bales, down 10 percent from last season. Similarly, total use of an estimated 17.9 million bales is moderately below 1994/95. Based on these supply and use estimates, 1995/96 U.S. ending stocks are forecast at 2.9 million bales, up 9 percent from the beginning level but indicating a stocks-to-use ratio of only 16 percent. Mill Use Remains Slow Cotton mill consumption remains sluggish according to the latest U.S. Commerce Department data. Adjusted to a calendar month, preliminary January cotton mill use totaled 878,000 bales, the highest since last October, but 100,000 bales below January 1995. On a daily basis, January 1996 consumption reached 38,200 bales per day, compared with 44,500 bales a year earlier. Cotton use during the first half of the 1995/96 season totaled 5.2 million bales, compared with 5.7 million last season. On a seasonally adjusted annual rate (SAAR) basis, January's mill use fell below 10 million bales for the first time since November 1993. However, inclement weather in the major textile producing areas during January likely limited its potential for mill consumption. A year earlier, the SAAR equaled 11.6 million bales, the height of 1994/95's surge in cotton consumption. For the first 6 months of this season, the SAAR averaged nearly 10.4 million bales. Although slightly below the USDA estimate of 10.5 million bales, cotton mill use is expected to improve in the last half of 1995/96. Cotton's share of fiber use on the cotton system remained at 78.3 percent in January. With manmade fiber use declining more than cotton use so far this season, cotton's share has continued above 1994/95's 77 percent. Despite the slowdown in textile mill activity, increased cotton textile export demand has continued to support U.S. cotton mill consumption. U.S. Export Forecast Raised Continued gains in export commitments and a strong pace of export shipments led to an increase in the forecast for U.S. 1995/96 cotton exports. The export forecast was raised 200,000 bales to 7.4 million, a 26.2-percent share of world trade. The United States is expected to maintain a large share of world trade, despite high relative prices this year, in large part due to continued strong purchases by China. To date, export commitments to China total 1.9 million bales, below last year's extraordinary shipments, but well above the shipments achieved in virtually any other year. Foreign Production Forecast Slightly Higher in March Foreign cotton production for 1995/96 was raised 400,000 bales this month, with smaller increases for consumption and trade. Foreign production is estimated at 71.1 million bales, primarily reflecting a larger crop in China. China was revised upward as the State Statistical Bureau issued its first estimate of the 1995/96 crop: up 800,000 bales from last year to 20.7 million. Australia's production was raised 150,000 bales following a new forecast from ABARE. Uzbekistan's expected production was also raised--90,000 bales--as revised government lint production statistics raised 1994/95's ginning ratio, suggesting 1995/96's ratio could also be higher than had been forecast in February. Brazil's and Turkmenistan's production were reduced by 200,000 and 250,000 bales, respectively. Persistent rain has recently reduced production prospects in Brazil, while Turkemenistan's government has recently begun scaling back its estimates of 1995/96 seed cotton production. The forecast for foreign cotton consumption in 1995/96 was unchanged, except for a 200,000-bale increase for India. Foreign cotton consumption is now expected to reach 75.4 million bales this year, a 1.9-million-bale increase from 1994/95, and the first annual increase in 6 years. Foreign production, on the other hand, is expected to rise 5 million bales. The gap between foreign consumption and production forecast for 1995/96 is one of the smallest of the last 20 years, but U.S. exports remain strong nonetheless. Foreign trade was also raised slightly this month, with foreign exports at 20.9 million bales, and imports at 28.2 million. Australia's exportable supplies are forecast larger, and Turkey has announced a larger export quota; but lower production in Brazil and Turkmenistan reduced export prospects there. Foreign imports were also slightly larger, since increased Turkish exports early in the season are expected to result in an increased need for imports later. There was no change in China's forecasted imports, despite the increase in estimated production. China's 2.6-million-bale import estimate for 1995/96 is largely based on sales agreements that may have been concluded before the size of this year's crop became apparent. Foreign beginning stocks in 1995/96, at 26.1 million bales, were slightly reduced due to historical revisions for Indian production stretching as far back as 1991/92. Production in India was lowered about 140,000 bales each year from 1991/92-1993/94, and by about 30,000 bales for 1994/95. As a result, 1995/96 beginning stocks for India were lowered 543,000 bales this month. Higher revised import figures for Brazil in 1994/95 and higher revised lint production for Uzbekistan in 1994/95 offset much of this, and foreign beginning stocks were only revised downward by a net 170,000 bales. Foreign ending stocks were revised upward by less than 100,000 bales, to 28.8 million. China's ending stocks rose 700,000 bales this month, but larger consumption in India and lower production in Brazil--in addition to the beginning stocks changes mentioned above--proved just about offsetting. December Textile Trade Declines, Annual Rises U.S. textile imports totaled nearly 490 million (raw-fiber equivalent) pounds last December, down 15 percent from November and 12 percent below a year earlier. Total imports declined for each fiber type and for each major end- use category. Cotton imports reached 254 million pounds in December, while manmade textile imports were 174 million, both the smallest since April 1994. December textile exports also declined from a month earlier, totaling 233 million pounds. Although 11 percent below November, exports were 4 percent above a year ago. Total exports declined in each major end-use category and for all fiber types, except linen which rose slightly. Cotton textile exports approached 97 million pounds in December, the lowest in 11 months. Meanwhile, manmade fiber exports were nearly 119 million pounds, the smallest since July 1995. Despite the monthly decrease in textile trade, total textile imports during 1995 reached 7.8 billion pounds, an increase of 408 million pounds (5.5 percent) over 1994. Similarly, textile exports totaled 3.1 billion pounds, a gain of 325 million pounds (12 percent) from a year ago. Both textile imports and exports were records in calendar year 1995. With the quantity of textile imports outpacing that of exports, the total textile fiber trade deficit continued to expand. In 1995, the deficit rose to 4.7 billion pounds, up from 4.6 billion in 1994. The cotton contribution to the deficit in 1995 was 2.7 billion pounds, or 58 percent. Twenty-five percent was attributable to manmade fibers, while 5 percent of the textile deficit came from wool. The remaining 12 percent came from linen and silk, with the former accounting for more than 10 percent. U.S. Fiber Consumption Drops in 1995 During calendar year 1995, both fiber mill use and total domestic consumption (mill use plus net textile trade) fell slightly from 1994. U.S. fiber mill use declined 1.3 percent to 16 billion pounds. By fiber, mill use slipped 1 percent for cotton, nearly 2 percent for manmade, and 4 percent for wool. In contrast, U.S. mill use for flax and silk jumped a combined 20 percent. Cotton accounted for 32.3 percent of all fibers used in U.S. mills, up slightly from a year earlier, while manmade fibers' share was down marginally to 65.8 percent. Wool, flax, and silk contributed the remaining 2 percent. Combining U.S. mill use and textile trade, total domestic fiber consumption reached 20.7 billion pounds, down from 20.9 billion in 1994. Nearly 75 percent of the decline was attributable to manmade fibers. Domestic consumption of cotton in 1995 totaled 7.9 billion pounds, about the same as in 1994. Despite the drop in manmade fibers, they accounted for 56.5 percent of total domestic consumption; cotton contributed 38.1 percent. On a U.S. per capita basis, 1995 domestic consumption of all fibers slipped 1 pound per person to nearly 79 pounds, with 61 pounds of the total consumed in U.S. mills. For cotton, per capita mill use in 1995 dropped below 20 pounds per person, while total domestic cotton consumption totaled 30 pounds. Cotton Prices Mixed in February The average price received by upland producers for the first half of February was 76.7 cents per pound, virtually unchanged from January's 76.8 cents. A year earlier, this price averaged about a nickel higher. The upland spot price for base quality cotton slipped to 81.6 cents per pound from 81.8 cents in January. The February spot price is the lowest since December 1994, when prices jumped dramatically. The ELS spot price also declined slightly in February, but remains roughly twice that of upland cotton. A healthy increase is expected in ELS acreage in 1996, while upland area may decline. The first official estimate of cotton area prospects for 1996 will be released on March 29 in USDA's Prospective Plantings report. Over the last several months, December 1996 futures prices have steadily improved. During February, this contract averaged 78.6 cents per pound, its highest level thus far. On the other hand, the A and B Index continued to slide and in February, averaged 85 and 79 cents per pound, respectively. At the same time, the U.S. quotes moved higher or declined only marginally. This continued price scenario has allowed imported cotton a price advantage with some mills experimenting with cotton from various countries. Mill-delivered upland prices rose to about 90 cents per pound in February for base quality cotton. Revisions in polyester prices for the past several months have pushed the actual prices slightly below those for cotton. Since December, polyester staple prices have averaged 88 cents per pound. Meanwhile, rayon staple prices remain unchanged at $1.25 per pound. A year ago, cotton prices were over a dollar and polyester and rayon were at $1.09 and 86 cents per pound, respectively. The 1995 Cotton and Wool Situation and Outlook Yearbook (CWS-1995) is available for purchase. For information, call 1-800-999-6779. The next Cotton and Wool Outlook (CWS-0396) will be released on April 11. For further information, contact Leslie Meyer at (202) 501-8528 (U.S. Cotton), or Steve MacDonald at (202) 219-1179 (Foreign Cotton). U.S. COTTON SUPPLY AND USE ESTIMATES ---------------------------------------------------------------------- 1995/96 ---------------------------- Item 1994/95 Jan Feb Mar ---------------------------------------------------------------------- Upland: Million acres Planted 13.55 16.72 16.72 16.72 Program 11.62 11.02 11.02 11.02 Harvested 13.16 15.78 15.78 15.78 Pounds Yield/harvested acre 705 536 536 536 Million 480-lb. bales Beginning stocks 3.30 2.59 2.59 2.59 Production 19.32 17.61 17.61 17.61 Total supply 1/ 22.65 20.25 20.29 20.39 Mill use 11.10 10.61 10.41 10.41 Exports 8.98 6.70 6.89 7.09 Total use 20.07 17.31 17.30 17.50 Ending stocks 2.59 2.97 2.98 2.88 Percent Stocks-to-use ratio 12.9 17.2 17.2 16.4 Extra-long staple: 1,000 acres Planted 169 215 215 215 Program 84 26 26 26 Harvested 166 211 211 211 Pounds Yield/harvested acre 974 821 821 821 1,000 480-lb. bales Beginning stocks 227 59 59 59 Production 338 361 361 361 Total supply 1/ 567 425 430 430 Mill use 102 90 95 95 Exports 424 305 310 310 Total use 526 395 405 405 Ending stocks 59 30 25 25 Percent Stocks-to-use ratio 11.2 7.6 6.2 6.2 ---------------------------------------------------------------------- Based on USDA estimates. 1/ Includes imports. WORLD COTTON SUPPLY AND USE ESTIMATES ---------------------------------------------------------------------- 1995/96 ------------------------------ Item 1994/95 Jan Feb Mar ---------------------------------------------------------------------- Supply: Million 480-lb. bales Beginning stocks World 26.13 28.89 28.92 28.75 Foreign 22.60 26.24 26.27 26.10 Production World 85.71 89.12 88.63 89.05 Foreign 66.05 71.15 70.65 71.08 Imports World 30.54 27.72 28.12 28.37 Foreign 30.52 27.67 28.02 28.17 Use: Mill use World 84.73 86.08 85.71 85.91 Foreign 73.53 75.38 75.21 75.41 Exports World 28.69 27.76 27.93 28.27 Foreign 19.29 20.76 20.73 20.87 Ending stocks World 28.75 31.68 31.77 31.73 Foreign 26.10 28.68 28.77 28.83 Stocks-to-use ratio Percent World 33.9 36.8 37.1 36.9 Foreign 35.5 38.0 38.3 38.2 ---------------------------------------------------------------------- Based on USDA estimates. FIBER SUPPLY ---------------------------------------------------------------------- 1995 1996 1995 -------------- Item Nov Dec Jan Jan ---------------------------------------------------------------------- Cotton: 1,000 480-lb. bales Ginnings 5,866 2,916 411 588 Imports since August 1 2.2 2.4 NA 7.7 Stocks, beginning 7,531 11,803 12,821 14,754 At mills 540 543 569 675 Public storage 5,866 9,415 10,074 12,261 CCC stocks 426 1,499 2,054 2,861 Manmade: Million pounds Production 804.9 787.5 791.4 845.8 Noncellulosic 767.8 741.1 753.5 805.1 Cellulosic 37.1 46.4 37.9 40.7 Total since January 1 9,160.8 9,948.3 791.4 845.8 1995 1994 ------------------------ Oct Nov Dec Dec ---------------------------------------------------------------------- Million pounds Raw fiber imports 93.1 94.1 NA 94.3 Noncellulosic 86.9 85.5 NA 87.8 Cellulosic 6.2 8.6 NA 6.5 Total since January 1 917.2 1,011.3 NA 988.3 Wool and Mohair: 1,000 pounds Raw wool imports, clean 7,445 7,656 4,084 7,029 48's-and-finer 5,135 5,172 2,536 5,738 Not-finer-than-46's 2,310 2,484 1,548 1,291 Total since January 1 77,080 84,736 88,820 91,717 Wool top imports 336 177 298 360 Total since January 1 4,055 4,232 4,530 4,827 Mohair imports, clean 0 19 0 4 Total since January 1 125 143 143 194 ---------------------------------------------------------------------- NA = Not available. COTTON SYSTEM FIBER CONSUMPTION ---------------------------------------------------------------------- 1995 1996 1995 ---------------- Item Nov Dec Jan Jan ---------------------------------------------------------------------- Cotton: 1,000 480-lb. bales All consumed by mills 1/ 861 669 878 978 Total since August 1 1/ 3,656 4,324 5,202 5,701 SA annual rate 2/ 10,326 10,255 9,925 11,573 SA daily rate 2/ 39.7 39.4 38.2 44.5 Daily rate 39.1 31.8 38.2 44.5 Upland consumed by mills 1/ 852 662 867 969 Total since August 1 1/ 3,619 4,282 5,148 5,657 SA annual rate 2/ 10,217 10,170 9,804 11,468 SA daily rate 2/ 39.3 39.1 37.7 44.1 Daily rate 38.7 31.5 37.7 44.1 Spindles in place 6,737 6,627 6,518 7,262 Active spindles 6,220 6,079 6,072 6,875 100 percent cotton 2,741 2,745 2,776 2,942 100 percent manmade 1,091 1,019 1,014 1,160 Blends 2,388 2,315 2,282 2,773 Percent Cotton's share of fibers 78.8 78.3 78.3 77.4 Manmade: 1,000 pounds Total consumed by mills 1/ 111,278 88,801 117,013 136,738 Total since August 1 1/ 489,484 578,284 695,297 808,339 Daily rate 5,058 4,229 5,088 6,215 Noncellulosic staple 4,278 3,555 4,381 5,356 Cellulosic staple 780 674 707 859 ---------------------------------------------------------------------- 1/ Adjusted to calendar month. 2/ SA = seasonally adjusted. FIBER EXPORTS ---------------------------------------------------------------------- 1995 1994 ------------------------ Item Oct Nov Dec Dec ---------------------------------------------------------------------- Cotton: 1,000 480-lb. bales Upland exports 440 719 1,198 1,072 Total since August 1 965 1,684 2,881 2,938 Sales for next season 4 -9 119 -187 Total since August 1 56 47 166 2,687 ELS exports 12.0 14.1 32.0 26.7 Total since August 1 47.8 61.8 93.9 75.4 Sales for next season 18.6 13.4 32.2 9.9 Total since August 1 32.3 45.8 78.0 14.1 Manmade: Million pounds Raw fiber exports 89.6 87.5 NA 88.4 Noncellulosic 78.8 80.7 NA 81.4 Cellulosic 10.8 6.8 NA 7.0 Total since January 1 874.4 961.9 NA 914.3 Wool and Mohair: 1,000 pounds Raw wool exports, clean 273.2 434.7 113.2 262.3 Total since January 1 5,493.8 5,928.5 6,041.7 2,862.6 Wool top exports 2,169.3 1,148.2 940.0 1,728.7 Total since January 1 11,753.8 12,902.1 13,842.1 13,826.5 Mohair exports, clean 719.4 367.8 687.2 1,081.7 Total since January 1 3,798.6 4,166.4 4,853.6 8,733.8 ---------------------------------------------------------------------- FIBER PRICES ---------------------------------------------------------------------- 1995 1996 1995 --------------- Item Dec Jan Feb Feb ---------------------------------------------------------------------- Domestic cotton prices: Cents per pound Adjusted World Price 72.99 70.99 70.42 85.84 Mar'96 futures 83.67 84.19 84.19 78.38 Dec'96 futures 77.28 77.30 78.58 NA Upland spot 41-34 82.18 81.81 81.56 91.89 Pima spot 03-46 168.48 167.61 162.63 115.02 Avg. price received by: Upland producers 76.40 76.80 76.70 81.60 Mill delivered: Cotton Actual 89.70 88.86 89.76 100.06 Raw fiber equivalent 99.67 98.73 99.73 111.18 Rayon staple Actual 125.00 125.00 125.00 109.00 Raw fiber equivalent 130.21 130.21 130.21 113.54 Polyester staple Actual 88.00 88.00 88.00 86.00 Raw fiber equivalent 91.67 91.67 91.67 89.58 Price ratios Percent Cotton/rayon 76.5 75.8 76.6 97.9 Cotton/polyester 108.7 107.7 108.8 124.1 Northern Europe cotton quotes: Cents per pound A Index 87.50 86.04 84.99 100.51 Memphis Territory 93.38 94.13 94.70 103.94 California/Arizona 99.63 100.56 100.20 108.69 B Index 82.96 81.03 78.98 98.39 Orleans/Texas 88.38 89.38 90.40 101.13 Wool prices (clean): Dollars per pound U.S. 56's 1.33 1.35 1.35 1.55 Australian 56's 1/ 1.90 1.91 1.92 2.45 U.S. 60's 1.50 1.55 1.56 1.82 Australian 60's 1/ 2.03 2.08 2.05 2.61 U.S. 64's 1.85 1.88 1.92 2.52 Australian 64's 1/ 2.36 2.40 2.37 2.97 ---------------------------------------------------------------------- NA = Not available. 1/ In bond, Charleston, SC. TEXTILE TRADE ---------------------------------------------------------------------- 1995 1994 ----------------------------- Item Oct Nov Dec Dec ---------------------------------------------------------------------- Imports: 1,000 pounds 1/ Yarn, thread, and fabric 163,879 158,583 145,724 179,254 Cotton 66,966 58,169 58,969 83,394 Linen 22,476 29,123 26,438 27,808 Wool 3,181 2,765 2,465 3,470 Silk 819 649 542 696 Manmade 70,437 67,877 57,311 63,885 Apparel 458,410 364,303 296,216 327,367 Cotton 251,267 211,833 172,364 189,844 Linen 17,400 11,266 7,780 10,152 Wool 23,438 13,821 8,636 8,639 Silk 10,981 8,863 8,018 11,567 Manmade 155,324 118,518 99,418 107,165 House furnishings 35,618 28,701 23,938 28,593 Cotton 24,201 19,914 16,434 20,276 Linen 307 193 167 221 Wool 173 84 122 133 Silk 19 15 34 22 Manmade 10,918 8,494 7,181 7,941 Floor covering 22,792 19,357 18,305 19,012 Cotton 4,036 3,583 3,709 3,863 Linen 3,280 2,884 2,281 3,389 Wool 6,093 4,394 4,785 5,124 Silk 362 327 570 499 Manmade 9,020 8,170 6,959 6,186 Total imports 2/ 687,434 576,110 489,739 559,434 Cotton 349,327 295,738 254,050 299,592 Linen 43,521 43,496 36,688 41,872 Wool 33,066 21,177 16,084 17,509 Silk 12,181 9,855 9,165 12,734 Manmade 249,339 205,844 173,752 187,726 Exports: 1,000 pounds 1/ Yarn, thread, and fabric 126,896 121,299 106,926 114,805 Cotton 44,526 42,501 35,297 37,800 Linen 2,952 2,775 2,935 3,477 Wool 3,409 3,007 3,231 3,474 Silk 1,257 1,287 1,145 1,464 Manmade 74,752 71,730 64,318 69,243 Apparel 114,961 106,302 73,141 76,977 Cotton 68,562 62,846 55,063 49,127 Linen 2,223 2,056 2,010 1,793 Wool 4,692 4,354 4,062 2,410 Silk 2,015 1,735 1,505 1,042 Manmade 37,470 35,312 30,502 22,605 House furnishings 6,352 6,873 5,767 5,903 Cotton 3,381 3,933 3,339 3,308 Linen 314 258 289 277 Wool 131 101 121 81 Silk 134 114 125 198 Manmade 2,392 2,466 1,894 2,038 Floor covering 29,268 27,764 27,197 25,833 Cotton 2,909 2,943 3,102 3,119 Linen 1,234 1,169 1,103 1,127 Wool 1,446 1,396 1,313 1,318 Silk 3/ --- --- --- --- Manmade 23,679 22,257 21,679 20,268 Total exports 2/ 277,847 262,557 233,458 223,812 Cotton 119,428 112,255 96,851 92,743 Linen 6,733 6,264 6,347 6,683 Wool 9,701 8,875 8,742 7,304 Silk 3,406 3,135 2,775 2,705 Manmade 138,579 132,027 118,743 114,378 ---------------------------------------------------------------------- 1/ Raw fiber equivalent. 2/ Includes headgear. 3/ Absence of trade. U.S. FIBER CONSUMPTION: TOTAL AND PER CAPITA, BY FIBER TYPE, 1989-95 ------------------------------------------------------------------------------- Textile trade 1/ Total Per capita 3/ Fiber U.S. Percent ------------------ domestic Percent --------------- and mill of Exports Imports consump- of Mill Domestic year use fibers tion 2/ fibers use ------------------------------------------------------------------------------- Million Percent -----Million pounds----- Percent -----Lbs.----- lbs. Cotton: 1989 4,046.0 29.8 507.4 2,353.9 5,892.5 35.1 16.4 23.8 1990 4,115.3 30.6 664.8 2,416.4 5,866.9 35.9 16.5 23.5 1991 4,347.5 31.7 722.9 2,592.9 6,217.5 37.3 17.2 24.6 1992 4,761.6 32.3 844.9 3,193.2 7,109.9 38.1 18.6 27.8 1993 4,937.7 32.1 958.3 3,574.4 7,553.8 38.5 19.1 29.3 1994 5,230.6 32.2 1,107.4 3,795.9 7,919.1 38.0 20.1 30.4 1995 5,183.5 32.3 1,321.7 4,048.7 7,910.5 38.1 19.7 30.1 Wool: 1989 134.7 1.0 66.3 222.3 290.7 1.7 0.5 1.2 1990 132.7 1.0 59.6 205.8 278.9 1.7 0.5 1.1 1991 151.5 1.1 63.3 210.9 299.1 1.8 0.6 1.2 1992 150.8 1.0 72.2 237.4 316.0 1.7 0.6 1.2 1993 156.8 1.0 77.6 260.5 339.7 1.7 0.6 1.3 1994 153.3 0.9 91.6 309.6 371.3 1.8 0.6 1.4 1995 146.9 0.9 109.4 331.1 368.6 1.8 0.6 1.4 Manmade fibers: 1989 9,217.6 68.0 1,060.5 1,715.7 9,872.8 58.7 37.3 39.9 1990 9,047.0 67.3 1,339.3 1,750.4 9,458.1 57.9 36.2 37.8 1991 9,092.2 66.3 1,400.1 1,769.0 9,461.1 56.8 36.0 37.5 1992 9,730.9 66.0 1,418.8 2,126.5 10,438.6 56.3 38.1 40.9 1993 10,160.6 66.1 1,388.1 2,221.2 10,993.7 56.1 39.4 42.6 1994 10,732.3 66.1 1,448.1 2,530.0 11,814.2 56.6 41.2 45.3 1995 10,550.4 65.8 1,536.8 2,707.2 11,720.8 56.5 40.1 44.5 Flax and silk: 1989 160.5 1.2 74.5 665.5 751.5 4.4 0.6 3.0 1990 149.9 1.1 91.5 667.7 726.1 4.4 0.6 2.9 1991 122.3 0.9 93.4 647.9 676.8 4.1 0.5 2.7 1992 107.2 0.7 90.8 653.4 669.8 3.6 0.4 2.6 1993 104.9 0.7 98.3 711.2 717.8 3.7 0.4 2.8 1994 122.3 0.8 109.7 749.9 762.5 3.7 0.5 2.9 1995 146.5 0.9 114.2 706.6 738.9 3.6 0.6 2.8 All fibers: 1989 13,558.8 100.0 1,708.7 4,957.4 16,807.5 100.0 54.8 68.0 1990 13,444.9 100.0 2,155.2 5,040.3 16,330.0 100.0 53.8 65.3 1991 13,713.5 100.0 2,279.7 5,220.7 16,654.5 100.0 54.3 65.9 1992 14,750.5 100.0 2,426.7 6,210.5 18,534.3 100.0 57.8 72.6 1993 15,360.0 100.0 2,522.3 6,767.3 19,605.0 100.0 59.5 76.0 1994 16,238.5 100.0 2,756.8 7,385.4 20,867.1 100.0 62.3 80.0 1995 16,027.3 100.0 3,082.1 7,793.5 20,738.7 100.0 60.9 78.8 ------------------------------------------------------------------------------- 1/ Raw-fiber equivalent of imports and exports of textile products. 2/ Total domestic consumption is U.S. mill consumption plus net textile product trade balance. 3/ July 1 population for 1989 = 247.3 million, 1990 = 249.9 million, 1991 = 252.6 million, 1992 = 255.4 million, 1993 = 258.1 million, 1994 = 260.7 million, and 1995 = 263.1 million. Source: Bureau of the Census. END-END-END