Asia: Cotton Lint Market 2024

Cotton Lint Market Size in Asia

After two years of decline, the Asian cotton lint market increased by X% to $X in 2022. In general, consumption, however, recorded a perceptible slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cotton Lint Production in Asia

In value terms, cotton lint production fell to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were China (X tons), India (X tons) and Pakistan (X tons), together accounting for X% of total production. Uzbekistan, Turkey and Turkmenistan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Turkmenistan (with a CAGR of X%), while production for the other leaders experienced a decline in the production figures.

In 2022, the average cotton lint yield in Asia soared to X tons per ha, increasing by X% against the previous year's figure. In general, the yield, however, continues to indicate a pronounced downturn. The level of yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of cotton lint were harvested in Asia; therefore, remained relatively stable against the year before. Overall, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to cotton lint production attained the peak figure at X ha in 2014; however, from 2015 to 2022, the harvested area stood at a somewhat lower figure.

Cotton Lint Exports

Exports in Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of cotton lint, when their volume decreased by X% to X tons. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, cotton lint exports reduced markedly to $X in 2022. In general, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

India represented the major exporting country with an export of about X tons, which reached X% of total exports. Turkey (X tons) ranks second in terms of the total exports with a X% share, followed by Tajikistan (X%), Azerbaijan (X%) and Afghanistan (X%). Kazakhstan (X tons), China (X tons), Turkmenistan (X tons), Syrian Arab Republic (X tons), Israel (X tons) and Vietnam (X tons) followed a long way behind the leaders.

Exports from India decreased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), Syrian Arab Republic (X%), Azerbaijan (X%), Turkey (X%), Afghanistan (X%) and China (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Tajikistan and Israel experienced a relatively flat trend pattern. By contrast, Kazakhstan (X%) and Turkmenistan (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Azerbaijan (X p.p.), Afghanistan (X p.p.), Tajikistan (X p.p.), China (X p.p.), Syrian Arab Republic (X p.p.), Kazakhstan (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkmenistan (X p.p.) and India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest cotton lint supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Tajikistan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in India totaled X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Tajikistan (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton lint export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Cotton Lint Imports

Imports in Asia

After five years of growth, overseas purchases of cotton lint decreased by X% to X tons in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton lint imports surged to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The countries with the highest levels of cotton lint imports in 2022 were China (X tons), Bangladesh (X tons), Vietnam (X tons), Turkey (X tons) and Pakistan (X tons), together reaching X% of total import. Indonesia (X tons) held the next position in the ranking, followed by India (X tons). All these countries together held approx. X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and Turkey ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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