
China - Cotton Lint - Market Analysis, Forecast, Size, Trends and Insights
Cotton Lint Prices Average $2,853/Ton in China as 3% Drop Continues for Second Month
China Cotton Lint Import Price in December 2022
In December 2022, the cotton lint price amounted to $2,853 per ton (CIF, China), waning by -2.9% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in January 2022 when the average import price increased by 8.5% m-o-m. The import price peaked at $3,076 per ton in October 2022; however, from November 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the highest price was recorded for prices from the United States ($3,160 per ton) and India ($2,767 per ton), while the price for Australia ($2,515 per ton) and Brazil ($2,764 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
China Cotton Lint Imports
In December 2022, after two months of growth, there was decline in supplies from abroad of cotton lint, when their volume decreased by -4.1% to 171K tons. In general, total imports indicated modest growth from December 2021 to December 2022: its volume increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, imports increased by +92.7% against September 2022 indices. The growth pace was the most rapid in January 2022 with an increase of 67% month-to-month. As a result, imports reached the peak of 228K tons. From February 2022 to December 2022, the growth of imports failed to regain momentum.
In value terms, cotton lint imports shrank to $487M (IndexBox estimates) in December 2022. Overall, total imports indicated perceptible growth from December 2021 to December 2022: its value increased at an average monthly rate of +3.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, imports increased by +83.8% against September 2022 indices. The pace of growth appeared the most rapid in January 2022 when imports increased by 81% against the previous month. As a result, imports attained the peak of $562M. From February 2022 to December 2022, the growth of imports failed to regain momentum.
China Cotton Lint Imports by Country
In December 2022, Brazil (114K tons) constituted the largest cotton lint supplier to China, accounting for a 67% share of total imports. Moreover, cotton lint imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (48K tons), twofold. The third position in this ranking was held by Australia (6.1K tons), with a 3.6% share.
From December 2021 to December 2022, the average monthly rate of growth in terms of volume from Brazil totaled +2.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (+6.8% per month) and Australia (+12.3% per month).
In value terms, Brazil ($316M) constituted the largest supplier of cotton lint to China, comprising 65% of total imports. The second position in the ranking was taken by the United States ($151M), with a 31% share of total imports. It was followed by Australia, with a 3.2% share.
From December 2021 to December 2022, the average monthly rate of growth in terms of value from Brazil stood at +4.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (+9.6% per month) and Australia (+11.7% per month).
China Cotton Price Drops Following Two Months of Declines
The cotton lint price in China recently experienced a 3% drop, settling to an average of $2,853 per ton. This marks a decrease following two months of successive drops in price. Analysts have attributed this dip to several contributing factors, including dwindling demand from large overseas markets, an increases in the cost of domestic labor, and a higher cost of premiums for using better-quality yarn. These factors, when combined, created an unfavorable environment for the cotton industry which resulted in the lower rate of return on the market. Industry observers are keeping a close eye on the market to gauge the potential of a price recovery as the year progresses.
This report provides an in-depth analysis of the cotton lint market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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