EU: Cotton Lint Market 2024

Cotton Lint Market Size in the EU

The EU cotton lint market expanded significantly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Cotton Lint Production in the EU

In value terms, cotton lint production dropped to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Greece (X tons) constituted the country with the largest volume of cotton lint production, accounting for X% of total volume. Moreover, cotton lint production in Greece exceeded the figures recorded by the second-largest producer, Spain (X tons), fourfold.

In Greece, cotton lint production expanded at an average annual rate of X% over the period from 2012-2022.

In 2022, the average yield of cotton lint in the European Union declined to X tons per ha, flattening at the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X%. The level of yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the yield remained at a 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, the harvested area of cotton lint in the European Union reached X ha, approximately mirroring the year before. Overall, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

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Cotton Lint Exports

Exports in the EU

In 2022, exports of cotton lint in the European Union reduced markedly to X tons, dropping by X% compared with the previous year. Over the period under review, exports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped remarkably in the following year.

In value terms, cotton lint exports declined markedly to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Greece represented the key exporter of cotton lint in the European Union, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Spain (X tons), comprising an X% share of total exports.

Greece was also the fastest-growing in terms of the cotton lint exports, with a CAGR of X% from 2012 to 2022. Spain (X%) illustrated a downward trend over the same period. While the share of Greece (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Spain (X p.p.) displayed negative dynamics.

In value terms, Greece ($X) remains the largest cotton lint supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Greece stood at X%.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while Greece amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (X%).

Cotton Lint Imports

Imports in the EU

Cotton lint imports declined slightly to X tons in 2022, remaining constant against the previous year's figure. Over the period under review, imports saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 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 soared to $X in 2022. In general, imports recorded a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Portugal (X tons) and Italy (X tons) were the largest importers of cotton lint in 2022, accounting for approx. X% and X% of total imports, respectively. Germany (X tons) ranks next in terms of the total imports with a X% share, followed by Greece (X%), France (X%) and Poland (X%). Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cotton lint importing markets in the European Union were Italy ($X), Portugal ($X) and Germany ($X), with a combined X% share of total imports. France, Greece, Poland and Belgium lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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 the European Union amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices attained the peak figure in 2022 and is likely to continue growth in the near future.

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

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

Source: IndexBox Platform

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