1887

OECD-FAO Agricultural Outlook 2018-2027

image of OECD-FAO Agricultural Outlook 2018-2027

The fourteenth joint edition of the OECD-FAO Agricultural Outlook provides market projections for major agricultural commodities, biofuels and fish, as well as a special feature on the prospects and challenges of agriculture and fisheries in the Middle East and North Africa.

World agricultural markets have changed markedly since the food price spikes of 2007-8, as production has grown strongly while demand growth has started to weaken. In the coming decade, real agricultural prices are expected to remain low as a result of reduced growth in global food and feed demand. Net exports will tend to increase from land abundant countries and regions, notably in the Americas. Countries with limited natural resources, slow production expansion and high population growth will see rising net imports. Increasing import dependence is projected in particular for the Middle East and North Africa, where a scarcity of arable land and water constrains agricultural production.

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From Chapter: Statistical Annex
.

Table A.43.2 - Cotton projections: Consumption

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OECD-FAO Agricultural Outlook 2018-2027 - © OECD 2018

‌A.43.2Cotton projections: Consumption
A.43.2Cotton projections: Consumption
  Marketing year
‌‌
CONSUMPTION (kt) 3
Growth (%) 4
Average
2015-17est
‌2027‌
‌2008-17‌
‌2018-27‌
WORLD
24 543
 
28 671
 
0.27
 
0.90
 
NORTH AMERICA
729
 
839
 
-0.92
 
1.33
 
Canada
0
 
0
 
..
 
..
 
United States
729
 
839
 
-0.85
 
1.33
 
LATIN AMERICA
1 382
 
1 474
 
-3.71
 
0.02
 
Argentina
142
 
167
 
-2.18
 
1.73
 
Brazil
720
 
716
 
-4.71
 
-1.06
 
Chile
0
 
0
 
-40.76
 
2.19
 
Colombia
45
 
70
 
-9.10
 
4.23
 
Mexico
402
 
424
 
-0.17
 
0.44
 
Paraguay
3
 
4
 
-11.30
 
2.78
 
EUROPE
339
 
275
 
-5.80
 
0.77
 
European Union
269
 
210
 
-2.81
 
0.84
 
Russia
65
 
60
 
-12.19
 
0.49
 
Ukraine
2
 
3
 
-14.86
 
2.22
 
AFRICA
339
 
442
 
-0.60
 
2.06
 
Egypt
131
 
164
 
-2.72
 
1.52
 
Ethiopia
55
 
83
 
9.19
 
3.12
 
Nigeria
24
 
29
 
-1.77
 
1.73
 
South Africa
21
 
27
 
-3.23
 
1.80
 
ASIA
21 745
 
25 635
 
0.76
 
0.92
 
China 1
7 854
 
6 870
 
-2.72
 
-1.85
 
India
5 249
 
7 463
 
3.45
 
3.04
 
Indonesia
698
 
1 013
 
5.18
 
2.09
 
Iran
109
 
135
 
-2.63
 
1.43
 
Japan
62
 
55
 
-4.62
 
-0.37
 
Kazakhstan
13
 
18
 
0.71
 
2.82
 
Korea
245
 
232
 
1.45
 
-0.20
 
Malaysia
64
 
93
 
6.90
 
3.10
 
Pakistan
2 176
 
2 575
 
-0.40
 
0.07
 
Philippines
10
 
15
 
-3.71
 
3.48
 
Saudi Arabia
0
 
0
 
..
 
..
 
Thailand
272
 
296
 
-3.94
 
0.47
 
Turkey
1 479
 
1 733
 
2.68
 
1.45
 
Viet Nam
1 161
 
2 024
 
20.31
 
2.88
 
OCEANIA
8
 
7
 
-4.21
 
-0.06
 
Australia
7
 
6
 
-4.74
 
-0.07
 
New Zealand
1
 
1
 
0.00
 
0.00
 
DEVELOPED COUNTRIES
1 710
 
1 944
 
-0.74
 
1.38
 
DEVELOPING COUNTRIES
22 833
 
26 727
 
0.35
 
0.86
 
LEAST DEVELOPED COUNTRIES (LDC)
1 658
 
2 229
 
6.06
 
2.64
 
OECD 2
3 196
 
3 501
 
0.57
 
1.11
 
BRICS
13 910
 
15 137
 
-0.95
 
0.34
 
..
Not available
Note: Marketing year: See Glossary of Terms for definitions.
Average 2015-17est: Data for 2017 are estimated.
Disclaimer: http://oe.cd/disclaimer
1.
Refers to mainland only. The economies of Chinese Taipei, Hong Kong (China) and Macau (China) are included in the Asia aggregate.
2.
Excludes Iceland but includes all EU28 member countries.
3.
Consumption for cotton means mill consumption and not final consumer demand.
4.
Least-squares growth rate (see glossary).
Source: OECD/FAO (2018), “OECD-FAO Agricultural Outlook”,OECD Agriculture statistics(database). doi:dx.doi.org/10.1787/agr-outl-data-en

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