ID2023-0009 – Published on April 5, 2023
Indonesian cotton imports in 2023/24 are forecast to remain stable at 2.0 million bales assuming spinners will use more inventory on hand before making new purchases. Imports are estimated to decline in 2022/23 to 2.0 million bales compared to 2.577 million tons imported in 2021/22. Sluggish global demand and tight competition in the domestic market from imported used clothing led to lower cotton utilization, increasing 2022/23 ending stocks to 547,000 bales. Ending stocks in 2023/24 are forecast to decline to 539,000 bales due to anticipated marginal increases in 2023/24 utilization to 2.0 million bales.
