Global trends in fibre prices, production and consumption, December 2024.pdf

Global trends in fibre prices, production and consumption, December 2024

This report provides a comprehensive analysis of trends in natural fibre production and man-made fibre production by fibre type. In addition, it provides forecasts of cotton fibre demand, supply and prices for the 2024/25 season (August 1, 2024-July 31, 2025), and man-made fibre production forecasts to 2030. World production of man-made fibres rose in 2023. Synthetic fibre production accounted for most of the rise, and most of the increase in synthetic fibre production was due to growth in polyester fibre output. Having said that, there was also a healthy rise in cellulosic fibre production. By contrast, production of natural fibres fell in 2023—reflecting, primarily, a decline in cotton production. Looking ahead, man-made fibre production is forecast to rise between 2023 and 2030 and it is expected to account for 77% of global fibre production at the end of this period. Also, global consumption of cotton fibre is expected to rise in 2024/25 alone, reflecting an improvement in the global economy. At the same time, it is predicted that production of cotton fibre will rise, although it is expected that production will remain below consumption. Therefore, the stock level will decline although it will remain high and so there is unlikely to be any upward pressure on prices.